CAD/ILS: what to know
The CAD/ILS rate shows how much ILS you get for 1 CAD. Right now, 1 CAD buys 2.1852 ILS at the mid-market rate. In the other direction, 1 ILS is worth 0.4576 CAD.
In the short term CAD is driven mainly by oil prices and the US economy, while ILS responds to the tech sector and geopolitics.
The Canadian Dollar (CAD) is issued by Bank of Canada. The C$1 coin is the “loonie” (after the loon bird) and the C$2 is the “toonie”. 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 CAD/ILS rate has ranged between 2.0332 and 2.4314 — a change of -8.96% 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.