The shekel has experienced a sharp decline against major currencies amid heightened security and political uncertainty in Israel. Recent local developments, including high-profile dismissals and escalating tensions between military and political leaders, have contributed to the currency's volatility. Despite these short-term fluctuations, analysts maintain that the shekel is likely to strengthen again in the medium to long term, viewing the current weakness as a potential buying opportunity. Meanwhile, Israeli stock indices have also fallen, diverging from global trends, but these declines follow a period of significant gains.