ILS/TRY: what to know
The ILS/TRY rate shows how much TRY you get for 1 ILS. Right now, 1 ILS buys 15.9027 TRY at the mid-market rate. In the other direction, 1 TRY is worth 0.0629 ILS.
In the short term ILS is driven mainly by the tech sector and geopolitics, while TRY responds to high inflation and central-bank policy.
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 Turkish Lira (TRY) is issued by Central Bank of Türkiye. In 2005 Türkiye removed six zeros: 1,000,000 old lira became 1 new lira.
Over the past 12 months the ILS/TRY rate has ranged between 12.3443 and 16.3482 — a change of +29.21% 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.