TRY/ILS: what to know
The TRY/ILS rate shows how much ILS you get for 1 TRY. Right now, 1 TRY buys 0.0629 ILS at the mid-market rate. In the other direction, 1 ILS is worth 15.8953 TRY.
In the short term TRY is driven mainly by high inflation and central-bank policy, while ILS responds to the tech sector and geopolitics.
The Turkish Lira (TRY) is issued by Central Bank of Türkiye. In 2005 Türkiye removed six zeros: 1,000,000 old lira became 1 new lira. 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 TRY/ILS rate has ranged between 0.0612 and 0.0810 — a change of -22.61% 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.