The representative dollar was set at 3.047 shekels
The representative dollar rises 0.99% and its rate was set at 3.047 shekels. The representative euro rises 0.70% and closed at a representative rate of 3.466 shekels
Assessment
The Israeli shekel is weakening significantly against major currencies, with the dollar crossing the 3.047 mark after a near 1 percent jump. This is a meaningful move for importers paying in dollars and for Israelis traveling abroad, whose purchasing power just took a hit. Watch for whether the central bank intervenes or adjusts its interest rate stance if the trend continues.