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Foreign Exchange Guide to Israel

Latest market mid-rate: 1.0 =

Country Code:
IL
Domestic Currency:
Israeli New Sheqel
Symbol - Code:
₪ ILS
Telephone Prefix:
+972

The domestic currency in Israel is the Israeli New Sheqel with currency code ILS. Read this foreign exchange guide to Israel and the Israeli New Sheqel with money transfer and travel tips plus Israeli New Sheqel exchange cross rates.

In this guide we review :

  1. Israeli New Sheqel info - general info about the Israeli New Sheqel
  2. Israeli New Sheqel in the markets - recent ILS moves and predictions from the FX markets
  3. Travelling in Israel - currency & money saving tips
  4. Buying Israeli New Sheqel cash online - travel money for Israel
  5. Sending money to Israel - save on Israeli New Sheqel bank transfers to Israel
  6. Israeli New Sheqel exchange rates - latest & historic exchange rates.

Israeli New Sheqel (ILS) general currency information

The addition of ‘new’ in the official name of Israel’s currency creates a distinction between the current shekel and the original (or ‘old’) shekel used between 1980 and 1985. The original shekel had been ravaged by hyperinflation and was replaced in 1986 by the ‘new’ shekel at a rate of 1000-to-1.

A single shekel is subdivided into 100 agora.

Historically, the shekel’s valuation has been at the mercy of Middle East politics. The shekel has been labelled by some a “conflict currency.”

Fortunately, hedging shekel FX risk has been made easier over the past decade by the introduction of exchange traded shekel derivatives. USD/ILS futures trade on both the ICE and CME exchanges. Exchange traded options are available with the CME. The shekel is currently one of only twenty or so currencies for which exchange traded derivatives are available.

Since 2000, the shekel’s lowest valuation against the US dollar occurred in June 2002 when the USD/ILS exchange rate reached 5.005. The currency’s post-2000 high came in July 2008, shortly before the worst stage of the 2007-2009 financial crisis, when USD/ILS fell to just 3.206.
In 2016, the shekel was the twenty-ninth most traded currency in the world and since 2008 it has been fully convertible.

What is the Israeli New Sheqel currency code and symbol?

The three letter currency code for the Israeli New Sheqel is ILS and the symbol is .

Which countries use the Israeli New Sheqel?

It is the domestic currency in Israel.


Israeli New Sheqel (ILS) in the markets

The interactive chart below shows the ILS to USD exchange rate for the previous 3 months with rate alerts for days when the exchange rate moved up or down significantly or for 30 day highs and lows.


ILS-USD 3 Month chart
Loading ILS/USD Chart
ILS currency converter

Israel Trip Checklist   

  1. Compare ILS travel cash rates - probably why you are here!
  2. Search Hotel deals - Save on your accomodation in Israel
  3. Lonely Planet - world's best travel guide (coupon and deals)

Travel money for Israel

Save money and time by Ordering your Israeli New Sheqel online from Travelex, you get better rates and can pick up the ILS cash locally or even on travel day at the airport.

Another popular option is to use a Pre-paid Travel Card. Your Debit/Credit Card provider will charge you 2% from market mid-rate, but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash.

For card purchases if offered a choice of currencies always select to Pay in Israeli New Sheqel otherwise you may get much worst exchange rates.

Travel Money Exchange Rates Compared

Buying ILS Cash with USD 1,000

Travelex Online logo Travelex Online
1USD=3.1804ILS
₪3180.40 ILS (12.63%)
Free Home Delivery when you Buy Online Travel Money & Cards with $0 commission and great exchange rates only available from Travelex Online. Zero cost for Home Delivery or pickup your foreign cash at your local Travelex store or at the airport on departure day. * Home deliveries can only be made to the registered billing address of your chosen payment method.
Price Details
Receive: ₪3180.40 ILS
Exchange Rate: 3.1804
(Inverse 1ILS=USD 0.3144)
Fees: USD 0
Total Cost : 12.63% (from mid-rate: 3.6400)
Amount of money that could be received by your currency exchange at rate USD/ILS=3.1804 and inclusive of the fee of USD 0.
Rate timestamp : Tue Jun 19 2018 14:00:04 GMT+0000 (UTC)
Bank Rates - Average
1USD=3.185ILS
₪3153.15 ILS (13.37%)
This is the average USD to ILS Buy Foreign Cash exchange rate from multiple banks, exchange kiosks and post-offices, available over the counter and via the internet.

 
Price Details
Receive: ₪3153.15 ILS
Exchange Rate: 3.1850
(Inverse 1ILS=USD 0.3140)
Fees: USD 10 (1%)
Total Cost : 13.37% (from mid-rate: 3.6400)
Receive ILS ₪27 less than with  Travelex Online logo Travelex Online
Amount of money that could be received by your currency exchange at rate USD/ILS=3.185 and inclusive of the fee of USD 10 (1%).
 

