EUR/ILS: what to know
The EUR/ILS rate shows how much ILS you get for 1 EUR. Right now, 1 EUR buys 3.5159 ILS at the mid-market rate. In the other direction, 1 ILS is worth 0.2844 EUR.
In the short term EUR is driven mainly by ECB policy and eurozone growth, while ILS responds to the tech sector and geopolitics.
The Euro (EUR) is issued by European Central Bank (ECB). The euro is the world’s second most-traded currency, after the US dollar. 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 EUR/ILS rate has ranged between 3.2682 and 3.9583 — a change of -10.07% 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.