๐๐ฌ๐ซ๐๐๐ฅโ๐ฌ ๐๐ก๐๐ค๐๐ฅ (๐๐๐) ๐ฌ๐ญ๐ซ๐๐ง๐ ๐ญ๐ก ๐ข๐ง๐ญ๐๐ซ๐ซ๐ฎ๐ฉ๐ญ๐๐
Israelโs Shekel (ILS) is the worldโs 23rd most traded currency, according to the BIS, similar to the Turkish Lira (TRY) or Czech Koruna (CZK). The new Shekel was launched in 1985 and has been freely traded since 2003.
The Shekel has a long-term history of stability and outperformance, benefitting from Israelโs current account surplus, huge FX reserves, the Bank of Israelโs long standing independence, and usually stable local politics.
The Bank of Israel has a history of actively intervening to manage this Shekel strength when necessary, given the countryโs small, open, and trade dependent economy. This is similar to the role taken by Switzerlandโs National Bank (SNB) and its Franc (CHF).
The Shekel weakened to a four-year low in Q1 with concerns on the governmentโs controversial judicial reform plans and after political attacks on the Bank of Israelโs continued interest rate hikes. A March pause on the judicial proposals saw the Shekel strengthen.
The Shekel has been added to the Etoro platform, versus the USD, EUR, and GBP.
$USDILS$EURILS$GBPILS$USDTRY$USDCZK$USDCHF$EURCHF
*Please note, this is not investment advice*... Show More Translate
