ILS/GBP: what to know
The ILS/GBP rate shows how much GBP you get for 1 ILS. Right now, 1 ILS buys 0.2439 GBP at the mid-market rate. In the other direction, 1 GBP is worth 4.0993 ILS.
In the short term ILS is driven mainly by the tech sector and geopolitics, while GBP responds to Bank of England policy and the UK 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 British Pound (GBP) is issued by Bank of England. The pound sterling has been in use for over 1,200 years.
Over the past 12 months the ILS/GBP rate has ranged between 0.2192 and 0.2654 — a change of +10.59% 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.