1 Israeli Shekel to Australian Dollars

Find the daily exchange rates for ILS/AUD and for all the top World currencies.

Countries That Use Israeli Shekel (ILS) as their official currency

The Israeli Shekel (ILS) is used as the main currency in the following countries: Israel, Palestine

Countries That Use Australian Dollar (AUD) as their official currency

The Australian Dollar (Australian Dollar) is used as the main currency in the following countries: Australia, Cocos (Keeling) Islands, Kiribati, Nauru, Tuvalu

About The Israeli Shekel (AUD)

The AUD - Australian Dollar - is the official currency of Australia, including its external territories like Christmas Island, Cocos (Keeling) Islands, and Norfolk Island. The AUD is also used by several independent Pacific Island nations, including Kiribati, Nauru, and Tuvalu. Known by its symbol '$', and often abbreviated as 'A$', the Australian Dollar is subdivided into 100 smaller units called 'cents.' The AUD has become one of the world’s most traded currencies, reflecting the strength and stability of Australia's economy.

The Australian Dollar was introduced on February 14, 1966, replacing the Australian Pound, which was linked to the British Pound. The introduction of the decimal-based Dollar marked a significant shift in Australia’s financial system, streamlining commerce and aligning the currency more closely with other major economies that were already using decimal systems. The AUD initially maintained a fixed exchange rate under the Bretton Woods system, but in 1983, it transitioned to a free-floating currency. This move reflected Australia’s growing integration into the global economy and marked the beginning of its journey as a key player in international finance.

Australia is known for its abundance of natural resources, including coal, iron ore, gold, and natural gas, which makes the AUD a commodity-linked currency. The value of the AUD often moves in tandem with global commodity prices, particularly those related to minerals and agricultural products. This connection to commodities makes the AUD a popular currency for traders looking to capitalize on the ups and downs of global markets, particularly in relation to resource-driven economies.

The Reserve Bank of Australia (RBA) is responsible for issuing and regulating the currency, and it plays a critical role in maintaining the stability of the AUD. Australia was among the first countries in the world to introduce polymer banknotes, beginning in 1988. These banknotes, which are now used across all denominations, feature advanced security features and are known for their durability and resistance to counterfeiting. The banknotes depict important figures from Australia’s history, including Dame Nellie Melba, an internationally renowned opera singer, and David Unaipon, an Aboriginal inventor and author, as well as iconic Australian landmarks and native wildlife.

The coins are available in denominations of 5, 10, 20, and 50 cents, as well as 1 and 2 dollars. They depict symbols of national heritage, such as the kangaroo and the emu, both of which are significant to Australia’s identity. The reverse sides of the coins often feature commemorative designs that celebrate Australian culture, history, and achievements.

The Australian Dollar is widely accepted throughout the country and plays a vital role in both domestic and international trade. Due to Australia's proximity and strong economic ties with the Asia-Pacific region, the AUD is also widely used in financial transactions involving countries like China, Japan, and South Korea. The currency is often regarded as a barometer for global risk appetite, with its value typically rising during times of global economic optimism and falling during periods of uncertainty.

Tourists visiting Australia will find that the AUD is used everywhere, from bustling city centers to remote outback regions. The currency's colorful banknotes and distinct coins are not only practical but also serve as a representation of Australia’s rich cultural tapestry and natural beauty. The Australian Dollar remains a symbol of the country's economic resilience, adaptability, and active participation in the global marketplace.

About The Israeli Shekel (ILS)

The ILS - Israeli New Shekel - is the official currency of Israel and the Palestinian territories of the West Bank and Gaza Strip. It is symbolized by '₪' and abbreviated as 'ILS,' which stands for 'Israeli Shekel.' The currency is commonly referred to as the 'shekel' or 'new shekel' (NIS) and is subdivided into 100 smaller units called 'agorot.' The shekel has become a significant part of Israel’s economy, reflecting the country's innovative industries, technological advancements, and overall economic resilience.

The New Shekel was introduced in 1986, replacing the hyperinflation-affected old shekel at a rate of 1,000 old shekels to 1 new shekel. This introduction was part of a broader economic stabilization effort that helped control rampant inflation and laid the foundation for Israel’s current economic growth. The New Shekel is issued and regulated by the Bank of Israel, which plays a key role in maintaining monetary stability and overseeing the country's financial system. The Bank of Israel also sets interest rates to manage inflation and ensure economic stability.

The Israeli economy is highly developed, with key sectors including technology, pharmaceuticals, agriculture, and finance. The Israeli New Shekel plays an important role in supporting these industries, facilitating both domestic and international trade. Israel is known for its thriving startup ecosystem, often referred to as the 'Startup Nation,' and the stability of the ILS has been crucial in attracting foreign investment and supporting economic growth. The New Shekel is a free-floating currency, with its value determined by market supply and demand, and is considered one of the more stable currencies in the region.

The Israeli New Shekel is issued in both coin and banknote forms. Coins are available in denominations of 10 and 50 agorot, as well as 1, 2, 5, and 10 shekels. Banknotes are issued in denominations of 20, 50, 100, and 200 shekels. Each banknote features prominent Israeli cultural and historical figures, such as poets Rachel Bluwstein and Shaul Tchernichovsky, reflecting the country's cultural heritage and pride. The reverse sides of the banknotes depict landscapes, symbols, and imagery related to Israel's history, culture, and natural beauty. The modern series of banknotes also includes advanced security features to prevent counterfeiting.

The Israeli New Shekel is used across Israel and the Palestinian territories for all forms of transactions, from everyday purchases to real estate and large business deals. Tourists visiting Israel will use the shekel for their travel expenses, including exploring famous attractions such as the Western Wall, the Dead Sea, and Tel Aviv’s vibrant beaches. The currency serves as a symbol of Israel's independence, economic strength, and ability to innovate and adapt, reflecting the dynamic nature of the country’s economy.

The Bank of Israel maintains an active role in managing the shekel’s exchange rate through monetary policy and foreign exchange interventions when necessary. This helps stabilize the currency during times of significant global economic fluctuations and ensures that Israel’s export-driven economy remains competitive. Despite being a relatively small country, Israel has a significant economic presence on the global stage, and the shekel plays an important role in its ongoing growth and development.

The Israeli New Shekel is not only a tool for economic transactions but also a representation of the country’s resilience and growth. From its early years of hyperinflation to becoming one of the more stable currencies in the Middle East, the shekel symbolizes Israel’s journey toward economic maturity and its position as a leader in innovation and technology. The stability and strength of the ILS have been instrumental in Israel’s success as a key player in the global economy, and it continues to reflect the ambitions and achievements of the Israeli people.

Israeli Shekel (ILS) Frequently Used Conversions