ILS Market Update
18 May 2026 • 00:35 GMT
The Israeli shekel (ILS) has experienced notable moves against major currencies recently. against the US dollar, ILS is now near 7-day lows at around 0.3425, which is about 4.3% higher than its three-month average of 0.3283. The ILS has traded within a volatile range of 9.1%, from 0.3159 to 0.3447, reflecting ongoing market swings. Strength against the US dollar is partly driven by regional dynamics, including geopolitics and recent improvements in Israel’s economic outlook.
Similarly, the shekel has strengthened against the euro and the Australian dollar, trading at 0.2949 and 0.4805 respectively—about 4.8% and 3.6% above their three-month averages. Meanwhile, against the British pound, the shekel has reached 90-day highs near 0.2574, up by over 5% from its average, showing solid recent gains.
Overall, the shekel’s current strength appears tied to regional economic factors and regional geopolitical developments, alongside domestic policy signals. Traders should watch for regional stability updates and economic data that could influence the shekel’s direction in the near term.
