Recovery? The Dollar Fell to the Rate it was at Before the Outbreak of the War

After significant ups and downs throughout the past year, and after a significant drop in currency exchange rates and in the Israeli stock markets since the beginning of the war, the stock market and the shekel close a day of economic strengthening.

For the first time since the start of Israel's war with Hamas, and since the massacre of the seventh of October, the Israeli shekel shows a significant return to its strength, completing the stabilization of the currency's value with the fact that today (Wednesday) for the first time the exchange rate between the dollar and the shekel is lower than it was before the fighting began.

The exchange rate between the dollar and the shekel, which was 3.86 NIS per dollar as of October 7, is currently at a rate of 3.84 NIS per dollar, an exchange rate that is lower, for the first time, than before the start of the fighting in the south.

In addition to this, the Israeli stock market is also locked in moderate gains, when it seems that with the continuation of the fighting in the south, and perhaps also the belief that the Hamas organization is expected to come to an end, leads to greater confidence in the Israeli currency and the Israeli markets than was expected on the eve of the start of the war.