The dollar was trading at 4.01 shekels shortly before noon Friday, the highest rate since 2012. The Bank of Israel reported Friday that it bought $1 billion worth of dollars last month in its currency war to make the shekel cheap and increase exports. The shekel-rate sneaked across the 4.00 level last week but quickly receded. […]
Lapid and Netanyahu have unwittingly helped exports by creating a government crisis.
It has been a one-way trip for the shekel since July, when the rate was 13 percent lower.
The higher rate is good news for Israelis with dollar accounts and for U.S. tourists.
The shekel-dollar rate continued its sudden rise Friday and was quoted at more than 3.605 shekels to the dollar for the first time a year. The rate had dropped to as low as 3.40 this summer. The Jewish Press noted last year that the rate was likely to go down to at least 3.40 if […]
How low can you get? The shekel-dollar rate sank to a 28-month low Tuesday, and a dollar now is worth only a tad more than 3.46 shekels, compared with 3.50 shekels a week ago and 3.75 a year ago. A shekel now is worth 29 cents, compared with 25 cents a year ago. That means […]
The shekel-dollar rate sank to a two-year low Wednesday, reaching to as low as under 3.56 shekels to the dollar, after President Barack Obama called off a Senate vote on giving him permission to attack Syria. One shekel now is worth slightly more than 28 cents, good news for Israelis wanting dollars but terrible for […]
One dollar bought slightly more than 3.57 shekels Monday morning as the shekel lost some of its recent strength, possibly because of the violence in Egypt, according to the Atrade foreign exchange service. The shekel also weakened against the Euro. The Israeli currency, which most analysts believe will strengthen over the long-term, was trading at […]
The American dollar’s worldwide weakness helped drive down the shekel-dollar rate to below 3.53 shekels to the dollar Thursday, the lowest level since September 2011. One shekel now is worth 28 cents. Analysts have pointed to the lack of certainty over who will replace Stanley Fischer as Governor of the Bank of Israel, but the […]