BookMyForex compares Israeli Shekel rates across hundreds of banks and forex companies in your area, helping you discover the best rate for your forex requirements.
1 ILS = 23.4908 INR Interbank/ mid-market Rate at: 04-12-2024 19:31:46
Buy ILS Forex Card | N/A |
Sell ILS Forex Card | N/A |
Buy ILS Wire Transfer | N/A |
Buy ILS Currency Notes | ₹26 |
Sell ILS Currency Notes | ₹21.988 |
Israeli New Shekel is the official currency of Israel. The Israeli new shekel was first introduced as the legal currency of Israel in 1986. Interestingly, while the issuing authority of the Israeli new shekel is Bank of Israel, the banknotes of Shakel are printed in Switzerland and the coins are minted in South Korea! The Israeli New Shekel is abbreviated as ILS in the international currency exchange markets.Â
The new shekel is divided into 100 agora which is the sub denomination of shekel.Â
ILS Stats | ILS Profile |
Currency Name: Israeli New Shekel | Central Bank: Bank of Israel |
Symbol: ILS | Denominations (Freq. Used): 20, 50, 10, 200 Israeli New Shekel |
Subunit: Agora | Coins:10 Agora, ½, 1, 2, 5, 10₪ |
ILS to INR Chart |
Used: Israel, Gaza Strip |
History of Israeli New Shekel
Israeli New Shekel (ILS) is the fourth currency of Israel. The first currency of Israel was Palestinian Pound when it was founded in 1948 which was renamed to British Pound in 1952. After that only in 1980, Israeli Shekel was introduced first as the official currency of Israel replacing British Pound (GBP).  Â
However, at the time of introduction of Israeli Shekel (now known as Old Shekel), during the 1980s, the economy of Israel was going through a financial crisis which led to a situation of hyperinflation. Because of the massive inflation, the shekel suffered significant value erosion in terms of depreciation in the international markets.Â
When the government introduced free-market economy with its Economic Stabilization Plan (1985), Israeli New Shekel was floated as the official currency of Israel replacing the old shekel. The value of one Israeli new shekel was fixed as 1000 old shekels. The new shekel became freely convertible currency in 2003 and fully convertible in 2008.Â
Not just Indian residents travel to Israel for trade & business and tourism but also many Israelis travel to India for trade, tourism and educational purposes. If you are planning to go to Israel in the near future, you may require to buy Israeli new shekel or convert ILS to INR which you can do either from banks, authorized local money changers, airports or from an online marketplace such as BookMyForex.Â
Parameter | BookMyForex | Banks/Money Changers |
Exchange Rate | At Live Rates (Dynamic) | At Fixed Rates |
Exchange Rate Margin | Very Low | High |
Online Order Facility | Yes | No |
Doorstep Delivery | Yes | No |
Branch Visit | No | Required |
Step 2: The website automatically compares all the rates and then offers the best current Israeli Shekel rate in your city for your transaction.
Step 3: Submit the KYC documents online which includes your Passport, Visa, AirTicket and PAN Card details and make the payment via credit/debit card or net banking.
Step 4: Congratulations! Your order has been successfully placed. Expect the same day or next day delivery.Â
BookMyForex was established in 2012 with the mission of bringing total transparency in the currency exchange market and provide a seamless experience to the people looking for currency exchange and forex related services in India. Apart from currency exchange services, BookMyForex also deals with forex card issuance, loading/unloading of the prepaid travel card. Traveller’s cheque and international remittance related services.
The Israeli Shekel is the currency of the . The currency code for Israeli Shekel is "ILS". Click below to get more details and facts about Israeli Shekel, its ranking & rates.
Click below to check live ILS rates on BookMyForex.com. Easily place orders online to buy or sell ILS at real-time and transparent exchange rates for accurate currency conversion.
More infoThe Israeli Shekel is the currency of the . The currency code for Israeli Shekel is "ILS". Click below to get more details and facts about Israeli Shekel, its ranking & rates.
BookMyForex.com is the best platform in India to convert ILS to INR. Click below to instantly convert ILS to INR at the best exchange rate.
More infoThe Israeli Shekel is the currency of the . The currency code for Israeli Shekel is "ILS". Click below to get more details and facts about Israeli Shekel, its ranking & rates.
Make informed decisions about currency exchange. Click below to check ILS to INR forecast rates for the next 7 days, 30 days, and 90 days.
More infoILS to INR forecast derived from the thorough analysis of ILS to INR exchange rate via moving averages, buy/sell signals & expert chart indicators. Click below to get a detailed ILS to INR forecast.
Analyze past trends with our comprehensive historical rate chart. Click below to check the ILS to INR rate chart for today, the last 7 days, the last 30 days, and the last 1 year.
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Make payment at blocked rate & get order confirmation.
With our fully online remittance process in place, you will be able to transfer funds abroad at the lowest rates possible in from the comfort of your home. We let you book at live and transparent rates unlike other platforms and process the transfers in the fastest time possible.
Send Money AbroadExchange foreign currency at best rates only on BookMyForex. Book your forex order at absolutely live rates in and get the deal of a lifetime. Freeze the currency rates if you think it will rise. At BookMyForex, we scan forex rates in your area nearby among 100s of banks and money changers & help you to get the best deal possible.
Buy/Sell Foreign CurrencyLooking to travel abroad? Get your BookMyForex travel card in and be assured of a hassle-free experience. Simply swipe your card to buy food, clothes, pay for your hotel accommodation and what not. Get even better rates on your BookMyForex travel card than foreign currency notes. What are you waiting for?
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