![]() Accordingly parties to transactions that are indexed to foreign currency may use any exchange rate on which they agree. Importantly, the representative rate is an indicator of the exchange rate in use but has no obligatory status under law. The representative rate is based on the rate prevailing in the market at the time it is set. On each foreign currency business day in Israel, the Bank of Israel publishes the representative exchange rate of the shekel against foreign currencies. Section 4(3) of the Law states that one of the functions of the Bank of Israel is "Supporting the orderly activity of the Foreign Currency market in Israel." In this capacity the Markets Department monitors market performance. The site also publishes reference charts detailing historic annual average exchange rates for 24 currencies against the US dollar, Canadian dollar, pound sterling, and Euro: Foreign Currency Units per 1 U.S. ![]() Red dot Audio is not supported in your browser. On the Official USD to EUR Exchange Rate: Close: 1 USD 0.8985 EUR. In the early 1990s, foreign-currency control was gradually repealed in a liberalization process. This question is for testing whether you are a human visitor and to prevent automated spam submission. ![]() However, the Bank reserves the right to intervene in foreign currency trading when necessary. Convert between all major global currencies, precious metals, and crypto with this currency calculator and view the live mid-market rates. Today, the exchange rate policy is based on unrestrained fluctuation of the domestic currency against other currencies. Calculate live currency and foreign exchange rates with the free Xe Currency Converter. ![]() We have great deals on the Pound to Euro exchange rate, the Pound to Dollar exchange rate and much. Foreign currency trading takes place mainly between banks and their customers in Israel and abroad and among banks themselves. Check todays exchange rate for the currency you need below. ![]()
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