Effective exchange rates

Information and Statistics Department

Statistics Division

Foreign Exchange Market Unit


 

 The Nominal Effective Exchange Rate: A geometric average of the shekel exchange rate vis-à-vis 24 currencies representing 31 countries—Israel’s major trading partners by proportion of trade.  The revised and previous weights appear in the table below.

 

 

The Real Effective Exchange Rate: A geometric average of the shekel exchange rate vis-à-vis 24 currencies representing 31 countries—Israel’s major trading partners by proportion of trade, adjusted by the inflation spread between Israel and those countries.

 

For more information, see 

“The effective exchange rate in Israel”, October 2015.

 

 

For series of the effective exchange rates—indices and rates of change, click here.

 

 

Notes:

1.  The exchange rate: for currencies where the Bank of Israel publishes a representative rate, the rate is the representative rate.  For the other currencies, the rates are set on international markets near the time the representative rates are set for which no representative rate is calculated in Israel.

2.   The nominal effective exchange rate is only calculated on days on which the Bank of Israel publishes representative rates.

 

 

The Nominal Effective Exchange Rate, Weights5

 

Number

Country

Currency code (ISO)

Original weight1

2009 weight²

2010 weight³

Revised weight4

Weight of exports

1

United States

USD

24.00%

24.80%

26.40%

28.70%

37.60%

*

Total Eurozone

EUR

34.80%

32.60%

26.40%

24.40%

21.70%

2

China

CNY

2.60%

5.70%

10.20%

11.50%

8.10%

3

Germany

EUR

9.90%

8.10%

7.60%

6.70%

5.10%

4

United Kingdom

GBP

6.80%

5.20%

6.00%

6.40%

9.30%

5

France

EUR

5.10%

3.90%

4.00%

4.10%

5.10%

6

Turkey

TRY

1.90%

3.90%

4.60%

3.70%

2.10%

7

Italy

EUR

5.70%

5.00%

3.90%

3.70%

2.00%

8

Netherlands

EUR

5.20%

5.40%

3.10%

3.20%

3.20%

9

Japan

JPY

5.40%

3.50%

2.30%

3.10%

2.00%

10

Russia

RUB

0.90%

1.40%

2.00%

2.70%

2.60%

11

Spain

EUR

2.50%

2.70%

2.50%

2.20%

1.60%

12

India

INR

0.90%

1.70%

2.10%

2.00%

1.90%

13

Belgium

EUR

3.30%

3.60%

1.80%

2.00%

1.60%

14

South Korea

KRW

2.40%

2.50%

2.00%

1.90%

1.70%

15

Ireland

EUR

1.40%

0.80%

1.60%

1.60%

2.20%

16

Switzerland

CHF

2.30%

3.20%

2.20%

1.60%

1.20%

17

Taiwan

TWD

2.00%

2.00%

1.50%

1.30%

1.10%

18

Canada

CAD

3.00%

1.50%

1.40%

1.30%

1.90%

19

Brazil

BRL

0.90%

1.20%

1.50%

1.30%

1.80%

20

Hong Kong

HKD

2.20%

1.70%

1.30%

1.30%

1.00%

21

Czech Republic

CZK

0.00%

0.00%

0.70%

1.10%

0.40%

22

Poland

PLN

0.40%

0.50%

0.80%

1.10%

0.70%

23

Ukraine

UAH

0.00%

0.40%

1.20%

1.10%

0.40%

24

Mexico

MXN

1.50%

0.50%

0.80%

0.90%

1.30%

25

Greece

EUR

0.60%

0.90%

0.00%

0.90%

0.90%

26

Singapore

SGD

1.50%

1.30%

1.00%

0.80%

0.80%

27

Vietnam

VND

0.00%

0.00%

0.90%

0.80%

0.30%

28

Thailand

THB

0.80%

0.70%

0.80%

0.70%

0.50%

29

Australia

AUD

0.80%

0.80%

0.80%

0.70%

1.10%

30

Sweden

SEK

1.40%

1.00%

0.80%

0.70%

0.50%

31

Hungary

HUF

0.00%

0.60%

0.50%

0.70%

0.30%

32

Cyprus

EUR

0.30%

1.00%

2.00%

33

Malaysia

MYR

1.20%

0.00%

1.20%

34

Costa Rica

CRC

0.00%

0.00%

0.40%

35

South Africa

ZAR

1.00%

0.50%

0.00%

36

Finland

EUR

0.90%

0.70%

0.00%

37

Austria

EUR

0.00%

0.60%

0.00%

38

Colombia

COP

0.00%

1.10%

0.00%

39

Argentina

ARS

0.00%

0.40%

0.00%

40

Romania

RON

0.00%

0.50%

0.00%

41

Denmark

DKK

0.60%

0.50%

0.00%


1  These weights are used for calculating the exchange rate until the end of 2008.

2  The weights used for calculating the exchange rate in 2009.

3  The weights used for recalculating the effective exchange rate from the beginning of 2010.  These weights are corrected for third-party competition.

4. The current index is a concatenated series of four baskets, the last of which was revised in 2020 and includes new weights that are used to calculate the series from the beginning of 2015.

5  When calculating the Nominal Effective Exchange Rate, the weights used were not limited to a specific number of digits past the decimal point.​

Nominal effective exchange rate weights table​