ILS/CAD: what to know
The ILS/CAD rate shows how much CAD you get for 1 ILS. Right now, 1 ILS buys 0.4575 CAD at the mid-market rate. In the other direction, 1 CAD is worth 2.1860 ILS.
In the short term ILS is driven mainly by the tech sector and geopolitics, while CAD responds to oil prices and the US economy.
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 Canadian Dollar (CAD) is issued by Bank of Canada. The C$1 coin is the “loonie” (after the loon bird) and the C$2 is the “toonie”.
Over the past 12 months the ILS/CAD rate has ranged between 0.4113 and 0.4918 — a change of +9.85% 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.