NOK/ILS: what to know
The NOK/ILS rate shows how much ILS you get for 1 NOK. Right now, 1 NOK buys 0.3263 ILS at the mid-market rate. In the other direction, 1 ILS is worth 3.0644 NOK.
In the short term NOK is driven mainly by oil and gas prices, while ILS responds to the tech sector and geopolitics.
The Norwegian Krone (NOK) is issued by Norges Bank. “Krone” means “crown”. 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 NOK/ILS rate has ranged between 0.3009 and 0.3406 — a change of -3.47% 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.