Shekel Reaches 30-Month High Against Dollar Amid Geopolitical Developments
Main Idea
The shekel has reached a 30-month high against the US dollar, with the exchange rate at approximately 3.327 ILS per USD as of July 9, 2025, attributed to geopolitical developments and other factors.
Key Points
1. The shekel's exchange rate is approximately 3.327 ILS per USD as of July 9, 2025, marking a 30-month high since January 2023.
2. The shekel has appreciated by 4.87% over the past month and 9.06% over the last year.
3. Analysts attribute the shekel's strength to geopolitical developments and other factors, with potential for further appreciation to around 3.0 ILS per USD.
Description
The Israeli new shekel has reached its strongest level against the US dollar in over 30 months, specifically since January 2023, with the current exchange rate at approximately 3.327 ILS per USD as of July 9, 2025. This marks a significant appreciation of the shekel, which has strengthened by 4.87% over the past month and
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