ILS/KRW: what to know
The ILS/KRW rate shows how much KRW you get for 1 ILS. Right now, 1 ILS buys 442.6074 KRW at the mid-market rate. In the other direction, 1 KRW is worth 0.00225934 ILS.
In the short term ILS is driven mainly by the tech sector and geopolitics, while KRW responds to tech exports 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 South Korean Won (KRW) is issued by Bank of Korea. “Won” shares a root with yen and yuan, meaning “round”.
Over the past 12 months the ILS/KRW rate has ranged between 412.2514 and 536.6516 — a change of +6.67% 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.