The Israeli shekel weakened against the dollar Friday, with the Bank of Israel fixing the representative rate at 3.05 shekels — the highest level since last April, according to N12 financial reporter Yuval Shadeh. The move comes amid the ongoing US-Iran conflict and declines in global and Israeli markets.
The shekel crossed the 3.05 threshold for the first time since April, continuing a period of volatility driven by the US-Iran confrontation. The Zioneer has reported on multiple shekel fluctuations in recent weeks, including a weakening past 3.0 in late June and a climb to 3.029 on July 7. The latest move reflects ongoing pressure from the geopolitical escalation and global market declines. The representative rate of 3.05 is the highest since April, according to N12.
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