USDILS exchange rate

USD/ILS

2.9584 ILS

+0 (+2.49%)

1MN

USDILS Key Statistics

Open price

2.8869

High today

2.9617

Low today

2.8867

52 Week high

3.462205

52 Week low

2.7988

Trading hours

-12:00

-11:00

-10:00

-09:00

-08:00

-07:00

-06:00

-05:00

-04:00

-03:00

-02:00

-01:00

UTC 00:00

+01:00

+02:00

+03:00

+03:30

+04:00

+04:30

+05:00

+05:30

+05:45

+06:00

+07:00

+08:00

+09:00

+09:30

+10:00

+11:00

+12:00

+12:45

+13:00

+14:00

UTC 00:00

Symbol trading specification

Trade USD/ILS

About USDILS

The USDILS forex pair is an exotic pair consisting of the US dollar (USD) as the base currency and the Israeli Shekel (ILS) as the quote currency. This pairing is popular among traders but less heavily traded than the major pairs. USDILS refers to how many ILS are needed to purchase one USD.

What is USDILS?

One of the most stable forex market indexes remains the USDILS, which shows the relationship between the US Dollar and the Israeli Shekel. These nations have prime commercial and trade cooperation, and Israel has one of the most thriving economies in the world. The USDILS is one of the major indexes in the forex markets. It shows the relative strength of the Israeli currency, the Shekel, against the world's most popular currency, the US Dollar. Even though Israel has changed its denominations at least twice since the 1950ies, the Shekel remains a stable currency necessary for its neighbors in the Middle East to perform commercial trade between them. Also, Israel has a lot of trade relations with the EU countries, so they all need Shekels to have in their depositories to ensure they can order goods and services from Israel. These connections are essential for those willing to understand how to invest in USDILS.

How does USDILS work?

The currency pair works by trading on various platforms, like SimpleFX. First, the trader needs to open an account. SimpleFX provides a demo account where investors can learn how to trade USDILS. It gives access to the simulation of real-time market conditions without financial risks. The USDILS market constantly works. On the other hand, investors can place their investments even through the weekends and check the course of the index. Most people never get actual Shekels or USD to perform the transactions. Everything happens electronically, and most people like to invest in the Forex index through brokers and other financial institutions.

USDILS price history

Here is the latest historical performance of the USDILS index:

2018

In 2018, the USDILS index was always close to the 3.68 Shekels for 1 USD. Even though the commercial relations between the United States and Israel did not change, we saw some fluctuations in 2018 related to inflation issues in Israel and the geopolitical turmoil in the Middle Eastern area.

2019

The US economy had some issues during 2019, leading the USDILS index even lower to 3.25 Israeli Shekel for 1 US Dollar. It is one of the lowest historical prices for the USDILS index, as seen in the graphs for this great financial instrument.

2020

2020 was the year when the Israeli economy outperformed. That's why we saw the USDILS index go close to 3.19 Israeli Shekels for 1 USD. It was the time when the Israeli economy started getting isolated to get protected from the pandemic wave. Their bank sold a lot of foreign currencies to support the local economy, which is why the Israeli Shekel remained relatively stable against the US Dollar.

2021

When 2021 arrived, the Israeli Shekel was further appreciated against the US Dollar. Its median price throughout the year was close to 3.13 Israeli Shekels for 1 US Dollar. When analysts see that year, they believe that the index could easily go even lower. However, the support from the FED made the US Dollar appreciate by the end of that year.

2022

The worldwide inflation wave reached Israel's borders, so the USDILS significantly depreciated in 2022. The market price of the index went up to 3.45 Israeli Shekels for 1 USD. That created issues in the Israeli economy that depend on the US economy regarding imported goods and services, weapons, and high technology.

Current USDILS price

The current USDILS price is subject to fluctuation due to the volatility of the forex market. Investors can check it on the chart or the SimpleFX Webtrader platform.

Is USDILS a good investment?

Whether USDILS is a good investment depends on factors such as interest rates, monetary policies, geopolitical events, etc. The answer depends on analyzing these factors and the potential returns on investment. If the factors are also stable and there are more chances of return, this currency pair brings more interest from investors worldwide.