Convert Israeli New Sheqel to United States Dollar
Please provide values below to convert Israeli New Sheqel [ILS] to United States Dollar [USD], or Convert United States Dollar to Israeli New Sheqel.
How to Convert Israeli New Sheqel to United States Dollar
1 ILS = 3.345 USD
Example: convert 15 ILS to USD:
15 ILS = 15 × 3.345 USD = 50.175 USD
Israeli New Sheqel to United States Dollar Conversion Table
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Israeli New Sheqel
The Israeli New Sheqel (ILS) is the official currency of Israel, used for everyday transactions and economic activities within the country.
History/Origin
The Israeli New Sheqel was introduced in 1985, replacing the old Sheqel at a rate of 1,000 old Sheqels to 1 New Sheqel, as part of economic reforms to stabilize the Israeli economy.
Current Use
Today, the ILS is widely used in Israel for all financial transactions, including banking, commerce, and government operations, and is also accepted in some Palestinian territories.
United States Dollar
The United States Dollar (USD) is the official currency of the United States of America, used as a standard unit of monetary value and exchange.
History/Origin
The USD was established in 1792 with the Coinage Act, replacing the Continental Congress's Continental Currency. It has since become one of the world's dominant reserve currencies, influenced by the economic growth of the U.S. and global financial markets.
Current Use
The USD is widely used domestically and internationally for trade, investment, and as a reserve currency. It is the most traded currency in the foreign exchange market and is used as the standard currency in many international transactions.