ILS/NZD: what to know
The ILS/NZD rate shows how much NZD you get for 1 ILS. Right now, 1 ILS buys 0.5674 NZD at the mid-market rate. In the other direction, 1 NZD is worth 1.7623 ILS.
In the short term ILS is driven mainly by the tech sector and geopolitics, while NZD responds to soft-commodity prices and 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 New Zealand Dollar (NZD) is issued by Reserve Bank of New Zealand. The New Zealand dollar is nicknamed the “Kiwi”, after the bird on the $1 coin.
Over the past 12 months the ILS/NZD rate has ranged between 0.4999 and 0.5992 — a change of +12.75% 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.