The US Dollar (USD) and the Israeli New Shekel (ILS) are two of the most actively traded currencies in the global foreign exchange market. The USD/ILS currency pair is one of the most liquid pairs due to both the high demand for these two currencies, as well as their geographical proximity. The USD/ILS rate is highly sensitive to news and events that have an impact on both countries, making it ideal for traders looking for short-term profits.
Traders who are interested in longer-term investments can also benefit from USD/ILS due to its relatively low volatility compared to other major currency pairs.
The Israeli New Shekel (ILS) has had a turbulent history against the US Dollar (USD). On 18th November 2005 it hit its highest ever point of 4.71 ILS to 1 USD, however this was short-lived and since then the rate has steadily been declining. The most recent dip in the exchange rate came on 10th December 2021 when it hit a low of 3.10 ILS to 1 USD. Traders should keep an eye out for changes in the exchange rate, as any sudden shifts could present either opportunities or threats.
The ILS has become increasingly attractive for traders looking to diversify their portfolios as it has become more stable against the USD. This makes it an ideal choice for long-term investors, especially those who are looking to capitalize on currency fluctuations between the two countries. Additionally, trading with ILS can provide greater liquidity than other currencies, making it easier to get into and out of trades.
Finally, investors should consider trading with other currencies as well, such as the Japanese Yen or the British Pound. Both these currencies offer a unique set of benefits for traders looking to diversify their portfolios and capitalize on global macroeconomic trends.
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* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.
Why Trade [[data.name]]
Make the most of price fluctuations - no matter what direction the price swings and with low capital investment.