SGD/ILS: what to know
The SGD/ILS rate shows how much ILS you get for 1 SGD. Right now, 1 SGD buys 2.3764 ILS at the mid-market rate. In the other direction, 1 ILS is worth 0.4208 SGD.
In the short term SGD is driven mainly by the MAS-managed currency basket, while ILS responds to the tech sector and geopolitics.
The Singapore Dollar (SGD) is issued by Monetary Authority of Singapore. The Singapore and Brunei dollars are interchangeable at par. 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 SGD/ILS rate has ranged between 2.1978 and 2.6195 — a change of -7.97% 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.