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: Bearish-to-range-bound.
Key drivers:
• Rate gap: BOE's cautious rate reduction vs. BOI's cut favors ILS.
• Risk/commodities: Geopolitical tensions boosting safe-haven currencies like ILS.
• Economic growth projections: Slower UK GDP growth pressures GBP amid high inflation.
Range: GBP/ILS likely to drift within lower half of 3-month range.
What could change it:
• Upside risk: Unexpected UK economic improvements or strong monetary policy shifts.
• Downside risk: More BOE rate cuts could weaken GBP further.
GBP/ILS is trading lower than its 90-day avg. Watch for stability in the recent range as GBP faces multiple pressures
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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 4.1872 from OFX . This is -0.5% compared to the mid-market rate 4.2082.
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 4.1872, -0.5% from the latest mid-market rate 4.2082.
The next best is XE at 4.1829, -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.