Effective exchange rates
The Nominal Effective Exchange Rate:
A geometric average of the shekel exchange rate vis-à-vis 21 currencies representing 29 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 21 currencies representing 29 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.
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The Nominal Effective Exchange Rate, Weights[6]
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|
Number |
Country |
Currency code (ISO) |
2008 weight1 |
2009 weight² |
2010 weight³ |
2015 weight4 |
2020 weight5 |
Weight of imports |
Weight of exports |
|
1 |
UNITED STATES |
USD |
24.03% |
24.79% |
26.41% |
28.73% |
26.92% |
16.78% |
36.27% |
|
* |
Total Eurozone |
EUR |
34.80% |
32.60% |
26.40% |
24.40% |
23.52% |
24.19% |
22.90% |
|
2 |
CHINA |
CNY |
2.64% |
5.65% |
10.16% |
11.54% |
14.80% |
22.13% |
8.04% |
|
3 |
GERMANY |
EUR |
9.89% |
8.11% |
7.58% |
6.68% |
5.79% |
7.49% |
4.22% |
|
4 |
UNITED KINGDOM |
GBP |
6.75% |
5.20% |
5.97% |
6.40% |
5.66% |
3.58% |
7.59% |
|
5 |
TURKEY |
TRY |
1.93% |
3.87% |
4.59% |
3.74% |
4.98% |
7.75% |
2.43% |
|
6 |
INDIA |
INR |
0.87% |
1.73% |
2.11% |
2.02% |
3.40% |
2.14% |
4.57% |
|
7 |
ITALY |
EUR |
5.66% |
4.95% |
3.86% |
3.67% |
3.20% |
4.10% |
2.37% |
|
8 |
IRELAND |
EUR |
1.43% |
0.82% |
1.58% |
1.63% |
3.06% |
2.23% |
3.82% |
|
9 |
NETHERLANDS |
EUR |
5.19% |
5.39% |
3.08% |
3.16% |
2.86% |
2.58% |
3.12% |
|
10 |
FRANCE |
EUR |
5.10% |
3.93% |
3.99% |
4.14% |
2.81% |
2.75% |
2.87% |
|
11 |
SOUTH KOREA |
KRW |
2.39% |
2.51% |
2.02% |
1.93% |
2.35% |
2.78% |
1.95% |
|
12 |
RUSSIA |
RUB |
0.92% |
1.41% |
2.03% |
2.69% |
2.12% |
2.65% |
1.63% |
|
13 |
JAPAN |
JPY |
5.42% |
3.53% |
2.32% |
3.11% |
1.98% |
2.29% |
1.70% |
|
14 |
SPAIN |
EUR |
2.46% |
2.68% |
2.52% |
2.16% |
1.99% |
2.35% |
1.66% |
|
15 |
SWITZERLAND |
CHF |
2.32% |
3.22% |
2.24% |
1.56% |
1.90% |
2.09% |
1.72% |
|
16 |
BRAZIL |
BRL |
0.89% |
1.24% |
1.55% |
1.30% |
1.65% |
1.15% |
2.11% |
|
17 |
SINGAPORE |
SGD |
1.49% |
1.32% |
0.97% |
0.84% |
1.62% |
2.04% |
1.23% |
|
18 |
TAIWAN, |
TWD |
2.04% |
1.99% |
1.48% |
1.34% |
1.63% |
1.66% |
1.60% |
|
19 |
BELGIUM |
EUR |
3.31% |
3.56% |
1.75% |
1.97% |
1.61% |
1.68% |
1.55% |
|
20 |
CANADA |
CAD |
3.02% |
1.46% |
1.43% |
1.33% |
1.40% |
0.77% |
1.98% |
|
21 |
CYPRUS |
EUR |
0.28% |
0.99% |
2.01% |
0.00% |
1.37% |
0.26% |
2.41% |
|
22 |
MEXICO |
MXN |
1.50% |
0.50% |
0.82% |
0.95% |
0.99% |
0.61% |
1.34% |
|
23 |
HONG KONG |
HKD |
2.19% |
1.74% |
1.30% |
1.26% |
0.97% |
1.23% |
0.74% |
|
24 |
POLAND |
PLN |
0.43% |
0.50% |
0.79% |
1.05% |
0.95% |
1.33% |
0.60% |
|
25 |
VIETNAM |
VND |
0.00% |
0.00% |
0.86% |
0.83% |
0.91% |
1.44% |
0.42% |
|
26 |
GREECE |
EUR |
0.59% |
0.85% |
0.00% |
0.94% |
0.82% |
0.76% |
0.88% |
|
27 |
THAILAND |
THB |
0.80% |
0.68% |
0.84% |
0.73% |
0.80% |
1.21% |
0.42% |
|
28 |
CZECH REPUBLIC |
CZK |
0.00% |
0.00% |
0.73% |
1.12% |
0.81% |
1.33% |
0.34% |
|
29 |
Romania |
RON |
0.00% |
0.00% |
0.00% |
0.00% |
0.63% |
0.85% |
0.43% |
|
30 |
HUNGARY |
HUF |
0.00% |
0.57% |
0.50% |
0.69% |
0.00% |
|
|
|
31 |
SWEDEN |
SEK |
1.39% |
1.00% |
0.81% |
0.70% |
0.00% |
|
|
|
32 |
AUSTRALIA |
AUD |
0.80% |
0.83% |
0.84% |
0.72% |
0.00% |
|
|
|
33 |
UKRAINE |
UAH |
0.00% |
0.44% |
1.23% |
1.05% |
0.00% |
|
|
|
34 |
COSTA RICA |
CRC |
0.00% |
0.00% |
0.39% |
0.00% |
0.00% |
|
|
|
35 |
MALAYSIA |
MYR |
1.18% |
0.00% |
1.25% |
0.00% |
0.00% |
|
|
|
36 |
South Africa |
ZAR |
1.00% |
0.50% |
0.00% |
0.00% |
0.00% |
|
|
|
37 |
Finland |
EUR |
0.90% |
0.70% |
0.00% |
0.00% |
0.00% |
|
|
|
38 |
Austria |
EUR |
0.00% |
0.60% |
0.00% |
0.00% |
0.00% |
|
|
|
39 |
Colombia |
COP |
0.00% |
1.10% |
0.00% |
0.00% |
0.00% |
|
|
|
40 |
Argentina |
ARS |
0.00% |
0.40% |
0.00% |
0.00% |
0.00% |
|
|
|
41 |
Denmark |
DKK |
0.60% |
0.50% |
0.00% |
0.00% |
0.00% |
|
|
|
42 |
Philippines |
PHP |
0.60% |
0.40% |
0.00% |
0.00% |
0.00% |
|
|
- These weights are used for calculating the exchange rate until the end of 2008.
- The weights used for calculating the exchange rate in 2009.
-
The weights used for recalculating the effective exchange rate from the beginning of 2010 to the end of 2014. These weights are corrected for third-party competition.
-
The weights used for recalculating the effective exchange rate from the beginning of 2015 to the end of 2019. These weights are corrected for third-party competition.
-
. The weights used for recalculating the effective exchange rate from the beginning of 2020. These weights are corrected for third-party competition.
- When calculating the Nominal Effective Exchange Rate, the weights used were not limited to a specific number of digits past the decimal point.