Convert USD to ILS
The USD/ILS currency pair sees a movement of around 220 pips on average.
The ILS shares a strong, positive correlation with global equity markets. When stock indices trade bullish, the Israeli shekel strengthens against the US dollar.
The ILS has appreciated by over 9.5% since December 2018 until September 2020, especially against the US dollar, boosted by strong fundamentals of the Israeli economy. A huge trade surplus and high levels of natural gas production in Israel, as well as strong levels of household savings have helped boost the country's current account, making the economy and the currency stronger.