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Name | Symbol | Market | Type |
---|---|---|---|
United States Dollar vs Israeli New Shekel | FX:USDILS | Forex | Exchange Rate |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.0045 | 0.12% | 3.7523 | 3.75112 | 3.75348 | 3.75416 | 3.73629 | 3.74785 | 0 | 16:01:54 |
The Israeli shekel extended its recent rally against the US dollar to reach a fresh 2-year high of 3.5094 on Tuesday.
The domestic currency outperformed after the Bank of Israel on Monday decided to hike interest for April by a half percentage point to 3 percent, to keep inflation firmly within the target range and to support the further economic recovery. Analysts had predicted a quarter-point hike.
Inflation in Israel rose by 0.3 percent on month and 4.2 percent on year in February, well-above the upper limit of Central bank's inflation target.
The shekel that exhibited a brief retreat after posting its fresh yearly highs against the greenback is presently trading close to 3.51, just a few pips away from its previous 2-1/2 year peak.
1 Year US Dollar vs ILS Chart |
1 Month US Dollar vs ILS Chart |
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