Monetary Aggregates and Their Components: Narrow Money and Components: M1 and Components: M1 for Israel
New Israeli Sheqel, Annual, Not Seasonally Adjusted
MANMM101ILA189N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
614,530,299,093.37
Year-over-Year Change
435.90%
Date Range
1/1/1981 - 1/1/2022
Summary
The 'New Israeli Sheqel, Annual, Not Seasonally Adjusted' trend measures the annual exchange rate of the Israeli shekel against the U.S. dollar. This metric is crucial for economists and policymakers to understand Israel's international trade and competitiveness.
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 exchange rate reflects the value of the Israeli currency relative to the U.S. dollar on an annual basis. This data series is used to analyze Israel's economic performance, import/export dynamics, and the shekel's purchasing power on global markets.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates.
Historical Context
The shekel exchange rate is a key indicator monitored by the Bank of Israel, international investors, and trade partners to assess the country's economic conditions.
Key Facts
- The shekel has appreciated over 30% against the U.S. dollar since 2010.
- Israel's current account surplus reached a record high of 5% of GDP in 2021.
- The Bank of Israel intervenes in currency markets to moderate exchange rate volatility.
FAQs
Q: What does this economic trend measure?
A: The 'New Israeli Sheqel, Annual, Not Seasonally Adjusted' measures the yearly average exchange rate between the Israeli shekel and the U.S. dollar.
Q: Why is this trend relevant for users or analysts?
A: The shekel exchange rate is a crucial indicator for assessing Israel's international trade, economic competitiveness, and the purchasing power of its currency.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates.
Q: How is this trend used in economic policy?
A: The shekel exchange rate is closely monitored by the Bank of Israel, international investors, and trade partners to evaluate Israel's economic conditions and guide policy decisions.
Q: Are there update delays or limitations?
A: The data is reported on an annual basis with no significant update delays, providing a reliable long-term view of the shekel's exchange rate.
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Citation
U.S. Federal Reserve, New Israeli Sheqel, Annual, Not Seasonally Adjusted (MANMM101ILA189N), retrieved from FRED.