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

Types of transaction

FX Spot FX Forward
Delivery date: T; T+1; T+2 Maximum maturity: 24 months
Liquidity: Good Liquidity: Good

EUR/ILS parity: liquidity schedules (GMT)

EUR/ILS parity: liquidity schedules (GMT)

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.


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

Expert opinion

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

Payments in ILS to Israel

  • The IBAN format is mandatory.
  • Payment instructions must contain the full name of the beneficiary.
Public Holidays 2018 (subject to change)
Purim 1 March Yom Kippur 19 September
Pesach 31 March–7 April Sukkot 24-30 September
National Independence Day 19 April Sh’mini Atzeret 1 October
Shavuot 20-21 May Simchat Tora 2 October
Rosh Hashana 10-11 September Chanukka 3-10 December