JPY/ILS: what to know
The JPY/ILS rate shows how much ILS you get for 1 JPY. Right now, 1 JPY buys 0.0198 ILS at the mid-market rate. In the other direction, 1 ILS is worth 50.5517 JPY.
In the short term JPY is driven mainly by Bank of Japan policy and global risk appetite, while ILS responds to the tech sector and geopolitics.
The Japanese Yen (JPY) is issued by Bank of Japan. “Yen” literally means “round object”. 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.
Over the past 12 months the JPY/ILS rate has ranged between 0.0176 and 0.0228 — a change of -13.06% 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.