1 USD to ILS (Israeli Shekel) Exchange Rate Graph
The exchange rate between the United States Dollar (USD) and the Israeli Shekel (ILS) is an important indicator of the economic health of both countries. In this article, we will explore the 1 USD to ILS exchange rate graph and provide insights into the trends and fluctuations of this currency pair.
Historical Context
The Israeli Shekel was introduced in 1985, replacing the Israeli Pound (ILP) at a rate of 1:1000. Since then, the Shekel has become a stable currency, with a relatively low inflation rate and a strong economy.
Exchange Rate Graph
The exchange rate graph below shows the historical trend of the 1 USD to ILS exchange rate over the past 10 years:
2013-2015: Stability and Fluctuations
In 2013, the exchange rate hovered around 3.5-3.7 ILS per USD. However, with the Russian-Ukrainian conflict and the subsequent decline in oil prices, the Shekel strengthened, reaching a peak of 3.2 ILS per USD in 2015.
2016-2018: Strengthening of the Shekel
In 2016, the Shekel continued to strengthen, reaching a high of 3.1 ILS per USD. This trend was driven by Israel's strong economic growth, low inflation, and high-tech sector boom.
2019-2020: COVID-19 Pandemic and Monetary Policy
The COVID-19 pandemic led to a sharp decline in the Shekel's value, with the exchange rate reaching 3.5 ILS per USD. The Bank of Israel intervened with monetary policy measures, such as interest rate cuts and quantitative easing, to stabilize the currency.
Current Exchange Rate and Forecast
As of [current date], the 1 USD to ILS exchange rate is approximately 3.2. Analysts predict that the Shekel will continue to strengthen, driven by Israel's resilient economy and strong exports.
Conclusion
The 1 USD to ILS exchange rate graph provides valuable insights into the economic trends and fluctuations of both countries. Understanding these trends can help investors, traders, and travelers make informed decisions about their investments, trade, and travel plans.
References
- Bank of Israel. (2022). Exchange Rates. https://www.boi.org.il/en/Markets/ExchangeRates/
- World Bank. (2022). Israel Overview. https://www.worldbank.org/en/country/israel/overview
