GBP/ILS: what to know
The GBP/ILS rate shows how much ILS you get for 1 GBP. Right now, 1 GBP buys 4.0993 ILS at the mid-market rate. In the other direction, 1 ILS is worth 0.2439 GBP.
In the short term GBP is driven mainly by Bank of England policy and the UK economy, while ILS responds to the tech sector and geopolitics.
The British Pound (GBP) is issued by Bank of England. The pound sterling has been in use for over 1,200 years. 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 GBP/ILS rate has ranged between 3.7686 and 4.5629 — a change of -9.58% 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.