The Israeli shekel strengthened against major currencies in afternoon trading Monday, with the Bank of Israel fixing the representative dollar rate at 3.048 shekels, down 0.07%, and the euro at 3.485 shekels, down 0.16%, according to financial reporter Lior Bakalo (N12).
The representative rates reflect the Bank of Israel's daily fixing, based on mid-afternoon trading. The shekel has been volatile in recent weeks against the backdrop of the regional security situation, with the dollar fluctuating between approximately 2.96 and 3.05 shekels, as The Zioneer has reported in prior bulletins. Monday's strengthening moves the dollar away from the 3.05 level seen in recent sessions. The market will continue to watch for geopolitical developments that may affect the currency.
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