The US dollar dropped below 3.1 shekels on Monday, a 25-year low.
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On Monday afternoon, the US currency fell 0.77% to 3.0194.
Since the end of October, the Bank of Israel has been operating new policy, and is not intervening in trading.
Bank of Israel Governor Professor Amir Yaron, like many other central bank heads around the world, is concerned about rising inflation. A strengthened shekel supports a moderation of the effects of inflation, keeping it within the goal range of 1%-3%.
Monday also saw the euro weaken by about half a percent against the shekel, dropping from 3.6 to 3.583 shekels to the euro.
