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About this currency pair
Euro (EUR) — the shared currency of the eurozone
The euro is the shared currency of the eurozone, used across many European economies rather than a single country. It was introduced for accounting and electronic payments in 1999 and euro cash followed in 2002, making it a common reference for travel, online shopping, invoices, salaries, savings and cross-border business inside Europe. It is also one of the main currencies followed in global foreign-exchange markets.
Israeli New Sheqel (ILS) — the currency of Israel
The new shekel replaced the old shekel in 1985 after Israel’s stabilization reforms, so ILS is the modern code for current Israeli prices. The Israeli New Sheqel is used in Israel and often appears in travel spending, public fees, salaries, remittances, trade and regional business invoices. Conversions are useful for travel, remittances, local pricing, accounting records and comparing costs with larger international currencies. For conversion pages, ILS is useful when translating local prices into major reference currencies or comparing historical and current market values.