𝐓𝐇𝐄 𝐒𝐇𝐄𝐊𝐄𝐋 𝐈𝐍 𝐅𝐈𝐆𝐔𝐑𝐄𝐒 - May 2026

May saw the shekel extend its historic rally to its strongest level against the US dollar since 1993, with USD/ILS sliding from 2.948 to close the month at 2.811 — a further 4.6% gain.

An easing regional picture and a softer dollar kept demand for the shekel strong, while the Bank of Israel cut rates by 25bp to 3.75%. The shekel out-performed across the board — gaining on the dollar, euro, pound, and the Canadian and Australian dollars alike.

Heading into June, the big question is sustainability. With the shekel at levels unseen since the mid-1990s, a period of consolidation would be no surprise — but the calendar is busy, with CPI, another Bank of Israel meeting and the Fed's decision all in view.

Check out the full breakdown in this month's review 👇

#Shekel #ForeignExchange #Israel #Aliyah #CurrencyExchange #IsraTransfer

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