DKK/ILS: what to know
The DKK/ILS rate shows how much ILS you get for 1 DKK. Right now, 1 DKK buys 0.4707 ILS at the mid-market rate. In the other direction, 1 ILS is worth 2.1246 DKK.
In the short term DKK is driven mainly by its fixed peg to the euro, while ILS responds to the tech sector and geopolitics.
The Danish Krone (DKK) is issued by Danmarks Nationalbank. The Danish krone is tightly pegged to the euro within a narrow band. 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 DKK/ILS rate has ranged between 0.4373 and 0.5303 — a change of -10.20% 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.