Current Date And Time In Palestine
Thursday, 21 May 2026
19:28:17 EEST
Capital: East Jerusalem
Currency: Israeli new shekel (ILS)
Timezone: UTC +02:00 (EEST)
Population: 5,480,602
Israeli new shekel (ILS) is the official currency of Palestine, represented by the symbol ₪. This comprehensive currency guide provides real-time exchange rates, forex trading data and practical information for international businesses, traders and financial professionals conducting transactions with Palestine.
Benefits for Professionals: Real-time exchange rates • Hourly currency updates • Major currency pairs • ISO 4217 currency codes • International payment reference • Forex trading data • Business transaction rates • Travel currency planning • Currency converter tool • Market research foundation for international operations and cross-border commerce
Israeli New Shekel (ILS) is the official legal tender of Palestine, identified by the currency symbol ₪ and the ISO 4217 code ILS. This profile provides the core reference data for the ILS currency — including its official name, symbol, issuing country and continental region — useful for international invoicing, forex identification, banking transactions and cross-border payment processing involving Palestine.
| Currency Name | Israeli New Shekel |
| ISO 4217 Code | ILS |
| Currency Symbol | ₪ |
| Country | Palestine |
| Continent | Asia |
This table lists live ILS exchange rates against every major world currency — showing exactly how much 1 ₪ Israeli New Shekel is worth in each foreign currency, plus the inverse rate (how much of each foreign currency equals 1 ILS). Rates are recalculated hourly, making this the most current ILS conversion reference for forex traders, importers/exporters, international businesses and travelers dealing with Palestine.
⏰ Updated hourly • May 21, 2026 10:58 AM UTC
Compare the Israeli New Shekel (ILS) against the five most traded currencies in global forex markets: the US Dollar (USD), Euro (EUR), Japanese Yen (JPY), British Pound (GBP) and Chinese Yuan (CNY). This ILS vs major currencies comparison shows both the direct rate — how much foreign currency 1 ₪ buys — and the inverse rate, useful for pricing Palestine imports and exports, benchmarking ILS strength and planning international financial transactions.
⏰ Live Rate • Updated Hourly • May 21, 2026 4:30 AM UTC
💡 Need more conversions? Use our Currency Converter Tool for hourly-updated rates, historical data and calculations for 100+ currencies.
See how the Israeli New Shekel (ILS) compares against every other currency used across Asia. This ILS regional currency comparison is essential for intra-continental trade pricing, cross-border travel budgeting, regional investment analysis, and understanding Palestine's currency strength relative to its continental neighbours. Each row shows both the direct and inverse conversion rate so you can instantly calculate costs in either direction.
⏰ Live Rate • Updated Hourly • May 21, 2026 4:30 AM UTC
🌍 Planning to travel or trade in Asia? Compare exchange rates and use our currency converter for accurate regional conversions.
The Israeli new shekel is also the official currency in these countries:
The Israeli new shekel (ILS) serves as the official monetary unit of Palestine, facilitating all domestic and international financial transactions. Represented by the symbol ₪, this currency plays a crucial role in Palestine's economy, international trade relationships and global financial markets.
The ISO 4217 standard currency code ILS is universally recognized in international banking systems, forex trading platforms, financial documentation and electronic payment processing. This three-letter code ensures accurate currency identification across global financial networks, preventing errors in international money transfers, foreign exchange transactions and cross-border commerce operations.
The ILS exchange rate fluctuates continuously in global forex markets based on economic indicators, central bank policies, trade balances, inflation rates, political stability and investor sentiment. Real-time ILS exchange rates are essential for international businesses conducting import/export operations, multinational corporations managing currency risk, forex traders executing market strategies and travelers planning international trips to Palestine.
Major ILS currency pairs traded in forex markets include ILS/USD (Israeli new shekel to US Dollar), ILS/EUR (Israeli new shekel to Euro), ILS/GBP (Israeli new shekel to British Pound) and ILS/JPY (Israeli new shekel to Japanese Yen). Professional forex traders analyze technical indicators, economic data releases and geopolitical events to predict ILS price movements and identify profitable trading opportunities.
Businesses engaged in international trade with Palestine must manage ILS currency exposure through hedging strategies, forward contracts and currency options to mitigate exchange rate risk. Understanding ILS conversion rates is critical for accurate pricing strategies, profit margin calculations, contract negotiations and financial forecasting when conducting business operations in Palestine's markets.
Importers purchasing goods from Palestine require ILS to settle invoices, while exporters selling products to Palestine receive payment in Israeli new shekel. Currency conversion fees, bank transfer charges and exchange rate spreads significantly impact transaction costs, making competitive ILS exchange rates essential for maintaining profit margins in cross-border commerce.
Travelers visiting Palestine need to exchange their home currency for Israeli new shekel (ILS) to pay for accommodations, transportation, dining, shopping and tourist attractions. The ILS exchange rate directly affects travel budgets, with favorable rates providing greater purchasing power for international visitors exploring Palestine's destinations.
Currency exchange options for travelers include airport exchange counters, local banks, ATM withdrawals, credit card transactions and specialized currency exchange services. Comparing ILS exchange rates across providers helps travelers minimize conversion fees and secure the best value when converting foreign currency to Israeli new shekel for their Palestine travel expenses.
Our ILS currency converter provides instant exchange rate calculations between Israeli new shekel and 180+ world currencies, powered by real-time market data updated hourly. This professional-grade tool serves forex traders conducting technical analysis, business professionals managing international payments, e-commerce merchants pricing products for Palestine's market and travelers planning trip budgets.
Access historical ILS exchange rates, currency trend charts, volatility analysis and comparative currency data to support strategic decision-making in international finance, cross-border investments and global business expansion initiatives targeting Palestine's economy. Our comprehensive currency database includes ISO 4217 codes, currency symbols, decimal specifications and related financial reference data for professional applications.
The ILS value reflects Palestine's economic health, including GDP growth rates, unemployment levels, inflation trends, trade balance figures, foreign investment flows and central bank monetary policies. Financial analysts and market researchers monitor these ILS economic indicators to forecast currency movements, assess investment opportunities and evaluate country risk for international business ventures.
Understanding Israeli new shekel dynamics is essential for portfolio managers allocating assets internationally, corporate treasurers managing foreign exchange exposure, financial institutions processing cross-border payments and businesses expanding operations into Palestine's market. Stay informed with our live ILS exchange rates, market insights and professional currency tools designed for international finance professionals and global business operations.
Disclaimer We can not guarantee that the information on this page is 100% correct.