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shekel-dollar exchange rate

Construction of train tracks for the Tel Aviv Light Rail, on Allenby street in Tel Aviv. June 14, 2026 (Miriam Alster/Flash90)
Real Estate Israel
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Global antisemitism surge drives some Diaspora investors
Stronger shekel reshapes housing market as foreign buyers lose purchasing power
By Zev Stub
As currency surge raises effective prices for overseas investors, buyers are adjusting plans, turning to newer developments and speculative financing plans
Fiverr employees at work in its Tel Aviv offices, August 6, 2017 (Shoshanna Solomon/Times of Israel)
July 3, 2026, 12:53 am
Strong shekel makes Israeli tech workers pricier than their US counterparts, study shows
Lobby of Israeli tech firms warns that local tech talent is losing its competitive edge, as higher salary costs due to the strong shekel threaten to drive out future innovation
By Sharon Wrobel
Finance Minister Bezalel Smotrich presents an assistance program to support Israel's technology and export sectors, Jerusalem, June 30, 2026. (Finance Ministry Spokesperson)
June 30, 2026, 6:53 pm
Israel rolls out NIS 1.6 billion aid plan for tech sector hit by rapid shekel surge
Government says program will help extend eroded financial runway of startups and export companies and enable them to maintain and expand their R&D centers and operations in Israel
By Sharon Wrobel
Illustrative: Finance Minister Bezalel Smotrich addresses the Knesset on January 28, 2026. (Sam Sokol/Times of Israel)
June 25, 2026, 8:20 pm
Smotrich vows long-sought assistance plan for Israeli tech harmed by strong shekel
Amid wave of layoffs and fears that multinationals and local tech will relocate abroad, government set to propose package to help mitigate financial damage created by shekel spike
By Sharon Wrobel
Tel Aviv, June 22, 2026. (Miriam Alster/ FLASH90)
June 22, 2026, 8:34 pm
Investors sour on Israel as US moves to end fighting, blunting market’s wartime gains
As stocks rise across the globe on news of war with Iran ending, Tel Aviv sees sharp declines amid waning confidence in prospect of new Mideast and improved geopolitical landscape
By Sharon Wrobel
Illustrative: Offices of the Jerusalem Venture Partners tech investment firm in Jerusalem, February 18, 2019. (Hadas Parush/ Flash90)
June 10, 2026, 8:55 pm
Despite war, Israeli startups snag $8.6 billion, as strong shekel cuts cash runway
Although fundraising by local tech jumped 45% this year, it was invested in fewer companies, mostly cyber and AI; startups hire abroad as shekel fuels costs, according to new report
By Sharon Wrobel
A view of the Tel Aviv Stock Exchange on November 29, 2020. (Miriam Alster/FLASH90)
June 8, 2026, 12:38 pm
Tel Aviv shares drop, shekel recedes against dollar as fighting with Iran resumes
Crude prices jump over 4%, compounding dips in European and Asian markets, as financial and insurance indices lead losses on Tel Aviv Stock Exchange
By Sharon Wrobel and Agencies
Illustrative: New Israeli shekel bills, September 24, 2023. (Hadar Youavian/ Flash90)
June 7, 2026, 4:11 pm
In first since 2022, Bank of Israel buys foreign currency to stem sharp shekel gain
Central bank purchases $801 million after shekel reached a 33-year peak against the dollar, raising fears of tech firm layoffs and relocations to cheaper markets
By Sharon Wrobel
Illustrative: View of the Pazkar Factory near Afula, October 14, 2024 (Michael Giladi/Flash90)
June 4, 2026, 8:00 pm
Strong shekel squeezes value of export sales, as industry warns of damage to economy
In the first few months of 2026, local export revenue shrank by more than NIS 6.5 billion due to the sharp rise in the shekel’s value against the dollar
By Sharon Wrobel
Finance Minister Bezalel Smotrich attends a Finance Committee meeting at the Knesset in Jerusalem on May 26, 2026. (Yonatan Sindel/Flash90)
June 3, 2026, 9:57 pm
Smotrich instructs ministry to build task force to help tech firms with shekel surge
Amid wave of mass layoffs, Finance Ministry officials meet with tech reps, insist that government won’t directly intervene to stabilize currency and instead look to limit damage
By ToI Staff
Illustrative image of a Wix-made app. (Courtesy/Wix)
May 29, 2026, 12:22 am
Major Israeli tech firms commence sweeping layoffs as AI revolution roils industry
Israeli website builder Wix cuts 20% of global staff as strong shekel fuels costs amid shift to ‘AI-native ways of working,’ with fintech firm Rapyd and software firm Amdocs following suit
By Sharon Wrobel
Illustrative: Americans outside the Israel Museum wait for a glimpse of President Donald Trump's motorcade on May 22, 2017. (Melanie Lidman/Times of Israel)
May 27, 2026, 3:16 am
A stronger shekel has become a pressing problem for Americans building lives in Israel
Drop in purchasing power hits expats who’ve maintained financial ties to the US, while weakened dollar also affects exporters and nonprofits, who receive much of their funding from abroad
By Theia Chatelle
Governor of the Bank of Israel Amir Yaron speaks during a press conference at the Finance Ministry in Jerusalem on August 6, 2025. (Yonatan Sindel/ Flash90)
May 25, 2026, 9:57 pm
Bank of Israel cuts borrowing costs, while flagging geopolitical risks
Local manufacturers attack Governor Yaron for doing too little, too late, as the mighty shekel hurts competitiveness and profitability of exporters
By Sharon Wrobel
Illustrative photo of a shekel and a US hundred dollar bill, April 13, 2026. (Nati Shohat/Flash90)
May 8, 2026, 10:29 am
Shekel hits 33-year-peak, hammering exports, yet policymakers are insistently inactive
The strength of Israel’s currency is forcing exporters and startups to make tough decisions about hiring abroad and moving R&D centers out of Israel, stirring fears about future growth
By Sharon Wrobel
A. Grebelsky & Son Jerusalem limestone factory at the Har Tuv industrial zone near Beit Shemesh. (Courtesy)
April 26, 2026, 4:19 pm
Brawny shekel threatens to knock out exporters, tech firms dependent on almighty dollar
As exchange rate dives below NIS 3 to the greenback, companies paid in US currency say without government help they will have to cut costs, fire workers and could move elsewhere
By Sharon Wrobel
Illustrative: New Israeli shekel bills, September 24, 2023. (Hadar Youavian/ Flash90)
April 15, 2026, 10:47 pm
Shekel breaks below 3 to the dollar in first since 1995; exporters warn of economy risk
Currency’s strength reflects optimism over an Iran deal and Lebanon truce; Bank of Israel not seen intervening in the market, hurting exports
By Sharon Wrobel
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