CHF/ILS: what to know
The CHF/ILS rate shows how much ILS you get for 1 CHF. Right now, 1 CHF buys 3.7123 ILS at the mid-market rate. In the other direction, 1 ILS is worth 0.2694 CHF.
In the short term CHF is driven mainly by safe-haven demand and SNB policy, while ILS responds to the tech sector and geopolitics.
The Swiss Franc (CHF) is issued by Swiss National Bank (SNB). In uncertain times investors park money in the franc to preserve value. 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 CHF/ILS rate has ranged between 3.5871 and 4.2485 — a change of -10.91% 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.