ILS Market Update
15 May 2026 • 00:37 GMT
The Israeli shekel has experienced notable strength recently, trading around 0.3445 against the US dollar, which is roughly 5.1% higher than its three-month average of 0.3278. The move reflects ongoing regional developments and domestic policies.
In particular, the Bank of Israel's surprise interest rate cut in January to 4.00% has not weakened the shekel, as expectations of economic stability and regional improvements have bolstered investor confidence. Additionally, France’s shekel’s appreciation over the past quarter—about 3.5% against the dollar—has supported its current position.
The shekel has also reached 90-day highs against the euro, trading near 0.2954—around 5.2% above its average—while gaining against the pound, trading near 0.2573, about 5.5% above its three-month level. The currency’s strength extends to the Japanese yen (54.57), Canadian dollar (0.4729), Swiss franc (0.2702), and Indian rupee (32.97), all trading near their 90-day peaks with gains of 5-8% over their averages.
These moves highlight the shekel’s resilience amid regional geopolitical easing and robust domestic economic fundamentals. Investors are watching these trends closely as they suggest continued strength in the returns from Israeli assets.
