SEK/ILS: what to know
The SEK/ILS rate shows how much ILS you get for 1 SEK. Right now, 1 SEK buys 0.3124 ILS at the mid-market rate. In the other direction, 1 ILS is worth 3.2010 SEK.
In the short term SEK is driven mainly by European growth and euro moves, while ILS responds to the tech sector and geopolitics.
The Swedish Krona (SEK) is issued by Sveriges Riksbank. “Krona” 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 SEK/ILS rate has ranged between 0.3034 and 0.3611 — a change of -12.76% 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.