Israel Real Effective Exchange Rate

## What this measures

The value of Israel's currency against a broad basket of trading partners, weighted by trade and adjusted for differences in inflation. Index, 2020 = 100.

## Why it matters

A strong shekel makes Israeli exports dearer and imports cheaper; it shows how markets price Israel's risk and its technology exports.

## How to read it

Higher means a stronger currency in real terms. It read 112.6 in August 2026, up from 101.3 a year earlier; the record is 115.2 in May 2026. The series starts in 1994.

## What it does not say

It is not the rate against the dollar, and an index level has no "right" value on its own.

## Source

Bank for International Settlements, series `WS_EER/M.R.B.IL` (stats.bis.org). Palanor reads the full series every day. Source: BIS. Used under the BIS terms for statistics: reuse is unrestricted with the BIS cited as the source, and the statistics carry no additional charge in Palanor.