RUB/ILS: what to know
The RUB/ILS rate shows how much ILS you get for 1 RUB. Right now, 1 RUB buys 0.0360 ILS at the mid-market rate. In the other direction, 1 ILS is worth 27.7947 RUB.
In the short term RUB is driven mainly by oil and gas prices and sanctions, while ILS responds to the tech sector and geopolitics.
The Russian Ruble (RUB) is issued by Bank of Russia. The ruble is one of Europe’s oldest currencies, used since the 13th century. 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.