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EUR to ILS - Rate Guide

Euro to Israeli New Sheqel exchange rates aren't all the same.

The total cost you are charged by your bank or foreign exchange provider consists of a margin from the interbank mid-rate plus fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

EUR/ILS update & alerts

1 EUR = 3.8353 ILS

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EUR to ILS - Trading Range (90 Day)
14-DAY HIGH (5d)
90-DAY TREND: At 3.8381 EUR/ILS is trading 0.8% below the average 3.8705 with a range 3.7882 to 3.959. There are no current alerts.
Update: 08-Dec 16:03-EST 21:03-GMT 08:03-AEDT(+1D)

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EUR/ILS Exchange Rates and Providers Compared

This guide to the Euro to Israeli New Sheqel exchange rate with 90-day chart & alerts, historic rates, forecasts and EUR to ILS comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. If you want to calculate equivalent amounts in foreign currencies or rate margins then use our EUR/ILS Quick Calculator.

EUR and ILS in the Markets

When determining the best time to make a foreign exchange transaction, in this case the EUR vs ILS, you should pay attention to the recent market trends for both currencies.

Euro (EUR)

Euro sentiment dipped in mid-June after the ECB, like other major central banks of the world, ramped up its dovish rhetoric. It said that there was “considerable room” for further quantitative easing and that it would consider negative interest rates. Ordinarily, this would spark an extended euro decline but since other major currencies are also wrestling with easier central bank policies, euro depreciation may be contained.

In spite of Brexit, a slowdown in economic growth, Italian risks and persistently weak inflation — an important measure of inflation expectations fell in June to a record low — the euro did fantastically well against the Australian dollar, New Zealand dollar and British pound between mid-April and mid-June. Due to a stronger US dollar, EUR/USD was down 2 percent on the year at $1.12, close to long-term lows.

Read more in the article EUR Forecasts.

 

Israeli New Sheqel (ILS)

No recent Israeli New Sheqel market updates.

Why can't I just get the EUR/ILS market rate I see online or in the media?

The mid-rate is the rate you will see quoted online or the news. It is actually just the half-way point (hence mid-rate) between the last rate at which the EUR / ILS was traded (bought or sold) in the international markets.

All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate). Some providers such as Transferwise will quote you the mid-rate (or close to) and charge a separate percentage fee.

Getting a good market rate is mainly about timing however 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.

We help you Compare & Save Money on Exchange Rates.

 

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