The US dollar weakened against the Shekel - fell to NIS 3.11

The US dollar weakened today (Tuesday) in foreign currency trading until it kissed a rate of NIS 3.20, the lowest since January this year. Then the Bank of Israel announced, when the dollar fell to NIS 3.11, that it would purchase $ 30 billion this year and caused a significant immediate rise in the dollar. Towards the determination of the exchange rate presented today, the Bank of Israel began to intervene in trade and bought a small amount of dollars, which immediately led to a certain increase in its exchange rate.
The representative dollar fell during the trading day to about NIS 3,202 but rose slightly at noon and its representative rate was set by the Bank of Israel at NIS 3,207, compared to NIS 3,222 last night. The representative euro exchange rate was set at NIS 3.7973, a slight decrease compared to NIS 3.7991 yesterday and the pound sterling exchange rate was set at NIS 4.4224 compared to 4.4302 yesterday.
The strengthening of the shekel is mainly due to the corona crisis that is affecting the United States and European countries, while in Israel it is estimated that the third vaccine will soon lead to a significant reduction in morbidity, which is now soaring in other countries around the world.
The decline in foreign exchange rates, especially the dollar, according to which many prices are set while you are Israelis abroad, reduces the vacation abroad for tens of thousands of Israelis and especially for those who are currently purchasing tickets, hotel rooms, rental cars and other services abroad, ahead of their upcoming vacation Planned for the holidays.
According to estimates in the economy, the Bank of Israel is expected to intervene in the coming days in foreign exchange trading in order to raise the exchange rates of foreign currencies and prevent harm and losses to Israeli manufacturers and exporters of goods and services abroad.