1 Israeli Shekel to Japanese Yen

Find the daily exchange rates for ILS/JPY 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 Japanese Yen (JPY) as their official currency

The Japanese Yen (Japanese Yen) is used as the main currency in the following countries: Japan

About The Israeli Shekel (JPY)

The JPY - Japanese Yen - is the official currency of Japan, a country known for its rich history, advanced technology, and vibrant culture. The Japanese Yen is symbolized by '¥' and abbreviated as 'JPY,' and it is one of the most traded currencies in the world, alongside the US Dollar, Euro, and British Pound. The Yen is subdivided into 100 smaller units called 'sen,' although sen are no longer used in practical transactions. The Yen plays a vital role in Japan’s economy, the third largest in the world, and is also widely used as a reserve currency by many central banks due to its stability and Japan's economic strength.

The Japanese Yen was introduced in 1871, during the Meiji Restoration, a period of significant modernization and reform in Japan. The government introduced the Yen to replace the complex system of feudal currencies that existed during the Edo period, aiming to create a unified and modern monetary system similar to those in Western countries. The name 'Yen' means 'round object' in Japanese, referring to the shape of the coins. Over the years, the Yen has evolved to become one of the most influential currencies in global finance, reflecting Japan's economic growth and development, particularly during the post-World War II economic boom.

The Bank of Japan (BoJ), the country’s central bank, is responsible for issuing the Yen and regulating Japan's monetary policy. Founded in 1882, the BoJ plays a crucial role in maintaining the stability of the Yen, setting interest rates, and ensuring the overall health of the financial system. The bank's monetary policy often focuses on combating deflation, which has been a persistent issue for Japan's economy since the 1990s. The BoJ also intervenes in the foreign exchange market when necessary to stabilize the Yen, especially during times of significant global economic uncertainty.

The Japanese Yen is issued in both coin and banknote forms. Coins are available in denominations of 1, 5, 10, 50, 100, and 500 Yen. Banknotes are issued in denominations of 1,000, 2,000, 5,000, and 10,000 Yen. Each banknote features notable figures from Japanese history and culture, such as the writer Natsume Sōseki, educator and philosopher Yukichi Fukuzawa, and Empress Shōtoku. The reverse sides of the banknotes include imagery that highlights Japan's cultural heritage, such as Hōryū-ji Temple and Mount Fuji, symbolizing the country's natural beauty and deep cultural roots. The banknotes also incorporate advanced security features, including holograms and microprinting, to prevent counterfeiting.

Japan's economy is diverse and highly developed, with key industries including automotive manufacturing, electronics, robotics, and finance. The Japanese Yen plays a central role in supporting these industries by facilitating domestic trade, international exports, and investment. Japan is one of the world’s largest exporters, and the value of the Yen often fluctuates based on global economic conditions, including demand for Japanese goods and services. The stability of the Yen and Japan's reputation for high-quality manufacturing have helped the country maintain a strong presence in international trade, and the Yen is frequently used in international transactions, particularly in Asia.

The Japanese Yen is used throughout Japan for all types of transactions, from daily purchases in convenience stores and markets to large financial transactions in Tokyo’s bustling business districts. Tourists visiting Japan will use the Yen for their travel expenses, including exploring famous attractions such as Tokyo Tower, Kyoto's ancient temples, and the hot springs of Hakone. The Yen serves as both a practical currency for daily life and a symbol of Japan's cultural identity, economic strength, and technological advancement.

The Japanese Yen has faced challenges over the years, including periods of deflation and economic stagnation, particularly during the 'Lost Decade' of the 1990s. However, Japan’s strong financial system, prudent economic policies, and commitment to technological innovation have helped the Yen remain a stable and trusted currency in global finance. The Yen continues to serve as a key currency for international trade and investment, embodying Japan's resilience, economic prowess, and determination to adapt and thrive in a constantly changing world.

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