Dollar Edges Up in Market Trading, Down in Official Bank of Israel Fix
Translated & summarized from Al-Shams by baba
The U.S. dollar closed at 3.1117 shekels in market trading on Friday, October 16, 2026, up 0.52%, while the Bank of Israel's official rate for the day was 3.089 shekels, down 0.451%. Most other major currencies also saw declines against the shekel in the official fix, except for the Swiss Franc and British Pound. Banks and exchange bureaus will set their own rates based on these figures. The Bank of Israel will issue its next official rate on the next business day.
The story in 6 lines · by baba
- The U.S. dollar closed at 3.1117 shekels in market trading on Friday, October 16, 2026.
- The Bank of Israel's official representative rate for the dollar on October 16, 2026, was 3.089 shekels.
- Most currencies declined against the shekel in the Bank of Israel's official fix on Friday.
- The Japanese Yen was the biggest loser, falling approximately 0.55% against the shekel.
- The Swiss Franc and British Pound were among the few currencies to gain against the shekel.
- Banks and exchange bureaus will apply their own rates above the official and market prices.
The U.S. dollar traded at 3.1117 shekels in the foreign exchange market at the close of trading on Friday, October 16, 2026, a 0.52% increase from the previous closing price, according to Investing.com data. In contrast, the official representative rate set by the Bank of Israel for the same day was 3.089 shekels, marking a 0.451% decrease. This difference arises because the official rate is published once daily, while market rates fluctuate throughout the trading session. The article notes a gap of approximately 0.023 shekels between the two figures. Live market prices for the Euro and British Pound were unavailable on Friday morning, so their representative rates were used instead. The Bank of Israel's representative rates for other currencies on October 16, 2026, with their daily changes, were: the Euro at 3.4769 shekels (-0.052%), the British Pound at 4.1194 shekels (+0.173%), the Jordanian Dinar at 4.3567 shekels (-0.45%), the Swiss Franc at 3.7528 shekels (+0.42%), the Japanese Yen (per 100 Yen) at 1.9557 shekels (-0.549%), the Canadian Dollar at 2.1817 shekels (-0.114%), and the Egyptian Pound at 0.0578 shekels (-0.173%). Most currencies declined against the shekel in Friday's official fix, with the Japanese Yen experiencing the largest drop at approximately 0.55%. The Swiss Franc saw a rise of 0.42%, and the British Pound increased by 0.17%. Banks and exchange bureaus apply their own rates, which may differ from the official and market prices. The Bank of Israel does not issue an official rate on Saturdays or holidays, with the next rate expected on the following business day.
