Exchange Rate

The PEAX Group presented mixed financial results with record revenues of hundreds of millions of shekels, alongside a severe impact from the exchange rate that caused an estimated loss of millions of shekels in profits.

Since the beginning of the month, the shekel has strengthened against the dollar by 3%, trading again below 3 shekels. Experts attribute this trend not to the weakness of the US dollar, but to the fundamental forces of the Israeli economy.

The Bank of Israel released foreign exchange market data for the second quarter of 2026, highlighting the shekel's appreciation and shifting activity patterns among institutional investors and non-residents.