COP/ILS: what to know
The COP/ILS rate shows how much ILS you get for 1 COP. Right now, 1 COP buys 0.000982988 ILS at the mid-market rate. In the other direction, 1 ILS is worth 1,017.31 COP.
In the short term COP is driven mainly by oil and commodity prices, while ILS responds to the tech sector and geopolitics.
The Colombian Peso (COP) is issued by Banco de la República. The 50,000-peso note features the writer Gabriel García Márquez. 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.