About this pair
BRL/ILS: what to know
The BRL/ILS rate shows how much ILS you get for 1 BRL. Right now, 1 BRL buys 0.5920 ILS at the mid-market rate. In the other direction, 1 ILS is worth 1.6893 BRL.
In the short term BRL is driven mainly by commodity prices and central-bank policy, while ILS responds to the tech sector and geopolitics.
The Brazilian Real (BRL) is issued by Central Bank of Brazil. The real was introduced in 1994 to end hyperinflation; the plural is “reais”. 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.