ILS/BCH: what to know
The ILS/BCH rate shows how much BCH you get for 1 ILS. Right now, 1 ILS buys 0.00147033 BCH at the mid-market rate. In the other direction, 1 BCH is worth 680.1197 ILS.
In the short term ILS is driven mainly by the tech sector and geopolitics, while BCH responds to crypto-market sentiment.
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. Bitcoin Cash split from Bitcoin in 2017 to enable cheaper, faster transactions.
Over the past 12 months the ILS/BCH rate has ranged between 0.000479567 and 0.00176221 — a change of +194.67% versus a year ago.
Because this pair involves a cryptocurrency, expect much higher volatility than typical fiat pairs. 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.