Exchange Rate in Israel
Israel - Exchange Rate (average of period)The economy shrank at a record rate in Q2, driven by plummeting private consumption and fixed investment due to the domestic lockdown. In contrast, public consumption surged amid government stimulus measures. Turning to Q3, the recovery is likely being constrained by a rise in Covid-19 cases, which forced the government to reimpose some restrictions on activity. The State of the Economy Index ticked up only marginally in July following five consecutive monthly contractions, hinting at subdued momentum. In politics, Prime Minister Benjamin Netanyahu and coalition partner Benny Gantz agreed to extend the budget approval deadline by 120 days in late August. While this averts the prospect of snap elections for now, political gridlock could hamper the recovery from the pandemic.
Israel - Exchange Rate (aop) Data
|Exchange Rate (vs USD, aop)||3.89||3.84||3.60||3.60||3.56|
5 years of economic forecasts for more than 30 economic indicators.
Israel Exchange Rate (aop) Chart
Source: Central Bank of Israel.
|Bond Yield||0.98||-1.69 %||Jan 01|
|Exchange Rate||3.46||-0.37 %||Dec 31|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
August 24, 2020
At its 24 August meeting, the Bank of Israel (BoI) left the policy rate at 0.10%, as expected. The decision was likely driven by a desire to assess the impact of past easing, which has consisted of a 15-basis-point policy cut and less conventional measures such as bond purchases, credit schemes and changes to macroprudential regulations.
August 23, 2020
The Bank of Israel’s Composite State of the Economy Index increased 0.15% month-on-month in seasonally-adjusted terms in July, which contrasted June’s 0.04% contraction.
August 19, 2020
The Purchasing Managers’ Index (PMI), produced by Bank Hapoalim and the Israeli Purchasing & Logistics Managers Association (IPLMA), increased from 45.0 in June to 49.8 in July, but remained slightly below the neutral 50-mark signaling worsening operating conditions.
August 16, 2020
GDP contracted at a quicker pace of 28.7% in seasonally-adjusted annualized terms (SAAR) in the second quarter, below the 6.8% contraction logged in the first quarter and marking the worst reading on record.
August 14, 2020
Consumer prices increased 0.20% in July over the previous month, following June's 0.10% fall.