Analysis of recent dollar → shekel forecasts for 2025. We collate forecasts from respected FX analysts together with the latest US dollar to Israeli new sheqel performance and trends.
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The best USD to ILS exchange rate is our partner deal rate of 3.5733 from OFX . This is -0.5% compared to the mid-market rate 3.5913.
The standard OFX USD-ILS rate is 3.4853, -3% from the mid-rate. Visit OFX here to secure the better rate.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare US dollar (USD) to Israeli new sheqel (ILS) rates from different sources before making a conversion.
The Dollar 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 USD-ILS mid-rate (see Market Data below ) and the possible savings of using various providers.
US dollar (USD) to Israeli new sheqel (ILS) market data - latest interbank exchange rate, trend, chart & historic rates.
| Date | USD/ILS | Change | Period |
|---|---|---|---|
09 May 2025 | 3.5423 | 1.5% ▲ | 2 Week |
22 Feb 2025 | 3.5665 | 0.8% ▲ | 3 Month |
23 May 2024 | 3.6739 | 2.1% ▼ | 1 Year |
24 May 2020 | 3.5311 | 1.8% ▲ | 5 Year |
26 May 2015 | 3.8836 | 7.4% ▼ | 10 Year |
28 May 2005 | 4.4007 | 18.3% ▼ | 20 Year |
Here are some popular conversion amounts for USD to ILS (US dollar to Israeli new sheqel)*.
*Converted at the current USDILS interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
Recent forecasts and market updates indicate a complex landscape for the USD to ILS exchange rate. The US dollar has been under pressure due to heightened trade uncertainties, particularly following recent announcements from President Donald Trump concerning tariffs. Analysts suggest that the USD is experiencing increased volatility due to concerns about stalled trade negotiations with major partners, which adds a layer of apprehension among investors.
Read our full review of recent USD to ILS forecasts.
There are several ways to save on exchange rates when converting US dollar to Israeli new sheqel:
Generally speaking, if you are buying Israeli new sheqel with US dollar, then it's better for the USD/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.
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 USD/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
| United States (USD) | 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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