Shekel surges to 1993 peak vs dollar, amid ceasefire optimism

Israeli shekels, Jerusalem. (Orel Cohen/ Flash90)
Israeli shekels, Jerusalem. (Orel Cohen/ Flash90)

Israel’s shekel gained 1.1% to reach a 33-year high against the dollar on Wednesday, boosted by investor hopes for a US-Iran ceasefire deal.

The shekel, which has appreciated 9% so far in 2026, reached a rate of 2.90 per dollar, its strongest level since October 1993.

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