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Big in Japan: How much has the shekel strengthened against world currencies in 2021? - Walla! Of money

2022-01-05T11:20:08.321Z

2021 was the year of the shekel, which traded in an upward trend against almost every possible currency in the world. Who are the two coins that "overcame" him anyway - and which coin will be played against him the most?



Big in Japan: How much has the shekel strengthened against world currencies in 2021?

2021 was the year of the shekel, which traded in an upward trend against almost every possible currency in the world.

Who are the two coins that "overcame" him anyway - and which coin will be played against him the most?

Hint: The answer in the title

Walla!

Of money

05/01/2022

Wednesday, 05 January 2022, 12:34 Updated: 13:05

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The Central Bureau of Statistics today publishes a special report regarding the exchange rate of the Israeli shekel against foreign exchange rates, as of the end of 2021.



The Israeli currency strengthened against almost every other currency to which we compare, when the equation is known: high exchange rates are good for exporters. ), When in front of them are the importers - who buy goods in foreign currency but earn in shekels (and precisely the latter are now busy raising prices massively!).



And now for the CBS report:



In 2021, the shekel strengthened (average exchange rate) relative to most currencies traded in Israel. In



relation to the US dollar, the shekel strengthened by 6.6%.



Against the Japanese wine, the shekel strengthened by 9.4%.



Against the euro, the shekel strengthened by 2.6%.



In relation to the Jordanian dinar, the shekel strengthened by 6.6%.



Against the Swiss franc, the shekel strengthened by 3.7%.



In contrast, we "lost" the gold and silver medal to two Anglo-Saxon countries:



The shekel weakened against the pound sterling by 0.7%.



Against the Canadian dollar, the shekel weakened by 0.5%.

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The average exchange rate of the United States dollar in 2021 was NIS 3.2302, 6.2% lower than in 2020. The



average exchange rate of the euro was NIS 3.8237, 2.5% lower than in 2020.



The average exchange rate of the pound sterling was NIS 4.4458, higher in 0.7% compared to 2020



The average exchange rate of the Japanese wine was NIS 2.9449 (per 100 yen), 8.6% lower than in 2020.



In 2021, the US dollar weakened against most currencies

: against



the euro it weakened by 3.7%, against the pound sterling 6.9%, against the Canadian dollar by 6.6% and against the Swiss franc by 2.7%. On the other hand, the dollar strengthened against the Japanese yen by 2.7%.



Despite the annual data,

in December 2021

the shekel weakened against the US dollar by 0.4 In relation to the Japanese yen, the shekel weakened by 0.5% and against the Swiss franc by 0.5%, however, the shekel strengthened against the euro by 0.6%, against the pound sterling by 0.7% and against the Canadian dollar by 1.5%.



At the same time, it is still difficult to determine whether this is a reversal, as the exchange rate in December was affected by estimates of central bank governors' intentions around the world to update the interest rate and the Bank of Israel's purchase of foreign currency to protect exporters from crashing (mainly the dollar).

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Source: walla

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