ILS/RON: what to know
The ILS/RON rate shows how much RON you get for 1 ILS. Right now, 1 ILS buys 1.4944 RON at the mid-market rate. In the other direction, 1 RON is worth 0.6691 ILS.
In the short term ILS is driven mainly by the tech sector and geopolitics, while RON responds to regional sentiment and euro moves.
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 Romanian Leu (RON) is issued by National Bank of Romania. “Leu” means “lion”.
Over the past 12 months the ILS/RON rate has ranged between 1.2801 and 1.6071 — a change of +15.41% 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.