ILS/SGD: what to know
The ILS/SGD rate shows how much SGD you get for 1 ILS. Right now, 1 ILS buys 0.4208 SGD at the mid-market rate. In the other direction, 1 SGD is worth 2.3764 ILS.
In the short term ILS is driven mainly by the tech sector and geopolitics, while SGD responds to the MAS-managed currency basket.
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 Singapore Dollar (SGD) is issued by Monetary Authority of Singapore. The Singapore and Brunei dollars are interchangeable at par.
Over the past 12 months the ILS/SGD rate has ranged between 0.3818 and 0.4550 — a change of +8.65% 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.