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    Best GBP to ILS Exchange Rates Compared Live

    The live mid-rate GBP to ILS exchange rate is 4.3761. Compare currency conversion rates - Reduce FX costs.

    GBP-ILS Best Exchange Rates
     
     

    What is the best Send Money conversion rate for GBP to ILS?

    The best GBP to ILS exchange rate is our partner deal rate of 4.3542 from OFX . This is -0.5% compared to the mid-market rate 4.3761.

    The standard OFX GBP-ILS rate is 4.2851, -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 British pound (GBP) to Israeli new sheqel (ILS) rates from different sources before making a conversion.

    How do GBP-ILS rates compare between providers?

    Looking at our comparison table the best GBP to ILS exchange rate is 4.3542 from OFX, -0.5% from the mid-market rate 4.3761. The next best rate is 4.3498 from XE, -0.6% from the mid-rate. Wise with 4.3455 is -0.7% from the mid-rate.

    The Western Union rate is 4.3323 which is -1% from the mid-rate.

    Among the banks, the Lloyds Bank rate is 4.1188 at -5.9%, the Royal Bank of Scotland rate is 4.1451 at -5.3%, and the Barclays Bank rate is 4.2229 at -3.5% 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.

     

    Compare Rates

     

    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. 

     
     
     

    GBP to ILS Market Data

    British pound (GBP) to Israeli new sheqel (ILS) market data - latest interbank exchange rate, trend, chart & historic rates.

     
    Sell GBP   →   Buy ILS
    1 GBP =
    4.3761We compare provider deals to this wholesale mid-market rate. Read more
    ILS
    ▲+0.5% since yesterday
    GBP to ILS at 4.4012 is 5.1% below its 3-month average of 4.6373, having traded in a rather volatile 13.5% range from 4.3401 to 4.9244
    |
    Tracker

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      1 ILS = 0.2285 GBP
    DateGBP/ILSChangePeriod
    07 Jan 2025
    4.5489
    		3.5% ▼2 Week
    23 Oct 2024
    4.8999
    		10.4% ▼3 Month
    22 Jan 2024
    4.7819
    		8.2% ▼1 Year
    23 Jan 2020
    4.5340
    		3.1% ▼5 Year
    24 Jan 2015
    6.0009
    		26.8% ▼10 Year
    26 Jan 2005
    8.2984
    		47.1% ▼20 Year
    GBP/ILS historic rates & change to 21-Jan-2025
     

    What are equivalent amounts of GBP and ILS?

    Here are some popular conversion amounts for GBP to ILS (British pound to Israeli new sheqel)*.

    GBP ILS
    £ 1 ₪ 4.3761
    £ 5 ₪ 21.88
    £ 10 ₪ 43.76
    £ 20 ₪ 87.52
    £ 50 ₪ 218.81
    £ 100 ₪ 437.61
    £ 250 ₪ 1,094
    £ 500 ₪ 2,188
    £ 1,000 ₪ 4,376
    £ 2,000 ₪ 8,752
    £ 5,000 ₪ 21,881
    £ 10,000 ₪ 43,761
    £ 20,000 ₪ 87,522
    £ 50,000 ₪ 218,805
    £ 100,000 ₪ 437,610
    GBP ILS
    £ 0.2285 ₪ 1
    £ 1.1425 ₪ 5
    £ 2.2850 ₪ 10
    £ 4.5700 ₪ 20
    £ 11.43 ₪ 50
    £ 22.85 ₪ 100
    £ 57.13 ₪ 250
    £ 114.25 ₪ 500
    £ 228.50 ₪ 1,000
    £ 457.00 ₪ 2,000
    £ 1,143 ₪ 5,000
    £ 2,285 ₪ 10,000
    £ 4,570 ₪ 20,000
    £ 11,425 ₪ 50,000
    £ 22,850 ₪ 100,000

    More amounts

    *Converted at the current GBPILS interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.

     
     

    Forecasts for GBP to ILS

     

    The GBP to ILS exchange rate has recently faced downward pressure, particularly following disappointing UK GDP data that fell short of market expectations. FX analysts noted that the UK economy’s rise of only 0.1% in November, compared to forecasts of 0.2% growth, has led to a weakening of the pound. With retail sales figures set to be released, there is speculation that stronger consumer spending may help bolster GBP in the near term. However, uncertainty surrounding post-Brexit negotiations and ongoing economic challenges continues to create a volatile environment for the currency.

    Read our full review of recent GBP to ILS forecasts.

     
    GBP note

    How to get a good GBP to ILS exchange rate

    There are several ways to save on exchange rates when converting British pound to Israeli new sheqel:

    1. Shop around for the best GBP/ILS exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
    2. Timing is important: Keep an eye on the GBP/ILS rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
    3. Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
    4. Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both GBP and ILS at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
    5. Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.

    The key is reducing excessive costs and fees

    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, living and doing business in Israel 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.

    Multi-Vendor Quote

    We can help you get an even better deal when sending a Large International Money Transfer.

    Click below for the Request Quotes form and enter your transfer details (BER account required).

    Request Quotes

    Save time and money - fewer websites to visit and you get a much better exchange rate & service.

    Compare Rates

    Will the British pound rise against the Israeli new sheqel?

    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.

     
    Track Rate
     

    Manage Tracker   

     

    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

     
     

    Currency Country Guides

    United KingdomUnited Kingdom (GBP)IsraelIsrael (ILS)
     

    How is the cost of living in Israel?

    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.

    How is the expat life in Israel?

    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

       
     
     
     

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    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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