ILS/HKD: what to know
The ILS/HKD rate shows how much HKD you get for 1 ILS. Right now, 1 ILS buys 2.5892 HKD at the mid-market rate. In the other direction, 1 HKD is worth 0.3862 ILS.
In the short term ILS is driven mainly by the tech sector and geopolitics, while HKD responds to its peg to the US dollar.
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 Hong Kong Dollar (HKD) is issued by Hong Kong Monetary Authority. Most banknotes are issued by three commercial banks, not a central bank.
Over the past 12 months the ILS/HKD rate has ranged between 2.3114 and 2.7916 — a change of +10.62% 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.