Analysis of recent loonie → shekel forecasts for 2025. We collate forecasts from respected FX analysts together with the latest Canadian dollar to Israeli new sheqel performance and trends.
The best CAD to ILS exchange rate is 2.3161 from OFX . This is -0.5% compared to the mid-market rate 2.3278.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Canadian dollar (CAD) to Israeli new sheqel (ILS) rates from different sources before making a conversion.
Looking at our comparison table the best CAD to ILS exchange rate is 2.3161 from OFX, -0.5% from the mid-market rate 2.3278. The next best rate is 2.3138 from XE, -0.6% from the mid-rate. Then Wise with 2.3053 is -0.97% from the mid-rate.
The Western Union rate is 2.3045 which is -1% from the mid-rate.
Among the banks, the TD Bank rate is 2.2236 at -4.5%, and the Royal Bank of Canada rate is 2.2189 at -4.7% compared to the mid-rate 2.3278.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.
The Loonie to Shekel comparison table above makes it easy to compare the Total Fees (both variable and fixed) you are being charged by banks and other foreign exchange providers against the latest CAD-ILS mid-rate (see Market Data below ) and the possible savings of using various providers.
Canadian dollar (CAD) to Israeli new sheqel (ILS) market data - latest interbank exchange rate, trend, chart & historic rates.
Here are some popular conversion amounts for CAD to ILS (Canadian dollar to Israeli new sheqel)*.
*Converted at the current CADILS interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
There are several ways to save on exchange rates when converting Canadian dollar to Israeli new sheqel:
Generally speaking, if you are buying Israeli new sheqel with Canadian dollar, then it's better for the CAD/ILS exchange rate to be higher.
However working against you are the fees all foreign exchange providers charge for providing their service. These fees is usually contained within the exchange rate margin (or difference to the mid-rate).
The transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.
Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.
Read our Currency guide to Israel 
— a practical currency and money guide to travel in Israel plus living and doing business with the Israeli new sheqel.
It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.
This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the Canadian dollar vs Israeli new sheqel current value is to look the CAD/ILS historic rate and change over a range of periods.
The following table looks at the change in the CAD to ILS exchange rate over periods from the previous week back to the last 10 years.
| Date | CAD/ILS | Change | Period |
|---|---|---|---|
13 Oct 2025 | 2.3426 | 0.3% ▲ | 2 Week |
29 Jul 2025 | 2.4446 | 3.9% ▼ | 3 Month |
27 Oct 2024 | 2.7297 | 14% ▼ | 1 Year |
28 Oct 2020 | 2.5605 | 8.3% ▼ | 5 Year |
30 Oct 2015 | 2.9526 | 20.4% ▼ | 10 Year |
01 Nov 2005 | 3.9407 | 40.4% ▼ | 20 Year |
It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.
To help with this you can add CAD/ILS to your personalised Rate Tracker to track and benefit from currency movements.
Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.
Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending
 Canada (CAD) | Israel (ILS) |
The cost of living in Israel is relatively high. The average monthly salary is around 4,000 NIS (approximately $1,145). The price of basic necessities such as food, transportation, and housing are all relatively expensive.
There is no one answer to this question as the expat life in Israel can be quite different depending on a person's situation. Some expats may find the transition to life in Israel to be quite easy, while others may find it to be more challenging. There are a number of different factors that can influence a person's experience, such as their reason for moving to Israel, their personal and professional networks, and their ability to speak Hebrew.
There are a few things that foreigners should be aware of when travelling to Israel. Firstly, it is important to note that Israel is a kosher country, which means that all food served must comply with Jewish dietary laws. This means that pork and shellfish are not available, and beef and chicken must be prepared according to kosher guidelines. Secondly, alcohol is only served in licensed establishments, and it is illegal to drink in public. Finally, drugs are illegal in Israel, and possession of even small amounts can result in a prison sentence.
Doing business in Israel is mostly positive. The overall atmosphere is very supportive of businesses, and the government offers many incentives for businesses to start up and grow. The biggest challenge is the language barrier, as Hebrew is the predominant language spoken in Israel.
The economy in Israel is growing at a healthy rate, with a strong focus on hi-tech and innovative industries.
Read more at our Israel (ILS) country guide
Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more
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