RON/ILS: what to know
The RON/ILS rate shows how much ILS you get for 1 RON. Right now, 1 RON buys 0.6695 ILS at the mid-market rate. In the other direction, 1 ILS is worth 1.4937 RON.
In the short term RON is driven mainly by regional sentiment and euro moves, while ILS responds to the tech sector and geopolitics.
The Romanian Leu (RON) is issued by National Bank of Romania. “Leu” means “lion”. 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 RON/ILS rate has ranged between 0.6223 and 0.7812 — a change of -13.35% 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.