W hile a stronger shekel eases the cost of imported goods and benefits Israeli travelers abroad, it’s a double-edged sword.

The shekel USDILS traded as weak as 4.006 to the dollar on Monday, breaking above four to the U.S. dollar for the first time since March 20, 2015, according to FactSet data.

The shekel dropped to its lowest value since February 2016. It declined over 2% against the dollar and continued to weaken through the U.S. morning, despite an intervention from the Israeli ...

The Bank of Israel said on Tuesday that it had spent $7.3 billion to support the shekel, which had fallen to an eight-year low after Hamas’s attack on Oct. 7.

In the modern State of Israel, in 1980 the currency became shekels (replacing the lira), and in 1985 the shekel was replaced with the New Israeli Shekel (NIS), which we use to this day.

Key Facts Since the Hamas militant group launched a barrage of attacks against Israel beginning Saturday, the shekel dropped from 3.85 against the dollar to 3.96, a 3% loss of value.

The Israeli shekel rose 8.8% from a late October low, hitting 3.72 against the dollar. It's rebound was helped by the Bank of Israel, which unloaded $7.3 billion from its reserves last month.

The shekel’s three-month risk reversals have strengthened to the tightest level against the dollar since 2021. They still signal bearish bets on the currency are more expensive than bullish ...

Israel's central bank is pushing forward with plans to issue a digital shekel, citing the need to improve the country's payment systems, but on Tuesday remained noncommittal on whether one would ...

The shekel fell 0.3% to 3.86 against the dollar as of 3:07 p.m. in London, less than 1% away from the low of 3.89 reached during the March 2020 pandemic rout. Surpassing that level would send the ...