Full coverage· Economy· Updated
Dollar Surges Against Shekel to 3.074 in Bank of Israel Representative Rate
The Bank of Israel's representative exchange rate for the U.S. dollar increased by 0.688% to 3.074 shekels on Wednesday, October 7, 2026. This official rate is set daily, differing from the fluctuating market rate.
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What happened
- 01The U.S. dollar's representative rate against the Israeli shekel rose to 3.074 on October 7, 2026.
- 02This marked a 0.688% increase in the dollar's value compared to the previous day.
- 03The Bank of Israel sets one official representative rate daily.
- 04All listed currencies, including the Euro and Pound, strengthened against the shekel.
- 05The Canadian Dollar saw the largest increase among the currencies listed.
- 06Banks and exchange offices will apply their own rates above the official figures.
Several other major currencies also saw their values rise against the shekel, with the Canadian Dollar experiencing the most significant gain. Banks and exchange bureaus will use these rates as a basis for their own customer-facing prices.
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