The shekel-dollar rate falls below NIS 3/$

Ayalon Insurance & Finance SVP and investment division director Tamir Hershkowitz told “Globes” before the war, “We have seen how strong the Israeli economy and the shekel have emerged from significant events. So, as far as I’m concerned, the direction is clear – NIS below 3/$, and that will happen much faster than we think. Professor Leo Lederman, head of the IRES Research Institute at the Peres Academic Center, chief economic advisor at Bank Hapoalim and former head of the research division at the Bank of Israel, even speculated on the eve of war in Iran that this could be just the beginning. One event could bring the shekel to the level of around NIS 2/$ – the collapse of the regime in Iran. This situation would lead to massive capital flows into Israel, a sharp reduction in risk premiums, a regional boom and investment on a historic scale. ” The shekel’s recent strength is a reflection of the geopolitical situation in the Middle East, but not only that. “The risk premium for the State of Israel is also declining,” says Idit Moskovich, trading room manager at First International Bank. “The dollar is also weakening against the global currency basket, but with less strength compared to local market trends,” she adds.