Israeli Shekel (ILS) Exchange Rates Today
Live rates, 30-day trends, and real talk about what banks charge you for Israeli Shekel.
Mid-market rate - no bank markup 200+ currencies Free
What is the Israeli Shekel?
Israel's strong tech sector attracts significant foreign investment flows. ILS has strengthened considerably over the past decade alongside the growth of Israel's high-tech exports.
Symbol: ₪ ISO code: ILS Central bank: Bank of Israel (BOI)
BIS ranking: 25th most traded (the 25th most bought and sold currency worldwide) Used in: Israel
This page is a hub for all ILS exchange rates on our site. Use the converter above to check the current mid-market rate for Israeli Shekel against any supported currency, or scroll down to browse individual pair pages with 30-day charts, historical data, and conversion tables.
How Israeli Shekel is commonly exchanged
Israel's strong tech sector attracts significant foreign investment flows, making ILS conversion common for international business. USD/ILS is the dominant pair. ILS has strengthened considerably over the past decade alongside the growth of Israel's high-tech exports.
Most ILS conversions pass through one of the major pairs listed below. For less common combinations, rates are computed as cross-rates through USD or EUR, which may carry a slightly wider spread.
Practical notes for Israeli Shekel
Travel and card conversions
If you are spending in Israeli Shekel, a card with no foreign transaction fee is typically the best option. Always choose to be charged in ILS (the local currency) at point of sale - selecting your home currency triggers Dynamic Currency Conversion, which adds an unnecessary 3-6% markup to your transaction.
Bank spreads
As a less liquid currency, ILS spreads at banks and exchanges tend to be wider than for major currencies - sometimes 4-6% at banks and up to 15% at airport counters. Online transfer services usually offer much tighter spreads for ILS.
The Bank of Israel (BOI) and the Israeli Shekel
The Bank of Israel (BOI) targets 1-3% inflation. The Monetary Committee meets six times per year.
Policy tool: The interest rate on short-term deposits. The BOI has also used FX purchases to moderate shekel appreciation driven by tech sector foreign investment.
Key data releases: Israeli CPI, GDP, and tech export data.
Did you know?
- The Israeli shekel's name dates back over 3,000 years to ancient Mesopotamia, where a shekel was a unit of weight for barley and silver.
Frequently asked questions
What is the ILS exchange rate today?
The live mid-market rate is shown in the converter above. It updates every 60 seconds during market hours (Sunday 5pm ET through Friday 5pm ET). Scroll down to see ILS rates against all supported currencies.
What is the mid-market rate for Israeli Shekel?
The mid-market rate is the midpoint between wholesale buy and sell prices - the fairest benchmark before any provider adds markup. It is the rate shown on this page. Your bank or service will offer a different rate that includes their margin.
How is ILS performing this month?
Use the converter above and click through to any pair page to see the 30-day range bar, which shows where today's rate sits relative to the recent trend. The rate statistics panel shows 30-day low, high, average, and volatility.
Where can I find historical ILS rates?
Click on any pair page below and scroll to the history chart. You can view 7-day, 30-day, or 1-year history with daily rates. Use the date picker to look up a specific historical date.
What affects the value of Israeli Shekel?
Central bank interest rate decisions from the Bank of Israel (BOI) are typically the largest driver. Inflation data, economic growth figures, trade balances, and political stability also matter. On a day-to-day basis, scheduled economic data releases and central bank communication can cause noticeable moves.
Why do different sites show different ILS rates?
Different providers use different data sources, update at different times, and may show rates that already include their markup. The mid-market rate (shown here) is the most neutral benchmark. If a site shows a rate that is noticeably worse, that difference is likely their margin built into the number.
How is the ILS exchange rate set?
Most exchange rates are determined by supply and demand in the global forex market, where banks, funds, and corporations trade currencies 24 hours a day on weekdays. Interest rate differentials between central banks are the biggest long-term driver. No single entity "sets" the rate - it emerges from millions of transactions.
Learn more
- BOI - Exchange Rates - Bank of Israel daily rates
- Israel Central Bureau of Statistics - Israeli economic data including trade and CPI
ILS rate statistics
Israeli Shekel rate context
We compare the current Israeli Shekel exchange rate against its recent trading range to help you decide whether now is a good time to convert. The live analysis updates throughout market hours.
Rate analysis updates when live data is available.
Forex Market Hours
The forex market is open 24 hours a day, five days a week. Trading passes between these major financial centers as the world turns.
| Market | Timezone | Local Time | Status |
|---|---|---|---|
| 🇦🇺 Sydney | AEST | — | — |
| 🇯🇵 Tokyo | JST | — | — |
| 🇬🇧 London | GMT/BST | — | — |
| 🇺🇸 New York | ET | — | — |
All ILS Currency Pairs
Live exchange rate pages for Israeli Shekel against every supported currency.