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How much is 1 shekel to 1 dollar?

Published in Exchange Rates 2 mins read

The value of 1 Israeli New Shekel (ILS) to 1 US Dollar (USD) fluctuates daily based on market conditions. While an exact real-time figure varies, recent historical data provides a clear understanding of its typical range and average.

Understanding the Israeli Shekel to US Dollar Exchange Rate

Currency exchange rates are dynamic, influenced by a multitude of factors, including economic stability, interest rates, inflation, and geopolitical events. Therefore, the conversion rate from Israeli New Shekels (ILS) to US Dollars (USD) is constantly changing.

Recent Exchange Rate Trends (ILS to USD)

To provide a precise understanding of the typical value, here's a look at the recent historical exchange rate data for 1 ILS to USD:

Period High (USD) Low (USD) Average (USD) Percentage Change
Last 30 days 0.2803 0.2697 0.2763 1.37%
Last 90 days 0.2803 0.2623 0.2698 2.36%

This table illustrates that, over the past 30 days, one Israeli Shekel has traded for as much as $0.2803 USD and as little as $0.2697 USD, with an average around $0.2763 USD. Over a longer 90-day period, the range broadened slightly, with an average around $0.2698 USD.

Factors Influencing Exchange Rates

Several key factors can impact the ILS to USD exchange rate:

  • Interest Rates: Higher interest rates in one country can attract foreign investment, increasing demand for its currency and strengthening its value.
  • Inflation: Countries with lower inflation rates typically see their currency's value increase relative to currencies of countries with higher inflation.
  • Economic Performance: Strong economic growth, low unemployment, and a stable political environment can boost investor confidence, leading to currency appreciation.
  • Trade Balance: A country that exports more than it imports (a trade surplus) will see higher demand for its currency, as foreign buyers need to convert their currency to buy its goods.
  • Geopolitical Events: Political instability, conflicts, or significant policy changes can cause currency fluctuations as investors react to perceived risks or opportunities.

For the most up-to-date and real-time conversion rates, it is always recommended to consult a reliable currency converter. You can check current ILS to USD rates here.