USD/ILS: what to know
The USD/ILS rate shows how much ILS you get for 1 USD. Right now, 1 USD buys 3.0311 ILS at the mid-market rate. In the other direction, 1 ILS is worth 0.3299 USD.
In the short term USD is driven mainly by Fed policy, US growth and global risk appetite, while ILS responds to the tech sector and geopolitics.
The US Dollar (USD) is issued by Federal Reserve (Fed). Most of the world’s central-bank reserves are held in US dollars. 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 USD/ILS rate has ranged between 2.8068 and 3.3663 — a change of -8.87% 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.