Israeli New Shekel

ILS

  • Convertible: Yes
  • Transferable: Yes
  • Exchange rate regime: Floating
Währungs-Referenzzentrum

Available Currency Pairs

EURILS

Ansehen EUR

USDILS

Ansehen USD

GBPILS

Ansehen GBP

CHFILS

Ansehen CHF

AUDILS

Ansehen AUD

CADILS

Ansehen CAD

ILSAED

Ansehen AED

ILSCZK

Ansehen CZK

ILSDKK

Ansehen DKK

ILSHKD

Ansehen HKD

ILSHUF

Ansehen HUF

ILSJPY

Ansehen JPY

ILSMXN

Ansehen MXN

ILSNOK

Ansehen NOK

ILSSEK

Ansehen SEK

ILSTHB

Ansehen THB

ILSZAR

Ansehen ZAR

NZDILS

Ansehen NZD

PLNILS

Ansehen PLN

RONILS

Ansehen RON

SGDILS

Ansehen SGD

USDILS

Ansehen USD

Transaction Types

FX SPOT
Delivery date: T+1; T+2
Liquidity: high
FX FORWARD
Maximum maturity: 24 months
Liquidity: high

Did You Know?

plus-icon

Monetary policy

  • The Bank of Israel (BoI) is Israel’s monetary authority. Its objective is to maintain price stability.
  • Price setting method: the floating exchange rate is described as “supervised”, because the BoI is likely to make targeted interventions to influence the value of the ILS, mainly against the USD.
plus-icon

Features and highlights

  • Liquidity on the Shekel (freely convertible since 2003 only) tends to fall on Friday afternoon, as local banks close for Shabbat.

Even if ILS is a smaller currency, it behaves like a major one, often moving in tandem with USD, following global economic trends, but with slightly less volatility than USD.

plus-icon

Expert opinion

  • Since Israel is traditionally an exporting country, the BoI tends to intervene to limit the assessments deemed excessive by the ILS.
plus-icon

Regulations

There are no particular restrictions regarding the purchase and sale of ILS.

Important Information

PAYMENTS IN ILS TO ISRAEL

The IBAN format is mandatory. Payment instructions must contain:

  • The full name of the beneficiary.

Keep In Mind

PUBLIC HOLIDAYS

Purim 1 Mär
National Independence Day 20 Apr
Rosh Hashana 10 - 11 Sep
Sukkot 24 - 30 Sep
Simchat Tora 2 Okt
Pesach 31 - 7 Apr
Shavuot 20 - 21 Mai
Yom Kippur 19 Sep
Sh’mini Atzeret 1 Okt
Chanukka 3 - 10 Dez

When a holiday falls on a weekend, the next business day becomes a holiday

Resource PDF image

Currency Reference Guide

Get the full currency reference guide, updated by the iBanFirst currency market experts

Reference guide

Kontaktieren Sie uns jetzt