Bank of Israel intervened in foreign exchange trading on Thursday, causing the dollar to rise

Just before the dollar exchange rate crossed the NIS 3.20 threshold for the first time since mid-January, the Bank of Israel intervened in foreign exchange trading on Thursday, causing the dollar to rise to almost NIS 3.21. A little while ago, the central bank set the representative rate of the dollar at NIS 3.2080 compared to NIS 3.2030 yesterday, leading to the rise of the exchange rate for the first time in recent days, since the US currency approached a rate of NIS 3.20.
The euro exchange rate also rose and was set at NIS 3.8022 compared to NIS 3.7843 yesterday, and the pound sterling exchange rate was set at NIS 4.4352 today and also rose compared to its exchange rate yesterday - NIS 4.4079.
The reversal of the trend and the renewed strengthening of the shekel is not good for Israelis who have decided to go abroad ahead of the holidays, after the fall in the exchange rate in recent days has reduced their dollar-denominated purchases of airline tickets, hotels, car rentals and other expenses by hundreds of shekels.
 Since the beginning of the year, the Bank of Israel has purchased a large amount of dollars in the foreign exchange market, approaching the total amount of $ 30 billion, which the Governor of the Bank of Israel, Professor Amir Yaron, undertook to purchase in the foreign exchange market throughout 2021. Recently, Governor Yaron announced Because it is possible that the Bank of Israel will purchase more than $ 30 billion this year if it deems it appropriate to do so, in order to protect Israeli exports and other reasons of the Bank of Israel.