1 Israeli Shekel to US Dollars

Find the daily exchange rates for ILS/USD 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 US Dollar (USD) as their official currency

The US Dollar (US Dollar) is used as the main currency in the following countries: Bonaire, British Indian Ocean Territory, East Timor, Ecuador, El Salvador, Marshall Islands, Saba, Sint Eustatius, Turks and Caicos Islands, United States

About The Israeli Shekel (USD)

The USD - United States Dollar - is the official currency of the United States of America, the world's largest economy. The Dollar is symbolized by '$' and abbreviated as 'USD,' and it is subdivided into 100 smaller units called 'cents.' The US Dollar is not only the most widely used currency in the United States but is also considered the world's primary reserve currency. As the standard unit of currency for global trade and financial transactions, the US Dollar plays a crucial role in the international financial system, reflecting the economic power and influence of the United States.

The United States Dollar has a rich history, dating back to 1792 when it was established by the Coinage Act. The term 'dollar' originated from the Spanish 'dólar,' which in turn was derived from the Dutch word 'daalder,' referring to a type of silver coin used in Europe. The introduction of the Dollar helped create a standardized monetary system for the newly formed United States, replacing the diverse colonial currencies and promoting economic cohesion across the young nation. Since its inception, the US Dollar has become a symbol of stability and trust, supported by the strength of the American economy and its global influence.

The Federal Reserve, often referred to as 'the Fed,' is the central bank of the United States, established in 1913 to provide the nation with a safer, more flexible, and more stable monetary and financial system. The Federal Reserve is responsible for issuing the US Dollar and setting monetary policy to manage inflation, stabilize prices, and promote economic growth. The Fed plays a key role in regulating interest rates, overseeing the banking system, and ensuring the stability of the Dollar both domestically and internationally. The US Dollar is a free-floating currency, with its value determined by market forces based on supply and demand in the foreign exchange market.

The US Dollar is issued in both coin and banknote forms. Coins are available in denominations of 1, 5, 10, 25, and 50 cents, as well as 1 Dollar. Banknotes are issued in denominations of 1, 2, 5, 10, 20, 50, and 100 Dollars. Each banknote features portraits of prominent historical figures, such as George Washington, Thomas Jefferson, and Abraham Lincoln, reflecting the legacy and leadership of those who played key roles in shaping the United States. The reverse sides of the banknotes include iconic national symbols, such as the Great Seal of the United States and significant landmarks. The banknotes are designed with advanced security features, including watermarks, color-shifting ink, and 3D security ribbons, to prevent counterfeiting.

The United States Dollar is widely accepted not only across the United States but also internationally, serving as the dominant currency for global trade, investment, and reserve holdings. Many countries around the world use the US Dollar as an official or unofficial currency, and it is often used for transactions in countries experiencing high inflation or economic instability. The Dollar's stability, liquidity, and widespread acceptance make it a preferred currency for international business transactions and cross-border investments. The value of the US Dollar is influenced by a wide range of factors, including economic data, Federal Reserve policies, political events, and global trade dynamics.

The US Dollar is used for all types of transactions within the United States, from everyday purchases at grocery stores and restaurants to major business deals and real estate transactions. Tourists visiting the United States will use the Dollar for their travel expenses, including exploring famous attractions such as the Statue of Liberty, the Grand Canyon, Times Square, and the Golden Gate Bridge. The Dollar serves as both a practical currency for daily life and a symbol of American economic strength, resilience, and the nation's global influence.

Despite facing challenges over the years, including economic recessions, periods of inflation, and global financial crises, the United States Dollar has remained a stable and trusted currency. The resilience of the US economy, its strong institutions, and the Federal Reserve's monetary policies have helped maintain confidence in the Dollar. As the United States continues to lead in innovation, technology, and global trade, the US Dollar will remain an essential part of the international financial system, representing economic stability, opportunity, and leadership. The Dollar embodies the economic might of the United States and its role as a cornerstone of the global economy.

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