ILS/MXN: what to know
The ILS/MXN rate shows how much MXN you get for 1 ILS. Right now, 1 ILS buys 5.6000 MXN at the mid-market rate. In the other direction, 1 MXN is worth 0.1786 ILS.
In the short term ILS is driven mainly by the tech sector and geopolitics, while MXN responds to the US economy and capital flows.
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 Mexican Peso (MXN) is issued by Bank of Mexico. The Spanish-colonial peso and its “$” sign influenced the US dollar symbol.
Over the past 12 months the ILS/MXN rate has ranged between 5.4603 and 6.1776 — a change of +1.22% 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.