Monetary Aggregates and Their Components: Narrow Money and Components: M1 and Components: M1 for Israel
New Israeli Sheqel, Quarterly, Not Seasonally Adjusted
MANMM101ILQ189N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
519,328,957,773.45
Year-over-Year Change
-3.66%
Date Range
4/1/1981 - 7/1/2023
Summary
This economic trend measures the quarterly exchange rate of the New Israeli Sheqel (ILS) against the U.S. dollar, providing insights into Israel's currency valuation and international trade 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 is the official currency of Israel. Tracking its exchange rate relative to the U.S. dollar is crucial for economists and policymakers to assess Israel's economic performance, international trade dynamics, and the potential impact on inflation and consumer purchasing power.
Methodology
The data is collected and published by the U.S. Federal Reserve based on market exchange rates.
Historical Context
This trend is widely used by analysts, investors, and policymakers to monitor Israel's economic conditions and guide decision-making.
Key Facts
- The New Israeli Sheqel has been Israel's official currency since 1985.
- Israel is a major trading partner of the United States.
- The exchange rate is an important indicator of Israel's economic competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly exchange rate of the New Israeli Sheqel (ILS) against the U.S. dollar, providing insights into Israel's currency valuation and international trade competitiveness.
Q: Why is this trend relevant for users or analysts?
A: Tracking the ILS exchange rate is crucial for economists and policymakers to assess Israel's economic performance, international trade dynamics, and the potential impact on inflation and consumer purchasing power.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Federal Reserve based on market exchange rates.
Q: How is this trend used in economic policy?
A: This trend is widely used by analysts, investors, and policymakers to monitor Israel's economic conditions and guide decision-making.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with potential for minor delays in data availability.
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Citation
U.S. Federal Reserve, New Israeli Sheqel, Quarterly, Not Seasonally Adjusted (MANMM101ILQ189N), retrieved from FRED.