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Ongoing Story· Day 41

Dollar Surges to 3.03 Shekels Amid Iran Tensions and Interest Rate Cut

15 developments

Al-ShamsEconomy

Dollar Exchange Rate Rises Against Shekel on Monday Morning

Translated & summarized from Al-Shams by baba

CommunityNeutral tone

Arabic · Sole source

The dollar's market exchange rate climbed to 3.0648 shekels on Monday, October 12, 2026, a 0.15% increase from its previous close. This contrasts with the Bank of Israel's representative rate of 3.055 shekels, last fixed on October 9. The article also details the representative rates for other major currencies as of October 9, noting daily percentage changes for each.

The story in 5 lines · by baba

  • The dollar reached 3.0648 shekels in the market on Monday, October 12, 2026.
  • This represents a 0.15% increase from the previous day's closing rate.
  • The Bank of Israel's representative rate was 3.055 shekels as of Friday, October 9.
  • The market rate for the dollar fluctuated between 3.0606 and 3.0727 shekels.
  • Representative rates for other currencies like the Euro and Pound were also provided.
Dollar Exchange Rate Rises Against Shekel on Monday Morning
Editorial illustration generated by baba News, not a photograph of the event.

The dollar's exchange rate in the market rose to 3.0648 shekels on Monday morning, October 12, 2026, at 00:20, marking a 0.15% increase from the previous closing rate of 3.0601, according to Investing.com data. In contrast, the representative rate set by the Bank of Israel stood at 3.055 shekels as of the last published fixation on Friday, October 9, following a 0.94% decrease from the preceding day. The difference between the market and representative rates was approximately 0.0098 shekels. During the last trading session, the dollar fluctuated between 3.0606 and 3.0727 shekels.

Market rates for the Euro and British Pound were not available, so only their representative rates are provided. The Bank of Israel's representative rates from October 9, 2026, with daily changes, are as follows: US Dollar at 3.055 shekels (-0.94%), Euro at 3.4291 shekels (-0.548%), British Pound at 4.044 shekels (-0.585%), Jordanian Dinar at 4.3083 shekels (-0.938%), Swiss Franc at 3.6789 shekels (-0.519%), Japanese Yen (100 Yen) at 1.9292 shekels (-1.011%), Canadian Dollar at 2.147 shekels (-0.68%), and Egyptian Pound at 0.0583 shekels (-0.85%).

The representative rate is the official daily fixation, while the market rate fluctuates throughout the trading session. Banks and exchange offices set their own rates above these two figures. The next Bank of Israel fixation is expected on the following business day.

Al-ShamsArab · Nazareth

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