Convert USD to ILS - US Dollar to Israeli shekel Exchange Rate | FX LeadersFX Leaders
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WHAT IMPACTS THE USD/ILS EXCHANGE RATE
Trading the US dollar against the Israeli new shekel, the USD/ILS is considered an exotic pair to trade in the forex market. The exchange rate of this currency pair is heavily influenced by the release of key economic data from the US and Israel, including CPI, industrial production, GDP, unemployment rate, business confidence, consumer confidence and trade balance.In addition, changes to the monetary policy or interest rates by the Federal Reserve and the Bank of Israel also drive fluctuations in the value of the USD and the ILS respectively. Geopolitical tensions in the Middle East region also have a significant impact on the value of the Israeli new shekel and can drive volatility in the USD/ILS currency pair.In September 2020, the USD/ILS weakened to a 12-year low as the Shekel appreciated against the US dollar, despite factors like the second wave of the coronavirus pandemic, economic recession due to the pandemic and political instability.
USD to ILS CONVERSION RATES
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USD to ILS CHARTS
USD/ILS Live Chart
USD/ILS Historical Chart
USD to ILS EXCHANGE RATE - FAQ
How volatile are USD and ILS?

The USD/ILS currency pair sees a movement of around 220 pips on average.

What is the correlation between the stock markets and ILS?

The ILS shares a strong, positive correlation with global equity markets. When stock indices trade bullish, the Israeli shekel strengthens against the US dollar.

What are the reasons behind the recent strengthening in the ILS?

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.