ILS/USD: what to know
The ILS/USD rate shows how much USD you get for 1 ILS. Right now, 1 ILS buys 0.3299 USD at the mid-market rate. In the other direction, 1 USD is worth 3.0311 ILS.
In the short term ILS is driven mainly by the tech sector and geopolitics, while USD responds to Fed policy, US growth and global 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 US Dollar (USD) is issued by Federal Reserve (Fed). Most of the world’s central-bank reserves are held in US dollars.
Over the past 12 months the ILS/USD rate has ranged between 0.2971 and 0.3563 — a change of +9.73% 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.