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Ongoing Story· Day 56

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

21 developments

Al-ShamsEconomy

Dollar Falls Against Shekel as Other Currencies Also Decline

Translated & summarized from Al-Shams by baba

CommunityNeutral tone

Arabic · 1 newsroom

The U.S. dollar declined to 3.0732 shekels on Tuesday, with the Bank of Israel's representative rate set at 3.078 shekels, a 1.093% drop. All major currencies, including the Euro, Pound, and Egyptian Pound, also fell against the shekel on October 26. Banks and exchange offices will set their own rates, and the next official rate is anticipated later today.

The story in 5 lines · by baba

  • The U.S. dollar fell to 3.0732 shekels on Tuesday, a 0.15% decrease.
  • The Bank of Israel's representative rate for the dollar was set at 3.078 shekels on October 26.
  • All major currencies listed, including the Euro and Pound, declined against the shekel.
  • The Egyptian Pound saw the largest drop, falling 3.186% against the shekel.
  • The Bank of Israel's next representative currency rates are expected later on Tuesday.
Dollar Falls Against Shekel as Other Currencies Also Decline
Editorial illustration generated by baba News, not a photograph of the event.

The U.S. dollar saw a slight decrease against the Israeli shekel on Tuesday, reaching 3.0732 shekels according to the latest pricing from Investing.com at 23:20. This represents a 0.15% drop, or 0.0045 shekels. Concurrently, the representative exchange rate for the dollar, published by the Bank of Israel on October 26, 2026, was set at 3.078 shekels, marking a 1.093% decrease from its previous setting. The difference between the market price and the representative rate is normal, as market prices fluctuate throughout the day while the representative rate is a single daily official fix. The previous representative rate for the dollar on Friday, October 23, was 3.0112 shekels. The Bank of Israel's representative rates for October 26 showed declines for all listed currencies against the shekel. The Euro fell to 3.4462 shekels (-1.096%), the British Pound to 4.1098 shekels (-1.264%), the Jordanian Dinar to 4.341 shekels (-1.087%), the Swiss Franc to 3.7257 shekels (-1.457%), the Japanese Yen (per 100) to 1.9557 shekels (-1.327%), the Canadian Dollar to 2.1967 shekels (-1.067%), and the Egyptian Pound to 0.0547 shekels (-3.186%). Live market rates for the Euro and Pound were unavailable. Banks and exchange bureaus will apply their own rates, which may differ from the published figures. The next representative rate from the Bank of Israel is expected later on Tuesday.

Al-ShamsArab · Nazareth

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