In 2001, the shekel-dollar exchange rate touched five shekels to one dollar.
Since then, for about 20 years, the rate of inflation in the United States has doubled the rate of inflation in Israel, and the rate of growth of the American economy has been half that in Israel. For the dollar, we are on the verge of falling from an advance of three shekels.
Looking ahead, in the next decade, the Israeli economy is expected to have at its disposal some strategic weapons that we have never known before and significant pillars of substantial growth generators.
The first is the technological revolution and Israel's being a high-tech power - no longer a start-up nation but a high-tech nation.
The economic and flow significance (foreign currency) into Israel is enormous, as is the derivative growth.
The corona in particular accelerated the process that might have taken place in 15-10 years, to a contemporary reality that will not change soon and has diverse aspects such as technology, cyber, agrotech, watertech, autotech, medical, security technology industries and more.
The second pillar is energetic independence, the fruits of which we have not yet seen substantially.
Significant tax revenues from natural gas exports in the coming years will increase and bring foreign currency in huge amounts to the state coffers.
The third pillar is the Abrahamic Agreements, the fruits of which we have not yet begun to see.
These economic and strategic agreements will lead to the realization of enormous economic potential for the State of Israel.
Added to all this is perhaps the biggest advantage of the Israeli economy - the demographic multiplier.
In ten years, Israel will be a country with more than 12 million inhabitants, and its population will be young.
This means the country's exceptional growth potential, especially in infrastructure, investment products, consumer products and more.
All of these may bring the Israeli economy into its golden decade, and bring the shekel to exchange rates that currently seem imaginary to us.
With all the risks and uncertainty along the way, we may have only just begun to see the strength of the shekel, and in the future an exchange rate of two shekels to the dollar or two shekels to one euro will certainly become a reality.
CPA Amir Eyal is the chairman of the Infiniti investment group