KRW/ILS: what to know
The KRW/ILS rate shows how much ILS you get for 1 KRW. Right now, 1 KRW buys 0.00226261 ILS at the mid-market rate. In the other direction, 1 ILS is worth 441.9675 KRW.
In the short term KRW is driven mainly by tech exports and global risk appetite, while ILS responds to the tech sector and geopolitics.
The South Korean Won (KRW) is issued by Bank of Korea. “Won” shares a root with yen and yuan, meaning “round”. 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 KRW/ILS rate has ranged between 0.00186341 and 0.00242570 — a change of -6.25% 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.