The live mid-rate EUR to ILS exchange rate is 3.9971. Compare currency conversion rates - Reduce FX costs.
The best EUR to ILS exchange rate is our partner deal rate of 3.9771 from OFX . This is -0.5% compared to the mid-market rate 3.9971.
The standard OFX EUR-ILS rate is 3.9125, -2.1% 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 Euro (EUR) to Israeli new sheqel (ILS) rates from different sources before making a conversion.
Looking at our comparison table the best EUR to ILS exchange rate is 3.9771 from OFX, -0.5% from the mid-market rate 3.9971. The next best rate is 3.9732 from XE, -0.6% from the mid-rate. Then Wise with 3.9692 is -0.7% from the mid-rate.
The Western Union rate is 3.9372 which is -1.5% from the mid-rate.
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 Euro 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 EUR-ILS mid-rate (see Market Data below ) and the possible savings of using various providers.
Euro (EUR) to Israeli new sheqel (ILS) market data - latest interbank exchange rate, trend, chart & historic rates.
| Date | EUR/ILS | Change | Period |
|---|---|---|---|
16 May 2025 | 3.9712 | 0.2% ▲ | 2 Week |
01 Mar 2025 | 3.7353 | 6.5% ▲ | 3 Month |
30 May 2024 | 4.0127 | 0.9% ▼ | 1 Year |
31 May 2020 | 3.8932 | 2.2% ▲ | 5 Year |
02 Jun 2015 | 4.2943 | 7.4% ▼ | 10 Year |
04 Jun 2005 | 5.3987 | 26.3% ▼ | 20 Year |
Here are some popular conversion amounts for EUR to ILS (Euro to Israeli new sheqel)*.
*Converted at the current EURILS interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The euro (EUR) to Israeli shekel (ILS) exchange rate has recently faced pressure due to a combination of geopolitical tensions and economic indicators that influence both currencies. Analysts note that the EUR has struggled amidst Germany's rising unemployment figures, with a monthly increase of 34,000 jobless claims—the largest since July 2022— casting doubt on the strength of the Eurozone economy. Without significant economic releases from the Eurozone, the euro's direction may hinge on developments regarding EU-US trade negotiations.
Read our full review of recent EUR to ILS forecasts.
There are several ways to save on exchange rates when converting Euro to Israeli new sheqel:
Generally speaking, if you are buying Israeli new sheqel with Euro, then it's better for the EUR/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 EUR/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
| Eurozone (EUR) | 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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