Israeli Shekel
ILSOfficial Currency of Israel
Economic Profile & Role of Israeli Shekel
The Israeli New Shekel is a fully convertible, freely floating currency backed by Israel’s thriving high-tech innovation ecosystem and substantial natural gas reserves.
Exchange rates for the Israeli Shekel are influenced by key macroeconomic factors including central bank interest rate policy, national gross domestic product (GDP) performance, balance of trade, sovereign debt levels, and foreign direct investment (FDI). When transferring or exchanging ILS, understanding these underlying fundamentals allows consumers and businesses to anticipate volatility and secure favorable timing.
Quick ILS Conversion Benchmark Units
Common transaction multiples for Israeli Shekel (ILS) used for budgeting, international remittances, and travel expenses.
Popular ILS Currency Exchange Pairs
Click any pair below to inspect real-time mid-market rates, historical trend charts, and transfer fee breakdowns.
Frequently Asked Questions about Israeli Shekel
What is the official currency code and symbol for Israeli Shekel?
The official ISO 4217 currency code for the Israeli Shekel is ILS, and its conventional currency symbol is ₪.
Which authority or central bank issues the ILS?
The Israeli Shekel is regulated and issued by Bank of Israel (BoI).
What is the subunit of Israeli Shekel?
The standard fractional denomination or subunit of the Israeli Shekel is Agora (1/100).
How do I convert ILS to other global currencies without hidden fees?
To get the true value of your ILS, always benchmark transactions against the mid-market rate. You can use our live currency converter tools to check real-time exchange rates before initiating a bank transfer.