Dollar Strengthens Against Shekel, Official Rate Rises Significantly
Translated & summarized from Al-Shams by baba
The US dollar closed at 3.118 shekels on Thursday, with a slight market increase. The Bank of Israel's official representative rate for Wednesday, October 28, 2026, was 3.128 shekels, up 1.624%. All major currencies also saw their representative rates rise against the shekel on Wednesday. The next official rate is anticipated Thursday afternoon.
The story in 5 lines · by baba
- The US dollar reached 3.118 shekels in market trading on Thursday.
- The Bank of Israel's official rate for Wednesday, October 28, 2026, was 3.128 shekels.
- The official representative rate for the dollar rose 1.624% on Wednesday.
- All major currencies saw their representative rates increase against the shekel on Wednesday.
- Banks and exchange offices will set their own rates above the official figures.
The US dollar reached 3.118 shekels in the latest market pricing from Investing.com on Thursday, marking a slight increase of 0.05%. The official representative rate set by the Bank of Israel on Wednesday, October 28, 2026, was 3.128 shekels, a substantial rise of 1.624% from the previous day's rate. This difference of approximately 0.010 shekels between the market and representative rates is considered normal, as market prices fluctuate throughout the day while the representative rate is a fixed daily official value.
On October 28, all major currencies saw their representative rates increase against the shekel. The Euro was set at 3.4801 shekels (+0.984%), the British Pound at 4.1549 shekels (+1.097%), the Jordanian Dinar at 4.4121 shekels (+1.638%), the Swiss Franc at 3.7685 shekels (+1.149%), the Japanese Yen (per 100) at 1.9809 shekels (+1.289%), the Canadian Dollar at 2.2271 shekels (+1.384%), and the Egyptian Pound at 0.0557 shekels (+1.828%). Live market rates for the Euro and Pound were unavailable.
Banks and exchange offices will apply their own rates, which may differ from the published figures. The next official representative rate from the Bank of Israel is expected later on Thursday.
