The lowdown on the Israeli new shekel
Economical Influences on the Israeli New Shekel
If you are considering converting AUD to ILS, it’s good to get a snapshot of how the economy may influence the Israeli shekel.
Israel is a free market economy, exporting large amounts of cut diamonds, pharmaceuticals and advanced technological equipment.1
Israel imports many commodities and thus often operates at a trade deficit that is offset mostly by its service and tourism industries.1
Between the years of 2004 and 2013, Israel’s economy grew an average of 5% per year before slowing to around 2.8% - mostly attributed to its uncertain security.1
Israeli New Shekel Historical Exchange Rate
Since March of 2003, the Israeli new shekel gained more than 44% in value against the US dollar.2
Closer to home, the last 5 years has seen the AUD to ILS exchange rate fluctuate from a high of approximately 3.37 Israeli new shekel on 7 September 2014, to approximately 2.55 ILS to 1 AUD on 10 September 2018.3
In July 2015, 1 AUD was worth around 2.795983 ILS (3) and similarly, a year later in July 2016 that figure fluctuated to around 2.93863 ILS.3
As of October 25 2018, 1 Australian dollar would buy you approximately 2.60 Israeli new shekel.3
Learn more about the Israeli new shekel before you travel to Israel and create a currency rate alert and we’ll let you know when it hits your ideal rate!
1. Central Intelligence Agency - https://www.cia.gov/library/publications/the-world-factbook/geos/is.html
2. FXTOP - http://fxtop.com/en/historical-exchange-rates-graph-zoom.php
3. XE - https://www.xe.com/currencycharts/?from=AUD&to=ILS&view=5Y
*The information contained in this article has been compiled by Travelex from different external sources. The figures provided are indicative only and are there to provide an idea of the amount of travel money you may need during your trip. Travelex does not ensure the accuracy and completeness of the information shown. Nothing in this article is to be considered financial advice. Travelex Limited does not accept any liability for any loss or damage derived from any reliance on the information in this article. Travelex Limited (ABN 36 004 179 953, AFSL Number 222444) arranges for and sells Online Foreign Currency via its Online Ordering Facility. You should consider the Online Foreign Currency Product Disclosure Statement and Terms and Conditions before deciding whether to acquire the product.