Dollar Exchange Rate Fluctuates Against Shekel on October 8, 2026
Translated & summarized from Al-Shams by baba
On October 8, 2026, the Bank of Israel's representative dollar rate rose to 3.084 shekels, while the market rate closed lower at 3.0576 shekels. Eight major currencies, including the Euro and British Pound, also strengthened against the shekel. Banks and exchange offices will use their own rates, differing from the official figures. The representative rate is not published on weekends or holidays.
The story in 5 lines · by baba
- The Bank of Israel's representative dollar rate was 3.084 shekels on October 8, 2026.
- The market dollar rate closed at 3.0576 shekels on the same day.
- Eight major currencies strengthened against the shekel on October 8, 2026.
- The Japanese Yen saw the largest increase against the shekel.
- The representative rate is not published on Saturdays or holidays.
On Thursday, October 8, 2026, the Bank of Israel set the representative exchange rate for the U.S. dollar at 3.084 shekels, marking a 0.325% increase from the previous day. In contrast, the market rate for the dollar closed at 3.0576 shekels at 10:30 PM on Thursday, reflecting a 0.12% decrease, according to Investing.com data. The discrepancy between the representative and market rates, approximately 0.026 shekels, stems from their different measurement methodologies. The Bank of Israel publishes one official rate daily, while the market rate fluctuates throughout trading sessions.
Representative rates for other currencies against the shekel on October 8, 2026, were as follows: the Euro at 3.448 shekels (+0.346%), the British Pound at 4.0678 shekels (+0.214%), the Jordanian Dinar at 4.3491 shekels (+0.318%), the Swiss Franc at 3.6981 shekels (+0.078%), 100 Japanese Yen at 1.9489 shekels (+0.391%), the Canadian Dollar at 2.1617 shekels (+0.162%), and the Egyptian Pound at 0.0588 shekels (+0.17%).
All eight currencies listed rose against the shekel in Thursday's official setting, continuing a trend from the previous day. The Japanese Yen saw the largest increase, while the Swiss Franc had the smallest. Banks and exchange offices apply their own rates, which differ from the official ones and also vary between buying and selling prices. The representative rate is not issued on Saturdays or holidays.
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