ILS/EUR: what to know
The ILS/EUR rate shows how much EUR you get for 1 ILS. Right now, 1 ILS buys 0.2844 EUR at the mid-market rate. In the other direction, 1 EUR is worth 3.5159 ILS.
In the short term ILS is driven mainly by the tech sector and geopolitics, while EUR responds to ECB policy and eurozone growth.
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 Euro (EUR) is issued by European Central Bank (ECB). The euro is the world’s second most-traded currency, after the US dollar.
Over the past 12 months the ILS/EUR rate has ranged between 0.2526 and 0.3060 — a change of +11.19% 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.