Sending money to Israel

When searching around for information on how to get a good exchange rate when sending money to Israel you need to start with finding out the latest Israeli New Sheqel foreign-transfer exchange rate.

Then compare your bank's exchange rates to several licensed FX providers exchange rate and fees to see how much you can save (we make that calculation easy here).

Getting a better deal when sending money to Israel

When sending money to Israel it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 4 simple steps :

  1. Open an account with a BER reviewed FX provider (id docs may be required)
  2. You specify the local or Israeli New Sheqel amount you want to transfer
  3. Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
  4. Once your funds are received by the provider the converted ILS amount will be transfered to the recipient account you specify in Israel.

Use our Send to ILS calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more Israeli New Sheqel deposited into the recipient bank account and less margins and fees kept by the banks!

 
Sending a LARGER international money transfer? Request a Free Multi-Vendor Quote

Compare Foreign Transfers

Sending USD 10,000 to ILS

OFX logo OFX (prev. USForex)
1USD=3.6039ILS
₪36,039 ILS (0.99%)
Book & track your foreign transfers online (24/7) with industry best rates for all your deals - not just the first one! Lock in exchange rates with Spot & Forward Deals. BestExchangeRates users get the transfer fees waived.
Price Details
Receive: ₪36,039 ILS
Exchange Rate: 3.6039
(Inverse 1ILS=USD 0.2775)
Fees: USD 0
Total Cost : 0.99% (from mid-rate: 3.6400)
This is the amount of money that could be received by your transfer at rate USD/ILS=3.6039 and inclusive of the fee of USD 0.
Rate timestamp : Tue Jun 19 2018 14:04:40 GMT+0000 (UTC)
Bank Rates - Average
1USD=3.4961ILS
₪34,909 ILS (4.1%)
This is the average USD to ILS International Transfer exchange rate and fees from multiple banks for FX rates available over the counter and also via Internet Banking.

 
Price Details
Receive: ₪34,909 ILS
Exchange Rate: 3.4961
(Inverse 1ILS=USD 0.2860)
Fees: USD 15
Total Cost : 4.1% (from mid-rate: 3.6400)
Receive ILS ₪1,130 less than with  OFX logo OFX
This is the amount of money that could be received by your transfer at rate USD/ILS=3.4961 and inclusive of the fee of USD 15.
 

Israeli New Sheqel - exchange rates - live and historic

Major ILS cross rates
View Full List (A-Z)
1ILS=

ILS/USD - Israeli New Sheqel to U.S. dollar - 10 Year History

DateExchange RatePeriod
10 Jun 20180.27981 Week
18 May 20180.27841 Month
19 Dec 20170.28556 Months
17 Jun 20170.28421 Year
17 Jun 20160.25862 Years
18 Jun 20130.27845 Years
19 Jun 20080.297110 Years

ILS/EUR - Israeli New Sheqel to Euro - 10 Year History

DateExchange RatePeriod
10 Jun 20180.23741 Week
18 May 20180.23611 Month
19 Dec 20170.24126 Months
17 Jun 20170.25381 Year
17 Jun 20160.22932 Years
18 Jun 20130.20795 Years
19 Jun 20080.191710 Years

ILS/GBP - Israeli New Sheqel to British pound sterling - 10 Year History

DateExchange RatePeriod
10 Jun 20180.20861 Week
18 May 20180.20671 Month
19 Dec 20170.21336 Months
17 Jun 20170.22241 Year
17 Jun 20160.18012 Years
18 Jun 20130.17795 Years
19 Jun 20080.150710 Years

ILS/JPY - Israeli New Sheqel to Japanese yen - 10 Year History

DateExchange RatePeriod
10 Jun 201830.62421 Week
18 May 201830.84591 Month
19 Dec 201732.26776 Months
17 Jun 201731.50661 Year
17 Jun 201626.95722 Years
18 Jun 201326.51995 Years
19 Jun 200832.052910 Years

ILS/AUD - Israeli New Sheqel to Australian dollar - 10 Year History

DateExchange RatePeriod
10 Jun 20180.36811 Week
18 May 20180.37061 Month
19 Dec 20170.37326 Months
17 Jun 20170.37281 Year
17 Jun 20160.34962 Years
18 Jun 20130.29375 Years
19 Jun 20080.312910 Years

ILS/CAD - Israeli New Sheqel to Canadian dollar - 10 Year History

DateExchange RatePeriod
10 Jun 20180.36281 Week
18 May 20180.35891 Month
19 Dec 20170.36786 Months
17 Jun 20170.37551 Year
17 Jun 20160.33382 Years
18 Jun 20130.28405 Years
19 Jun 20080.301310 Years