
Israeli New Shekel
ILS
- Convertible: Yes
- Transferable: Yes
- Exchange rate regime: Floating
Available Currency Pairs

EURILS
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USDILS
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GBPILS
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CHFILS
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AUDILS
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CADILS
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ILSAED
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ILSCNY
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ILSCZK
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ILSDKK
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ILSHKD
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ILSHUF
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ILSJPY
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ILSMXN
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ILSNOK
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ILSSEK
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ILSTHB
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ILSZAR
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NZDILS
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PLNILS
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RONILS
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SGDILS
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USDILS
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FX SPOT
Delivery date: T+1; T+2
Liquidity: high
FX FORWARD
Maximum maturity: 24 months
Liquidity: high
Did You Know?
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.
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.
Expert opinion
- Since Israel is traditionally an exporting country, the BoI tends to intervene to limit the assessments deemed excessive by the ILS.
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 Mar
National Independence Day 20 Apr
Rosh Hashana 10 - 11 Sep
Sukkot 24 - 30 Sep
Simchat Tora 2 Oct
Pesach 31 - 7 Apr
Shavuot 20 - 21 May
Yom Kippur 19 Sep
Sh’mini Atzeret 1 Oct
Chanukka 3 - 10 Dec
When a holiday falls on a weekend, the next business day becomes a holiday
Useful Links
Currency Reference Guide
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Reference guide