The Israeli shekel (ILS) is the official currency of Israel, and it's essential to know the current exchange rates to get the best value for your money when traveling or doing business with the country.
The exchange rate between the Israeli shekel and the Nigerian naira (NGN) can fluctuate frequently, so it's crucial to check the latest rates before making any transactions.
According to the Central Bank of Nigeria, the exchange rate of the Israeli shekel to the naira can be influenced by various factors, including global economic trends and geopolitical events.
In 2022, the exchange rate of the Israeli shekel to the naira was around 1 ILS to 210 NGN, but this rate can change daily.
Conversion Basics
Converting between Israeli Shekel (ILS) and Nigerian Naira (NGN) can be a bit tricky, but understanding the basics can make it easier.
The exchange rate between ILS and NGN is not fixed and can fluctuate daily. This means the value of one currency relative to the other can change rapidly.
To give you an idea of the current exchange rate, let's look at some examples. For instance, if you have 1 NGN, it's equivalent to 0.00235 ILS, as shown in the conversion chart.
Here are some common conversions to keep in mind:
To convert ILS to NGN, you can use the exchange rate. For example, if the exchange rate is 1 ILS = 140 NGN, to convert 100 ILS into NGN, you would calculate 100 ILS × 140 NGN/ILS = 14,000 NGN.
Exchange Rates
The exchange rate is a crucial factor when converting Israeli Shekels to Nigerian Nairas. The highest ILS to NGN exchange rate in the last year was 464.46 Nigerian Nairas per Israeli New Shekel on November 29, 2024.
Over the last 90 days, the ILS to NGN exchange rate peaked at 464.46 and dipped to a low of 419.60, averaging 439.05. This volatility is a significant aspect to consider when making financial decisions.
The current exchange rate is 424.05 NGN per ILS, as of January 13, 2025 08:15 PM UTC. This rate is subject to change and may fluctuate throughout the day.
Here's a breakdown of the exchange rate for different amounts of Israeli Shekels:
Historical Rates
The current exchange rate for 1000 Israeli Shekels to Nigerian Naira is 423,333.15 Nigerian Naira. This rate is based on current market conditions and can fluctuate over time.
The bid price, which is the price at which you can sell 1000 Israeli Shekels, is 423,311.93 Nigerian Naira. This is slightly lower than the current rate, which suggests that there may be a small opportunity for profit if you're selling Israeli Shekels.
The ask price, which is the price at which you can buy 1000 Israeli Shekels, is 423,181.68 Nigerian Naira. This is slightly lower than the current rate, which means that you'll have to pay a premium to buy Israeli Shekels.
Here is a summary of the exchange rates:
Last Year's Highest Rate
The highest ILS to NGN exchange rate in the last year was 464.46 Nigerian Nairas per Israeli New Shekel, which was reached on November 29, 2024.
This rate is a significant milestone in the exchange history between ILS and NGN, marking a peak in the value of the Nigerian Naira compared to the Israeli New Shekel.
The exact date of this peak is November 29, 2024, a specific moment in time that highlights the dynamic nature of currency exchange rates.
Highest Rate in the Last 10 Years
The highest rate in the last 10 years is a great question to ask. According to historical data, the highest ILS to NGN exchange rate in the last 10 years was on November 29, 2024, when each Israeli New Shekel was worth 464.46 Nigerian Nairas.
This rate was significantly higher than the average rate, which is a great indicator of the volatility of currency exchange. The highest rate in the last 90 days was 464.46 NGN, and in the last 30 days, it was 439.72 NGN.
If you're looking to convert a large amount of ILS to NGN, you'll want to keep an eye on the current rate and be prepared to act when it reaches its peak. The highest rate in the last 10 years was a significant one, and it's worth noting that the rate has fluctuated significantly over the past decade.
Here's a summary of the highest ILS to NGN exchange rates in the last 10 years:
Remember, currency exchange rates can be unpredictable, so it's essential to stay informed and be prepared to adapt to changing market conditions.
Frequently Asked Questions
The Israeli Shekel (ILS) is the official currency of Israel, but you might be wondering how to exchange it for Naira (NGN) in Nigeria.
You can exchange Israeli Shekels for Naira at a bank or a currency exchange office.
The exchange rate between ILS and NGN can fluctuate depending on market conditions.
You can check the current exchange rate on websites like XE or Oanda.
It takes around 3-5 business days for the exchange to be processed.
You can also use a money transfer service like TransferWise to exchange your Shekels for Naira.
TransferWise has a lower transfer fee compared to traditional banks.
The minimum transfer amount for TransferWise is $1.
Featured Images: pexels.com
