International Merchandise Trade Statistics: Imports: Commodities for Israel
New Israeli Sheqel, Monthly, Seasonally Adjusted
XTIMVA01ILM664S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28,900,440,000.00
Year-over-Year Change
2.93%
Date Range
1/1/1980 - 7/1/2025
Summary
The New Israeli Sheqel (NIS) is the official currency of Israel. This monthly, seasonally adjusted series tracks the exchange rate between the NIS and the U.S. dollar, which is a key economic indicator for Israel's international trade and financial activities.
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 (NIS) is the national currency of Israel. This monthly, seasonally adjusted data series measures the value of the NIS against the U.S. dollar, which is an important benchmark for analyzing Israel's economic performance and global competitiveness.
Methodology
The exchange rate data is collected by the Federal Reserve from official sources and adjusted for seasonal variations.
Historical Context
Policymakers and analysts use the NIS/USD exchange rate to assess Israel's trade balance, foreign investment trends, and overall economic health.
Key Facts
- The NIS has been Israel's official currency since 1985.
- Israel's economy is heavily export-oriented, making the exchange rate crucial.
- The NIS/USD rate is monitored closely by the Bank of Israel and international investors.
FAQs
Q: What does this economic trend measure?
A: This series tracks the monthly, seasonally adjusted exchange rate between the New Israeli Sheqel (NIS) and the U.S. dollar, which is a key indicator of Israel's economic performance and global competitiveness.
Q: Why is this trend relevant for users or analysts?
A: The NIS/USD exchange rate is a crucial benchmark for assessing Israel's international trade, foreign investment, and overall economic health, making it highly relevant for policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The exchange rate data is collected by the U.S. Federal Reserve from official sources and adjusted for seasonal variations.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the NIS/USD exchange rate to evaluate Israel's trade balance, foreign investment trends, and the overall competitiveness of the Israeli economy, informing decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The NIS/USD exchange rate data is reported monthly with minimal delays, providing timely information for economic analysis and policymaking.
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Citation
U.S. Federal Reserve, New Israeli Sheqel, Monthly, Seasonally Adjusted (XTIMVA01ILM664S), retrieved from FRED.