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The Israeli Shekel (ILS) operates as a free-floating currency, meaning its value is determined by the forces of supply and demand in the foreign exchange market. Unlike commodity currencies, the Israeli Shekel is not directly linked to the price of a particular commodity. Instead, its value is influenced by a variety of factors, including economic indicators, central bank policies, geopolitical events, and market sentiment. Israel boasts a strong economy, which provides support for the local currency. In terms of inflation, Israel has managed to maintain relatively low rates compared to global trends. From 1998 to 2022, inflation in Israel has generally stayed within the range of 5.8% to -6%. Even in 2022, when inflation was high globally, Israel recorded an inflation rate of 4.4%. Low inflation is important for investment decision-making, as it ensures that the purchasing power of your money remains stable over time. Considering the favorable inflation rates and the strength of the Israeli economy, the Israeli Shekel (ILS) presents a favorable currency for initiating investments and speculating on financial instruments. It's important to note that currency-related information and economic conditions can change, and it's advisable to consult up-to-date and reliable sources or financial institutions for the most accurate and current details regarding the Israeli Shekel (ILS) and its suitability for investment activities.