2024-03-15 20:36:02
Over the past 72 hours, the shekel has strengthened against other currencies.
Globes reports.
Now the US dollar against the shekel has reached 3.58 shekels, thereby setting a 9-month high, while the value of the euro against the shekel is 3.87 shekels.
Before the interest rate announcement the previous Monday, the dollar was exchanged for shekels at a rate of 3.65. Globally, the US dollar continues to show resilience, with the DXY index, which tracks its performance against a major basket of currencies, remaining unchanged recently.
The reason for the appreciation of the shekel is internal economic factors. Experts believe that the growth of the shekel is associated with the development of the situation in the domestic market.
Kobi Levy, head of market strategy at Bank Leumi, opined that changes in the exchange rate are mainly caused by the activity of a certain group of investors:
“Foreign investors are acquiring shekels while selling significant amounts of foreign currency, and this process has begun very recently. In my opinion, this is due to the interest rate, which was not lowered on Monday, which came as a surprise to investors around the world,” he added. He.
We previously wrote about how the war affected El Al’s profits.
Kursor also reported how much money Israelis spent on election day.
In addition, we recently talked about how much the Israeli economy lost due to the war in the Gaza Strip. This is the biggest drop since the start of the coronavirus pandemic in the second quarter of 2020, when the Israeli economy fell by almost 30% due to restrictions imposed.
2024-03-15 20:36:02