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