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Israeli new sheqel Markets

ILS Currency Update - Our review of Israeli new sheqel forecasts and news plus charts and historic rates. Check ILS Trends over various time periods.

 

The recent forecasts for the USD to ILS exchange rate indicate a complex interplay of factors influencing both currencies. The U.S. dollar (USD) has recently demonstrated strength, buoyed by hopes surrounding new trade deals and a reduction in anticipated interest rate cuts from the Federal Reserve. Analysts have noted that any disappointment regarding the scope of these trade agreements could pose challenges for the dollar in the short term.

The USD remains a key player in the currency market, being the world’s most traded currency and a crucial component of global reserves. Its strength is closely tied to U.S. monetary policy, with higher interest rates attracting investment and boosting its value. Amid economic uncertainty and geopolitical tensions, the dollar often acts as a safe-haven asset, leading to increased demand for USD assets like Treasury bonds during market volatility.

Conversely, the Israeli shekel (ILS) has faced significant pressures, particularly following the escalation of conflicts in the region. The recent imposition of a 17% reciprocal tariff on Israeli goods by the U.S. further complicates the ILS's position. On October 7, the shekel fell to its lowest value against the USD in nearly eight years, influenced by heightened geopolitical risks stemming from the ongoing conflict involving Hamas. In an attempt to stabilize the currency, the Bank of Israel has intervened in the foreign exchange market for the first time, highlighting the severity of the situation.

Current USD to ILS trading data reflects notable volatility, with the USD currently positioned at 3.3427, which is 5.7% below its three-month average of 3.5466, and the pair has fluctuated between 3.3387 and 3.8188 over this period. This volatility underscores the impact of both domestic and international factors affecting exchange rates.

Moving forward, Economic indicators, Fed policies, and developments in the Israel-Palestine conflict will be pivotal in determining future movements in the USD to ILS exchange rate. Investors and businesses engaging in international transactions should closely monitor these elements to make informed decisions regarding currency conversions.

 

US dollar to Israeli new sheqel - USD/ILS Trend

 
USD to ILS at 3.3427 is 5.7% below its 3-month average of 3.5466, having traded in a rather volatile 14.4% range from 3.3387 to 3.8188
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1 USD =
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Top ILS Rates


Israeli new sheqel to US dollar
ILSUSD 90 day chart

ILS to USD at 0.2992 is 6.0% above its 3-month average of 0.2822, having traded in a rather volatile 14.4% range from 0.2619 to 0.2995
ILS to USD
0.2992

Israeli new sheqel to Euro
ILS to EUR at 0.2548 is 3.1% above its 3-month average of 0.2472, having traded in a fairly volatile 9.1% range from 0.2342 to 0.2555
ILS to EUR
0.2547
+0.3%

Israeli new sheqel to Canadian dollar
ILS to CAD at 0.4088 is 5.1% above its 3-month average of 0.389, having traded in a quite volatile 11.0% range from 0.3687 to 0.4094
ILS to CAD
0.4082
+0.4%

Israeli new sheqel to British pound
ILS to GBP at 0.2195 is 4.4% above its 3-month average of 0.2103, having traded in a fairly volatile 9.2% range from 0.2015 to 0.2200
ILS to GBP
0.2194
+0.2%

Israeli new sheqel to Indian rupee
ILSINR 90 day chart

ILS to INR is at 90-day highs near 25.70, 6.4% above its 3-month average of 24.16, having traded in a rather volatile 13.9% range from 22.56 to 25.70
ILS to INR
25.66
+0.1%
90d-highs

Israeli new sheqel to Japanese yen
ILS to JPY at 43.66 is 7.2% above its 3-month average of 40.74, having traded in a very volatile 15.1% range from 37.98 to 43.70
ILS to JPY
43.66
+1.0%

Israeli new sheqel to Australian dollar
ILS to AUD at 0.4596 is 4.9% above its 3-month average of 0.438, having traded in a fairly volatile 9.7% range from 0.4203 to 0.4610
ILS to AUD
0.4572
+0.7%

Israeli new sheqel to Singapore dollar
ILS to SGD at 0.3826 is 4.7% above its 3-month average of 0.3653, having traded in a fairly volatile 9.2% range from 0.3508 to 0.3829
ILS to SGD
0.3821
+0.4%

Israeli new sheqel to Chinese yuan
ILS to CNY is at 90-day highs near 2.1467, 5.3% above its 3-month average of 2.0382, having traded in a quite volatile 11.5% range from 1.9247 to 2.1467
ILS to CNY
2.1455
+0.1%
90d-highs