AED/ILS: what to know
The AED/ILS rate shows how much ILS you get for 1 AED. Right now, 1 AED buys 0.8257 ILS at the mid-market rate. In the other direction, 1 ILS is worth 1.2110 AED.
In the short term AED is driven mainly by its peg to the US dollar, while ILS responds to the tech sector and geopolitics.
The UAE Dirham (AED) is issued by Central Bank of the UAE. The dirham is pegged to the US dollar. The Israeli Shekel (ILS) is issued by Bank of Israel. “Shekel” is one of the oldest names for a unit of money — mentioned in the Bible.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.