About this pair
ILS/ISK: what to know
The ILS/ISK rate shows how much ISK you get for 1 ILS. Right now, 1 ILS buys 39.6436 ISK at the mid-market rate. In the other direction, 1 ISK is worth 0.0252 ILS.
In the short term ILS is driven mainly by the tech sector and geopolitics, while ISK responds to tourism, fishing and commodity prices.
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 Icelandic Krona (ISK) is issued by Central Bank of Iceland. After the 2008 crisis Iceland withdrew its cents (aurar) — only whole krónur circulate.
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.