About this pair
ISK/ILS: what to know
The ISK/ILS rate shows how much ILS you get for 1 ISK. Right now, 1 ISK buys 0.0252 ILS at the mid-market rate. In the other direction, 1 ILS is worth 39.6436 ISK.
In the short term ISK is driven mainly by tourism, fishing and commodity prices, while ILS responds to the tech sector and geopolitics.
The Icelandic Krona (ISK) is issued by Central Bank of Iceland. After the 2008 crisis Iceland withdrew its cents (aurar) — only whole krónur circulate. 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.
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.