ILS/AUD: what to know
The ILS/AUD rate shows how much AUD you get for 1 ILS. Right now, 1 ILS buys 0.4606 AUD at the mid-market rate. In the other direction, 1 AUD is worth 2.1713 ILS.
In the short term ILS is driven mainly by the tech sector and geopolitics, while AUD responds to commodity prices and Chinese demand.
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 Australian Dollar (AUD) is issued by Reserve Bank of Australia. Australia pioneered polymer banknotes in 1988 — more durable and harder to counterfeit.
Over the past 12 months the ILS/AUD rate has ranged between 0.4477 and 0.4968 — a change of +2.17% 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.