The Shekel's Rise and the Yen's Fall: A Tale of Two Cities' Cost of Living The recent Deutsche Bank report highlighting the stark contrast in cost of living between Tel Aviv and Tokyo has left many wondering what drives such divergent trends.
While Tel Aviv is now the world's most expensive city to buy McDonald's, with a McMeal costing $20. 90, Tokyo is a relative bargain, thanks to Japan's weakened yen.
The strong shekel in Tel Aviv can be attributed to Israel's robust domestic tech and defense industries, which have led to supply disruptions and a significant appreciation of the currency.