Shekel hits 30-year high against US dollar

By Sharon Wrobel

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14 April 2026, 7:48 pm

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Sharon Wrobel is a tech reporter for The Times of Israel

Illustration of New Israeli Shekels. September 24, 2023. (Hadar Youavian/FLASH90)

Israel’s shekel gains, hitting a 30-year high against the US dollar as the local currency’s strength continues to be driven by cautious optimism about a resumption of Iran talks and prospects for Lebanon talks.

The shekel is trading at NIS 3.01 to the dollar and is close to breaking its psychological barrier of NIS 3/$. It marks the shekel’s strongest value since 1995.

“There are expectations for an improvement in Israel’s geopolitical situation, along with expectations of a sharp increase in defense exports,” says Leader Capital Markets chief economist Jonathan Katz. “Meanwhile, the high-tech sector continues to raise funds abroad.”