ILS/NOK: what to know
The ILS/NOK rate shows how much NOK you get for 1 ILS. Right now, 1 ILS buys 3.0644 NOK at the mid-market rate. In the other direction, 1 NOK is worth 0.3263 ILS.
In the short term ILS is driven mainly by the tech sector and geopolitics, while NOK responds to oil and gas 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 Norwegian Krone (NOK) is issued by Norges Bank. “Krone” means “crown”.
Over the past 12 months the ILS/NOK rate has ranged between 2.9363 and 3.3232 — a change of +3.60% 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.