AUD/ILS: what to know
The AUD/ILS rate shows how much ILS you get for 1 AUD. Right now, 1 AUD buys 2.1713 ILS at the mid-market rate. In the other direction, 1 ILS is worth 0.4606 AUD.
In the short term AUD is driven mainly by commodity prices and Chinese demand, while ILS responds to the tech sector and geopolitics.
The Australian Dollar (AUD) is issued by Reserve Bank of Australia. Australia pioneered polymer banknotes in 1988 — more durable and harder to counterfeit. 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.
Over the past 12 months the AUD/ILS rate has ranged between 2.0128 and 2.2337 — a change of -2.12% versus a year ago.
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.