Information and
Statistics Department
Statistics Division
Foreign Exchange
Market and Direct Reporting Unit
The Nominal Effective Exchange Rate: A geometric average of the
shekel exchange rate vis-à-vis 26 currencies representing 33 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 26 currencies representing 33 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, Weights4
|
|
Number
|
Country
|
Currency
code (ISO)
|
Original
weight¹
|
Previous
weight²
|
Revised
weight³
|
Weight
of exports
|
Weight
of imports
|
|
1
|
United States
|
USD
|
24.0%
|
24.8%
|
26.4%
|
32.1%
|
20.6%
|
|
*
|
Total Eurozone
|
EUR
|
34.8%
|
32.6%
|
26.4%
|
24.7%
|
28.7%
|
|
2
|
China
|
CNY
|
2.6%
|
5.7%
|
10.2%
|
4.8%
|
15.4%
|
|
3
|
Germany
|
EUR
|
9.9%
|
8.1%
|
7.6%
|
5.6%
|
9.4%
|
|
4
|
United Kingdom
|
GBP
|
6.8%
|
5.2%
|
6.0%
|
7.7%
|
4.1%
|
|
5
|
Turkey
|
TRY
|
1.9%
|
3.9%
|
4.6%
|
4.4%
|
4.9%
|
|
6
|
France
|
EUR
|
5.1%
|
3.9%
|
4.0%
|
4.2%
|
3.4%
|
|
7
|
Italy
|
EUR
|
5.7%
|
5.0%
|
3.9%
|
2.3%
|
5.4%
|
|
8
|
Netherlands
|
EUR
|
5.2%
|
5.4%
|
3.1%
|
4.0%
|
3.1%
|
|
9
|
Spain
|
EUR
|
2.5%
|
2.7%
|
2.5%
|
2.3%
|
2.7%
|
|
10
|
Japan
|
JPY
|
5.4%
|
3.5%
|
2.3%
|
1.4%
|
2.8%
|
|
11
|
Switzerland
|
CHF
|
2.3%
|
3.2%
|
2.2%
|
2.2%
|
2.2%
|
|
12
|
India
|
INR
|
0.9%
|
1.7%
|
2.1%
|
2.0%
|
2.1%
|
|
13
|
Russia
|
RUB
|
0.9%
|
1.4%
|
2.0%
|
2.8%
|
1.3%
|
|
14
|
South Korea
|
KRW
|
2.4%
|
2.5%
|
2.0%
|
1.2%
|
2.9%
|
|
15
|
Cyprus
|
EUR
|
0.3%
|
1.0%
|
2.0%
|
3.3%
|
0.6%
|
|
16
|
Belgium
|
EUR
|
3.3%
|
3.6%
|
1.8%
|
1.6%
|
2.0%
|
|
17
|
Ireland
|
EUR
|
1.4%
|
0.8%
|
1.6%
|
1.3%
|
2.2%
|
|
18
|
Brazil
|
BRL
|
0.9%
|
1.2%
|
1.5%
|
2.0%
|
0.9%
|
|
19
|
Taiwan
|
TWD
|
2.0%
|
2.0%
|
1.5%
|
1.3%
|
1.7%
|
|
20
|
Canada
|
CAD
|
3.0%
|
1.5%
|
1.4%
|
1.2%
|
1.2%
|
|
21
|
Hong Kong
|
HKD
|
2.2%
|
1.7%
|
1.3%
|
1.3%
|
1.3%
|
|
22
|
Malaysia
|
MYR
|
1.2%
|
0.0%
|
1.2%
|
2.5%
|
0.5%
|
|
23
|
Ukraine
|
UAH
|
0.0%
|
0.4%
|
1.2%
|
0.9%
|
1.7%
|
|
24
|
Singapore
|
SGD
|
1.5%
|
1.3%
|
1.0%
|
1.4%
|
0.9%
|
|
25
|
Vietnam
|
VND
|
0.0%
|
0.0%
|
0.9%
|
1.2%
|
0.8%
|
|
26
|
Thailand
|
THB
|
0.8%
|
0.7%
|
0.8%
|
0.6%
|
1.1%
|
|
27
|
Australia
|
AUD
|
0.8%
|
0.8%
|
0.8%
|
1.1%
|
0.4%
|
|
28
|
Mexico
|
MXN
|
1.5%
|
0.5%
|
0.8%
|
0.7%
|
0.6%
|
|
29
|
Sweden
|
SEK
|
1.4%
|
1.0%
|
0.8%
|
0.4%
|
1.2%
|
|
30
|
Poland
|
PLN
|
0.4%
|
0.5%
|
0.8%
|
0.6%
|
0.9%
|
|
31
|
Czech Republic
|
CZK
|
0.0%
|
0.0%
|
0.7%
|
0.4%
|
1.1%
|
|
32
|
Hungary
|
HUF
|
0.0%
|
0.6%
|
0.5%
|
0.3%
|
0.7%
|
|
33
|
Costa Rica
|
CRC
|
0.0%
|
0.0%
|
0.4%
|
0.8%
|
0.0%
|
|
34
|
South Africa
|
ZAR
|
1.0%
|
0.5%
|
|
|
|
|
35
|
Greece
|
EUR
|
0.6%
|
0.9%
|
|
|
|
|
36
|
Finland
|
EUR
|
0.9%
|
0.7%
|
|
|
|
|
37
|
Austria
|
EUR
|
0.0%
|
0.6%
|
|
|
|
|
38
|
Colombia
|
COP
|
0.0%
|
1.1%
|
|
|
|
|
39
|
Argentina
|
ARS
|
0.0%
|
0.4%
|
|
|
|
|
40
|
Romania
|
RON
|
0.0%
|
0.5%
|
|
|
|
|
41
|
Denmark
|
DKK
|
0.6%
|
0.5%
|
|
|
|
|
42
|
Philippines
|
PHP
|
0.6%
|
0.4%
|
|
|
|
1 These weights are used for calculating the exchange
rate until the end of 2008.
2 The weights previous to the revised weight, used
for calculating the exchange rate in 2009.
3 The revised weights are
used for recalculating the effective exchange rate from the beginning of 2010. These weights are corrected for
third-party competition.
4 When calculating the
Nominal Effective Exchange Rate, the weights used were not limited to a
specific number of digits past the decimal point.