Convert United States Dollar to Israeli New Sheqel
Please provide values below to convert United States Dollar [USD] to Israeli New Sheqel [ILS], or Convert Israeli New Sheqel to United States Dollar.
How to Convert United States Dollar to Israeli New Sheqel
1 USD = 0.298953662182362 ILS
Example: convert 15 USD to ILS:
15 USD = 15 × 0.298953662182362 ILS = 4.48430493273543 ILS
United States Dollar to Israeli New Sheqel Conversion Table
| United States Dollar | Israeli New Sheqel |
|---|
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.
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.