The Israeli shekel strengthened against major currencies on Monday afternoon after the Bank of Israel corrected a technical glitch on its website and published the updated representative exchange rates. The dollar shed 0.95% to 2.907 shekels, while the euro fell 0.58% to 3.376 shekels, according to N12.
The Bank of Israel published updated representative exchange rates on Monday afternoon after resolving a technical glitch that had delayed the posting on its website. The dollar fell 0.95% to 2.907 shekels, and the euro dropped 0.58% to 3.376 shekels, according to N12. The movement marks a continuation of recent volatility: as The Zioneer has reported in recent days, the shekel has fluctuated amid the security escalation with Iran, with the dollar trading between roughly 2.93 and 2.97 shekels. Monday's fixing pushes the dollar below the 2.91 level for the first time in several days, reflecting a shekel strengthening trend. No further details on the nature or duration of the technical glitch were provided. The rates are the official fixing used for various financial contracts and institutional transactions.
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