The Shekel Appreciates 2% Against the US Dollar, Hits a 7-Year High

The Israeli currency was valued at NIS 3.4 against the U.S. dollar on Friday

CTech 15:5812.01.18

The value of Israel’s currency, the shekel, continued to go up on Friday, when it was valued at NIS 3.4 against the U.S. dollar, a seven-year high.


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The shekel decreased 2% against the euro, to a valuation of NIS 4.11 against the euro.

Shekel. Photo: Bloomberg Shekel. Photo: Bloomberg



The value of the shekel was up in 2017 as measured against most currencies traded in the country, according to a report by Israel’s government Central Bureau of Statistics published earlier this month.



In 2017, the shekel’s value went up 6.7% compared to the dollar and 4.6% compared to the euro. The shekel also appreciated by 12.3% against the British pound, 10.2% against the yen, 6.7% against the Jordanian dinar, 6.6% against the Swiss franc, and 4.5% against the Canadian dollar.


The Manufacturers Association of Israel estimates that the depreciation of the dollar cost Israeli exporters $2.3 billion in revenue in 2017.

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