Israeli shekel emerges as world’s 2nd-strongest currency


(Israel Hayom/Exclusive to The Israeli shekel is currently the world’s second-strongest currency, according to a new report by the German global banking and financial services company Deutsche Bank. 

Shekel coins. Credit: Wikimedia Commons.

The report ranked China’s yuan as the world’s strongest currency.

Deutsche Bank’s strategic foreign currency analyst Dr. Gautam Kalani reported that during the past 12 months, the shekel has appreciated 6.1 percent against the currencies of Israel’s main trading partners, such as the U.S. dollar, the British pound, the euro and the yen.

Posted on November 8, 2017 .