ILS postion negative correlationILS currency diagram

ILS (₪)

Israeli shekel

ILS gauge currency diagram

Current regime

Trading the ILS between market participants and across borders is unrestricted and the market price is primarily determined without central bank intervention.

Highly standardised payment processing.

History

The new shekel was introduced on 1 January 1986 to replace the hyperinflated old shekel at a ratio of 1:1000.

The value of the new shekel has since mid-1997 mostly been determined by market forces, and intervention has been limited to times of instability. Interest rate adjustments have served as the only tool for attaining the inflation target.

The ILS accounted for 0.3% of global FX turnover in April 2019.

https://www.boi.org.il/heb/Pages/HomePage.aspx

ILS gauge currency diagram