Are you looking to convert Israeli Shekels (ILS) to Euros (EUR)? Understanding the exchange rate between these two currencies is crucial whether you’re planning a trip to Europe, managing international business transactions, or simply monitoring global finances. This guide will help you navigate the ILS to EUR conversion, providing you with the latest exchange rates and insights to make informed decisions.
| 1 ILS | = | 0.2619 EUR |
|---|---|---|
| Israeli shekel | ↔ | Euro |
| 1 ILS = 0.2619 EUR | 1 EUR = 3.8177 ILS | |
| ECB Exchange rates: 2025-03-04 14:57:22 |
Understanding the ILS to EUR Exchange Rate
The exchange rate represents how much one currency is worth in terms of another. In the case of ILS to EUR, it tells you how many Euros you can get for one Israeli Shekel. This rate is constantly fluctuating based on various economic factors, including interest rates, inflation, and geopolitical events. The table above provides a snapshot of the current exchange rate, sourced from the European Central Bank (ECB). Keep in mind that these rates are updated daily, typically reflecting data collected between 2:15 p.m. and 3:00 p.m. CET.
Why Exchange Rates Matter for ILS to EUR Conversions
Knowing the ILS to EUR exchange rate is essential for several reasons:
- Travel Budgeting: If you’re traveling from Israel to a Eurozone country, you’ll need to convert ILS to EUR. Understanding the exchange rate helps you accurately budget your trip expenses.
- International Business: Businesses engaged in trade between Israel and Eurozone countries need to monitor and understand these exchange rates for pricing goods and services, managing profits, and making financial forecasts.
- International Money Transfers: Sending money from Israel to Europe or vice versa requires currency conversion. A favorable exchange rate means your money goes further.
Save Money on International Transfers: Consider Wise
Traditional methods of international money transfer, like banks, often come with hidden costs. These costs are usually embedded in unfavorable exchange rates and additional fees, making international transfers more expensive than they need to be.
For a more cost-effective solution, consider using Wise (formerly TransferWise). Wise is known for its transparent fee structure and often provides exchange rates much closer to the mid-market rate – the real exchange rate you see on Google or Reuters. For example, transferring EUR 1000 to USD with a bank could cost around EUR 28 in fees, while Wise might charge as little as EUR 4 for the same transaction. This difference can be significant, especially for larger transfers.
Understanding Cross Currency Rates
The exchange rates provided are often based on “cross rates.” Cross currency rates are exchange rates between two currencies, where neither currency is the official currency of the country providing the quote. For instance, in the USA, any exchange rate between two currencies other than the US Dollar is considered a cross rate. The table below illustrates cross currency rates between major global currencies, allowing you to see the relative values and perform conversions between various pairs, including EUR and other currencies beyond just USD.
| EUR | USD | GBP | CHF | CAD | AUD | JPY |
|---|---|---|---|---|---|---|
| EUR | 1 | 1.0557 | 0.8279 | 0.9371 | 1.5224 | 1.6919 |
| USD | 0.9472 | 1 | 0.7842 | 0.8877 | 1.4421 | 1.6026 |
| GBP | 1.2079 | 1.2752 | 1 | 1.1319 | 1.8389 | 2.0437 |
| CHF | 1.0671 | 1.1266 | 0.8834 | 1 | 1.6246 | 1.8055 |
| CAD | 0.6569 | 0.6934 | 0.5438 | 0.6155 | 1 | 1.1113 |
| AUD | 0.5911 | 0.6240 | 0.4893 | 0.5539 | 0.8998 | 1 |
| JPY | 0.0064 | 0.0067 | 0.0053 | 0.0060 | 0.0097 | 0.0108 |
This currency converter data is updated daily using central bank information, ensuring you have access to relatively current exchange rates for your ILS to EUR conversions and beyond. For automated currency conversion needs, consider exploring currency converter APIs for real-time data integration.
*Data sourced from central bank information, updated daily between 2:15 p.m. and 3:00 p.m. CET.
