GBP to ILS Travel Money Compared

Currency Guide: Israel (ISO Code: IL)

Traveling to Israel for a week? For a mid-range stay, expect to budget approximately 5,000 to 7,000 Israeli New Shekels (ILS), which translates to around $1,500 to $2,100 USD. This amount should cover your accommodations, meals, transportation, and some tourist activities. Here’s a quick look at typical daily expenses:

• 🍽️ Meal at a local restaurant: 60 - 120 ILS
• ☕ Coffee: 15 - 25 ILS
• 🚍 Public transport fare: 5 - 10 ILS
• 📱 Prepaid SIM card: 100 - 200 ILS
• 🛌 Budget hotel or Airbnb: 300 - 600 ILS per night.

In general, Israel can be classified as a moderately expensive destination, especially when compared to the United States, where dining and lodging may be slightly cheaper. When aligned against the UK, however, Israel offers competitive prices that can sway favorably depending on the city; city-center dining in London can be significantly pricier than in Tel Aviv.

Expat Living in Israel

For those considering a longer-term stay or moving to Israel, monthly living costs average around 10,000 to 15,000 ILS, which includes rent, utilities, groceries, and transportation. Consider budgeting around 3,000 to 5,000 ILS for housing, depending on your location within the country. For banking, most establishments accept international credit and debit cards, with Visa and MasterCard being widely recognized. It's advisable to establish a local bank account to manage finances more easily.

When it comes to transferring money, using local exchanges can sometimes offer less favorable rates compared to established online transfer services like Wise or OFX, which typically provide lower fees and better exchange rates. Therefore, for sending or receiving funds internationally, opting for these online services is often the more advantageous choice.