This is the current exchange rate between the US Dollar and the Israeli Shekel:
The Israeli Shekel is one of the strongest currencies in the world. It is performing better than the US Dollar, the GBP and many other major currencies. In fact, some people see it as the #1 currency in the world!
Over the long run the Israeli economy has beaten many expectations. Thus, the Shekel is a desired investment for investors from all over the world, including hedge funds and financial institutions. Even crypto investors turn to the Shekel as a better investment than many other crypto currencies.
You can use this website as a guide how to open an account in Israel without being an Israeli resident or citizen. You can also learn about the Israeli economy as well as recent news that related to the currency exchange.
US Dollar – Israeli Shekel: Which currency is better?
The USD/ILS exchange rate hit the highest rate of over 5 Shekels to 1 Dollar in the summer of 2002. However, since then the US economy has gone downhill against the Shekel. The financial crisis in 2008 has weaken the dollar to new levels. The USD/ILS was hovering towards 3 Shekels to 1 Dollar in January 2022. That is 20 years later after the highest peak of 2022.
Since then, the war in October 2023 caused the Shekel to lose value against the USD up to 4.10 Shekels to 1 Dollar. However, it wasn’t too long before the USD/ILS hit 3.60 towards the end of 2023. That is whilst Israeli is still having a war against the Hamas!
How will it continue from here? It’s hard to say. Some people believe we are living in a period of time when the Messiah is about to come into the world. In this case the best financial investment you can have is the Israeli Shekel. However, even if you don’t believe in religion, read the articles we have about why fundamentally, investing in the Shekel is a wise decision.