3.77 ILS
+0.01 (+0.39%)

USDILS Key Statistics

Open price
3.7548
High today
3.7758
Low today
3.7509
52 Week high
4.0445
52 Week low
3.5385
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
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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.

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