ILS/CHF: what to know
The ILS/CHF rate shows how much CHF you get for 1 ILS. Right now, 1 ILS buys 0.2694 CHF at the mid-market rate. In the other direction, 1 CHF is worth 3.7123 ILS.
In the short term ILS is driven mainly by the tech sector and geopolitics, while CHF responds to safe-haven demand and SNB policy.
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 Swiss Franc (CHF) is issued by Swiss National Bank (SNB). In uncertain times investors park money in the franc to preserve value.
Over the past 12 months the ILS/CHF rate has ranged between 0.2354 and 0.2788 — a change of +12.24% 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.