Dollar Surges Against Shekel to 3.074 in Bank of Israel Representative Rate
Translated & summarized from Al-Shams by baba
The Bank of Israel's representative exchange rate for the U.S. dollar increased by 0.688% to 3.074 shekels on Wednesday, October 7, 2026. This official rate is set daily, differing from the fluctuating market rate. Several other major currencies also saw their values rise against the shekel, with the Canadian Dollar experiencing the most significant gain. Banks and exchange bureaus will use these rates as a basis for their own customer-facing prices.
The story in 6 lines · by baba
- The U.S. dollar's representative rate against the Israeli shekel rose to 3.074 on October 7, 2026.
- This marked a 0.688% increase in the dollar's value compared to the previous day.
- The Bank of Israel sets one official representative rate daily.
- All listed currencies, including the Euro and Pound, strengthened against the shekel.
- The Canadian Dollar saw the largest increase among the currencies listed.
- Banks and exchange offices will apply their own rates above the official figures.
The representative exchange rate for the U.S. dollar, set by the Bank of Israel, rose to 3.074 shekels on Wednesday, October 7, 2026, marking a 0.688% increase from the previous day. This official rate is published once daily, distinct from the market rate which fluctuates throughout trading sessions. The market rate for the dollar was last recorded at 3.0666 shekels at 10:39 PM on Wednesday, according to Investing.com. Live market prices for the Euro and British Pound were unavailable on Wednesday morning. Other representative currency rates from the Bank of Israel on October 7, 2026, included the Euro at 3.4361 shekels (+0.111%), the British Pound at 4.0591 shekels (+0.371%), the Jordanian Dinar at 4.3353 shekels (+0.692%), the Swiss Franc at 3.6952 shekels (+0.654%), 100 Japanese Yen at 1.9413 shekels (+0.606%), the Canadian Dollar at 2.1582 shekels (+0.926%), and the Egyptian Pound at 0.0587 shekels (+0.686%). All listed currencies strengthened against the shekel in the previous day's trading, with the Canadian Dollar showing the largest increase. Banks and exchange offices apply their own rates above these official figures, with separate buy and sell prices. The next representative rate will be issued on the following business day, excluding Saturdays and holidays.
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