The live mid-rate GBP to ILS exchange rate is 4.8929. Compare currency conversion rates - Reduce FX costs.
The best GBP to ILS exchange rate is our partner deal rate of 4.8684 from OFX . This is -0.5% compared to the mid-market rate 4.8929.
The standard OFX GBP-ILS rate is 4.8107, -1.7% 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 British pound (GBP) to Israeli new sheqel (ILS) rates from different sources before making a conversion.
Looking at our comparison table the best GBP to ILS exchange rate is 4.8684 from OFX, -0.5% from the mid-market rate 4.8929. The next best rate is 4.8635 from XE, -0.6% from the mid-rate. Then Wise with 4.8586 is -0.7% from the mid-rate.
The Western Union rate is 4.8439 which is -1% from the mid-rate.
Among the banks, the Lloyds Bank rate is 4.6248 at -5.5%, the Royal Bank of Scotland rate is 4.6541 at -4.9%, and the Barclays Bank rate is 4.7216 at -3.5% compared to the mid-rate 4.8929.
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 Sterling 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 GBP-ILS mid-rate (see Market Data below ) and the possible savings of using various providers.
British pound (GBP) to Israeli new sheqel (ILS) market data - latest interbank exchange rate, trend, chart & historic rates.
| Date | GBP/ILS | Change | Period |
|---|---|---|---|
01 Apr 2025 | 4.7815 | 1.7% ▲ | 2 Week |
15 Jan 2025 | 4.4160 | 10.1% ▲ | 3 Month |
15 Apr 2024 | 4.6736 | 4% ▲ | 1 Year |
16 Apr 2020 | 4.4827 | 8.4% ▲ | 5 Year |
18 Apr 2015 | 5.8592 | 17% ▼ | 10 Year |
20 Apr 2005 | 8.3841 | 42% ▼ | 20 Year |
Here are some popular conversion amounts for GBP to ILS (British pound to Israeli new sheqel)*.
*Converted at the current GBPILS interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The recent forecasts for the GBP to ILS exchange rate indicate a challenging environment influenced by a combination of political and economic factors. Analysts highlight that the British pound (GBP) has faced downward pressure due to recent developments, notably the announcement of a 10% tariff on UK imports by the U.S. This trade measure occurs amidst rising concerns over the UK bond market, where yields on 30-year government debt have surged to levels not seen since 1998. Such increases in borrowing costs can hinder economic growth and further weaken investor confidence in the GBP.
Read our full review of recent GBP to ILS forecasts.
There are several ways to save on exchange rates when converting British pound to Israeli new sheqel:
Generally speaking, if you are buying Israeli new sheqel with British pound, then it's better for the GBP/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 GBP/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
| United Kingdom (GBP) | 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.
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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