ILS/JPY: what to know
The ILS/JPY rate shows how much JPY you get for 1 ILS. Right now, 1 ILS buys 50.6270 JPY at the mid-market rate. In the other direction, 1 JPY is worth 0.0198 ILS.
In the short term ILS is driven mainly by the tech sector and geopolitics, while JPY responds to Bank of Japan policy and global risk appetite.
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 Japanese Yen (JPY) is issued by Bank of Japan. “Yen” literally means “round object”.
Over the past 12 months the ILS/JPY rate has ranged between 43.7769 and 56.7443 — a change of +15.02% 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.