What is the best Send Money conversion rate for USD to ILS?
The best USD to ILS exchange rate is our partner deal rate of 3.5674 from OFX . This is -0.5% compared to the mid-market rate 3.5853.
The standard OFX USD-ILS rate is 3.5071, -2.2% 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 US dollar (USD) to Israeli new sheqel (ILS) rates from different sources before making a conversion.
How do USD-ILS rates compare between providers?
Looking at our comparison table the best USD to ILS exchange rate is 3.5674 from OFX, -0.5% from the mid-market rate 3.5853. The next best rate is 3.5638 from XE, -0.6% from the mid-rate. Wise with 3.562 is -0.65% from the mid-rate.
The Western Union rate is 3.5494 which is -1% from the mid-rate.
Among the banks, the Citibank rate is 3.4533 at -3.7%, the Chase Bank rate is 3.3099 at -7.7%, and the Wells Fargo Bank rate is 3.2884 at -8.3% 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.
The Dollar 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 USD-ILS mid-rate (see Market Data below ) and the possible savings of using various providers.