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Israeli Shekel

Israeli Shekel Rates

For a live quote on the Israeli Shekel, simply fill in your details on the form above and an FSA-regulated currency expert will be in touch with a competitive quote.

 

Latest Rates

Please see our latest exchange rates page for the most up-to-date mid-market rate.


Recent Trading Range

In 2011, the Israeli Shekel traded between 5.4517 and 5.9429 against the Pound.


Latest Israeli Shekel Exchange Rate News

Please see our news section for the latest currency news affecting worldwide exchange rates. You can also visit our dedicated page on money transfers to Israel, including timescales and information needed to make your transfer.


Overview - ILS

The Israeli Shekel is the currency used in Israel and its ISO code is ILS. The Shekel was introduced in 1986 which replaced the ‘old shekel’ which had seen is value drop dramatically against the USD in the mid 70s through until the mid 80s.

 

Since the beginning of the century the ILS has increased in value some 20% against the USD. Following the hyperinflation suffered in the 70s and 80s the signing of free trade agreements (making Israeli products more available to the rest of the world) has helped inflation drop and the currency strengthen. In the future we would expect the currency to continue in this manner as recently discovered natural gas reserves will increase their economic stature.

 

The currency is not produced in Israel, as the country has no mint. Currently, the coins are minted in South Korea and the banknotes are produced in Switzerland.