New Israeli Sheqel, Annual, Seasonally Adjusted
MABMM301ILA189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
679,771,437,693.14
Year-over-Year Change
131.13%
Date Range
1/1/1983 - 1/1/2013
Summary
The New Israeli Sheqel, Annual, Seasonally Adjusted trend measures the annual value of the Israeli national currency, adjusted for seasonal variations. This metric is important for economists and policymakers to assess the strength and stability of the Israeli economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The New Israeli Sheqel (ILS) is the official currency of Israel. This annual, seasonally adjusted series tracks the nominal value of the ILS over time, providing insights into the broader economic conditions and exchange rate dynamics within Israel.
Methodology
The data is collected and calculated by the Federal Reserve based on official exchange rate information.
Historical Context
The New Israeli Sheqel trend is closely monitored by financial markets, central banks, and economic analysts to gauge Israel's macroeconomic performance and international competitiveness.
Key Facts
- The New Israeli Sheqel is the official currency of Israel since 1985.
- Israel is a major player in the global technology and innovation sectors.
- The ILS exchange rate is influenced by Israel's trade balance and capital flows.
FAQs
Q: What does this economic trend measure?
A: The New Israeli Sheqel, Annual, Seasonally Adjusted trend measures the nominal annual value of the Israeli national currency, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the strength and stability of the Israeli economy, which is important for financial markets, policymakers, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on official exchange rate information.
Q: How is this trend used in economic policy?
A: The New Israeli Sheqel trend is closely monitored by central banks, governments, and international organizations to assess Israel's macroeconomic performance and international competitiveness.
Q: Are there update delays or limitations?
A: The data is published annually and may be subject to revisions by the Federal Reserve.
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Citation
U.S. Federal Reserve, New Israeli Sheqel, Annual, Seasonally Adjusted (MABMM301ILA189S), retrieved from FRED.