About this pair
MYR/ILS: what to know
The MYR/ILS rate shows how much ILS you get for 1 MYR. Right now, 1 MYR buys 0.7447 ILS at the mid-market rate. In the other direction, 1 ILS is worth 1.3428 MYR.
In the short term MYR is driven mainly by commodity prices and regional demand, while ILS responds to the tech sector and geopolitics.
The Malaysian Ringgit (MYR) is issued by Bank Negara Malaysia. “Ringgit” means “jagged”, after the milled edges of old Spanish silver dollars. 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.