Dollar Falls Against Shekel in Market Trading
Translated & summarized from Al-Shams by baba
The US dollar declined to 3.0987 shekels in market trading, a 0.41% drop from its previous close. The Bank of Israel's official rate for October 16, 2026, was 3.089 shekels, down 0.451%. Market rates fluctuate daily, while the official rate is set once a day. Other currency rates against the shekel were also provided, with varying daily changes.
The story in 5 lines · by baba
- The US dollar fell to 3.0987 shekels in market trading on October 16, 2026.
- The Bank of Israel's official rate for the dollar on October 16, 2026, was 3.089 shekels.
- The dollar's market price decreased by 0.41% compared to the previous day's closing price.
- The official representative rate for the dollar showed a 0.451% decline.
- The article provided representative rates for several other currencies against the shekel.
The US dollar saw a slight decrease in the foreign exchange market, reaching 3.0987 shekels per dollar in the latest recorded price at 23:00, a 0.41% drop from the previous close, according to Investing.com data. This contrasts with the official representative rate published by the Bank of Israel for Friday, October 16, 2026, which stood at 3.089 shekels, marking a 0.451% decline. The difference between the market and official rates was approximately 0.01 shekels. The official rate is published once daily, while market prices fluctuate throughout trading sessions. Representative rates for the Euro and British Pound were not available for live market trading on the morning of the report. The article also listed the Bank of Israel's representative rates for other currencies as of October 16, 2026, including 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 (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%). The latest official rate is the last one published by the Bank of Israel before the news was written, with the next rate expected on the following business day. No official rates are issued on Saturdays or holidays. Banks and exchange offices set their own rates, which may differ from both the market and official rates.