answersLogoWhite

0

1. Stong israeli export economy

2. Large fields of natural gas were found in Israel and foreign investors increased the flows of funds (in that process they purchase shekels to invest in Israeli oil companies and thus drive the value of shekel up)

3. Bank of Israel tried to intervene and purchase $$ in the market thus trying to boost up the dollar. Without this shekel value would increase even more...

User Avatar

Wiki User

14y ago

What else can I help you with?