ILS/SEK: what to know
The ILS/SEK rate shows how much SEK you get for 1 ILS. Right now, 1 ILS buys 3.1753 SEK at the mid-market rate. In the other direction, 1 SEK is worth 0.3149 ILS.
In the short term ILS is driven mainly by the tech sector and geopolitics, while SEK responds to European growth 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 Swedish Krona (SEK) is issued by Sveriges Riksbank. “Krona” means “crown”.
Over the past 12 months the ILS/SEK rate has ranged between 2.7692 and 3.2960 — a change of +14.63% 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.