MXN/ILS: what to know
The MXN/ILS rate shows how much ILS you get for 1 MXN. Right now, 1 MXN buys 0.1786 ILS at the mid-market rate. In the other direction, 1 ILS is worth 5.5990 MXN.
In the short term MXN is driven mainly by the US economy and capital flows, while ILS responds to the tech sector and geopolitics.
The Mexican Peso (MXN) is issued by Bank of Mexico. The Spanish-colonial peso and its “$” sign influenced the US dollar symbol. 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 MXN/ILS rate has ranged between 0.1619 and 0.1831 — a change of -1.20% 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.