At the height of the stock market crisis, which followed the corona plague, the dollar touched a rate of NIS 3.8620 per dollar in mid-March, as can be seen in the attached graph. Many analysts are skeptical about the Bank of Israel’s ability to reverse the weakening of the dollar against the shekel only through dollar purchases and think that without lowering interest rates to a negative interest rate, the shekel will continue to strengthen despite its weakening in recent days.
Source: Bank of Israel
You investors who want to be exposed to the dollar have the option to purchase shekel mutual funds (especially solid) in shekels that monitor the continuous dollar exchange rate (unlike the representative) and may also earn a slight excess return thanks to the interest rate on the dollar. In the case of the dollar falling against the shekel, these funds fall accordingly. It is recommended to consult an investment advisor before purchasing.