About this pair
ILS/AED: what to know
The ILS/AED rate shows how much AED you get for 1 ILS. Right now, 1 ILS buys 1.2117 AED at the mid-market rate. In the other direction, 1 AED is worth 0.8253 ILS.
In the short term ILS is driven mainly by the tech sector and geopolitics, while AED responds to its peg to 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. The UAE Dirham (AED) is issued by Central Bank of the UAE. The dirham is pegged to the US dollar.
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.