ILS/DKK: what to know
The ILS/DKK rate shows how much DKK you get for 1 ILS. Right now, 1 ILS buys 2.1255 DKK at the mid-market rate. In the other direction, 1 DKK is worth 0.4705 ILS.
In the short term ILS is driven mainly by the tech sector and geopolitics, while DKK responds to its fixed peg to the euro.
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 Danish Krone (DKK) is issued by Danmarks Nationalbank. The Danish krone is tightly pegged to the euro within a narrow band.
Over the past 12 months the ILS/DKK rate has ranged between 1.8857 and 2.2866 — a change of +11.36% 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.