Israeli Shekel (ILS)
The Israeli shekel is the currency of Israel and is traded freely. The Bank of Israel sets policy and has intervened during periods of sharp appreciation.
The latest available mid-market reference is 1 ILS = 0.3149 USD. The table below shows the same rate against the other major currencies.
Key facts
Structural details reviewed . Regimes and issuing arrangements can change.
The role of the Israeli Shekel
Israel is a major exporter of technology and services, and the shekel is used in a growing share of regional trade. It is a small but liquid currency with strong foreign investment inflows.
A short history
The shekel was introduced in 1980 and replaced by the new shekel in 1985. Israel moved to a floating rate in 2003.
What moves the Israeli Shekel
Technology exports, foreign investment, Bank of Israel policy and geopolitical risk.
Live ILS exchange rate
| Currency | 1 ILS equals |
|---|---|
| US Dollar (USD) | 0.3149 |
| Euro (EUR) | 0.2833 |
| British Pound (GBP) | 0.2369 |
| Japanese Yen (JPY) | 50.2240 |
| Chinese Yuan (CNY) | 2.1051 |
| Indian Rupee (INR) | 29.5498 |
| Canadian Dollar (CAD) | 0.4483 |
| Australian Dollar (AUD) | 0.4595 |
| Swiss Franc (CHF) | 0.2619 |
Mid-market rate updated . Banks and transfer providers add a margin. About our rates.
ILS conversion pages
Other currency profiles
Israeli Shekel questions
What is the Israeli Shekel?
Israeli Shekel (ILS) is used in the following countries and territories: Israel. Central bank: Bank of Israel. Exchange rate regime: free float.
Which countries use the Israeli Shekel?
The Israeli Shekel is used in the following countries and territories: Israel.
What affects the Israeli Shekel exchange rate?
Technology exports, foreign investment, Bank of Israel policy and geopolitical risk.