HKD/ILS: what to know
The HKD/ILS rate shows how much ILS you get for 1 HKD. Right now, 1 HKD buys 0.3862 ILS at the mid-market rate. In the other direction, 1 ILS is worth 2.5892 HKD.
In the short term HKD is driven mainly by its peg to the US dollar, while ILS responds to the tech sector and geopolitics.
The Hong Kong Dollar (HKD) is issued by Hong Kong Monetary Authority. Most banknotes are issued by three commercial banks, not a central bank. 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 HKD/ILS rate has ranged between 0.3582 and 0.4326 — a change of -9.60% 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.