The comparison table above helps you see the total cost of your currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
GBP to ILS Market Data
British pound (GBP) to Israeli new sheqel (ILS) market data - latest interbank exchange rate, trend, chart & historic rates.
Bias
GBP/ILS sits below the 90-day avg and in the lower half of the 3-month range, bearish-to-range-bound.
Key drivers
- Rate gap: BoE expected to ease gradually in 2026, while BoI has already cut, narrowing the gap and potentially weighing on GBP vs ILS
- Israel policy and currency: BoI's rate cut and a stronger shekel support ILS, which can press GBP/ILS lower
- UK growth outlook: UK GDP growth is projected to slow in 2026, keeping the pound under pressure
Range
GBP/ILS likely to drift within the observed 3-month range, with a bias toward the lower end
What could change it
- Upside risk: stronger-than-expected UK data or a less aggressive BoE stance could lift GBP
- Downside risk: further BoI easing or a risk-off environment strengthening the ILS could push GBP/ILS lower
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GBP to ILS Conversion: What Is Your Money Worth?
To help you understand the real-world value of the current exchange rate, the table below shows how much British pound are worth in Israeli new sheqel across a range of amounts.
This gives a quick view of what you’d get when converting different GBP amounts at today’s rate * :
What is the
best Send Money conversion rate for GBP to ILS?
The best GBP to ILS exchange rate is 4.2139 from OFX . This is -0.5% compared to the mid-market rate 4.2350.
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
British pound (GBP) to Israeli new sheqel (ILS) rates from different sources before making a conversion.
The above
Sterling to Shekel comparison table
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 GBP-ILS mid-rate and the possible savings of using various providers.
How do GBP-ILS rates compare between providers?
Looking at the full
GBP to ILS - Send Money comparison table the provider with the best GBP to ILS exchange rate is OFX at 4.2139, -0.5% from the latest mid-market rate 4.2350.
The next best is XE at 4.2096, -0.6% 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.