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.
Shekel Reaches 30-Month High Against Dollar Amid Geopolitical Developments
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This marks a significant appreciation of the shekel, which has strengthened by 4.87% over the past month and 9.06% over the last year. Analysts attribute this rise to a reduction in Israel’s risk premium amid recent geopolitical developments, particularly concerning Iran, as well as a robust performance in the local stock market. The shekel has appreciated by 3% since the onset of the conflict with Iran, leading some experts to predict further strengthening, potentially reaching around 3.0 ILS per USD.
