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base info OKB

OKB to Israeli New Shekel Converter and calculator

Convert 1OKB (OKB) to Israeli New Shekel (ILS) equals ₪ 201.43 | Bitget

ILS information

About the Israeli New Shekel (ILS)

What Is the Israeli New Shekel (ILS)?

The Israeli New Shekel (ILS), symbolized as ₪ and sometimes abbreviated as NIS, is the official currency of Israel. ILS is the international three-letter abbreviation for this currency, which has been in use since 1986. The new shekel replaced the hyper-inflated original shekel at a ratio of 1000 to 1. At the time of its introduction, it was identified by the abbreviation NIS to distinguish it from the old shekel. The Israeli New Shekel is subdivided into 100 agorot and is also used in the Palestinian territories of the West Bank and the Gaza Strip.

The Israeli New Shekel is issued by the Bank of Israel, which is the central bank of Israel. The Bank of Israel is responsible for the design, production, and distribution of the nation's currency, as well as for implementing monetary policy, maintaining financial stability, and managing foreign exchange reserves. The bank's role in issuing currency includes ensuring the security and integrity of the Israeli New Shekel, both in terms of coins and banknotes.

What Is the History of ILS?

The term "shekel" has ancient roots, originating from a Biblical currency and unit of weight. The modern Israeli currency system evolved through various stages, starting with the Palestine pound issued by the Anglo-Palestine Bank up to 1952. This was replaced by the Israeli pound (lira yisraelit) in 1952, which was in turn replaced by the shekel in 1980. Due to hyperinflation, the old shekel was replaced by the new shekel in 1986.

Notes and Coins of ILS

The Israeli New Shekel (ILS) features a diverse array of coins and banknotes that are not only integral to daily transactions but also reflect the country's rich cultural heritage. The coin denominations include 5 and 10 agorot, and ½, 1, 2, 5, and 10 new shekels. The Bank of Israel introduced a new series of coins with updated inscriptions in 2022. The banknotes, in denominations of 20, 50, 100, and 200 new shekels. The banknotes incorporate advanced security features and are printed by Orell Füssli Security Printing in Switzerland.

Economic Stability and Exchange Rates

Since the 1980s economic crisis, Israel has adopted conservative fiscal and monetary policies, leading to a more stable economy and currency. The new shekel has been a freely convertible currency since 2003 and is traded on global markets. Over the years, the shekel has strengthened against major currencies like the US dollar, reflecting Israel's growing economic stability.

The new shekel's value has fluctuated over time against various currencies. Its exchange rate against major currencies like the US dollar, euro, and pound sterling has been influenced by global economic trends and Israel's economic policies.

Is ILS a Strong Currency?

The Israeli New Shekel is recognized as one of the world's strongest currencies, a status supported by Israel's stable economy, low inflation, and substantial foreign exchange reserves. Ranking 12th globally in foreign investment, with significant growth in recent years, the shekel benefits from Israel's robust economic performance and investor confidence. The thriving technology sector and strategic global trade position further reinforce its strength. As a free-floating fiat currency, the shekel's value, notably strong against the US dollar, reflects market trust. Despite potential sensitivities to regional geopolitics and internal political shifts, the shekel's resilience, especially during global economic downturns, indicates a promising outlook for Israel's economy and its currency.

What Is the Difference Between Israeli New Shekel and Israeli Old Shekel?

The transition from the Israeli Old Shekel to the Israeli New Shekel marked a significant shift in Israel's monetary history, primarily driven by the need to combat hyperinflation and stabilize the economy. The Old Shekel, in circulation from 1980 to 1985, suffered from severe devaluation and economic instability, leading to its replacement in 1986 by the New Shekel at a ratio of 1000:1. This change was a crucial part of Israel's broader economic stabilization plan, which included adopting more conservative fiscal and monetary policies. The introduction of the New Shekel not only curbed the rampant inflation but also restored confidence in the national currency. It brought with it new banknotes and coins featuring updated designs and enhanced security features, reflecting both the cultural aspects of the time and the need for a more robust and stable monetary system.

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Bitget crypto-to-fiat exchange data shows that the most popular OKB currency pair is the OKB to ILS, with for OKB's currency code being OKB. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for ILS.

OKB to ILS conversion rate trend

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In the past 1D, OKB has changed +1.01% to ILS. Based on the trend and price charts, OKB(OKB) has changed +1.01% to ILS while Israeli New Shekel(ILS) has changed % to OKB in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
₪201.43
0.0001% / 0.0004%vip-iconVIP
OKX
₪201.06
0.080% / 0.100%
Yes
Gate.io
₪201.06
0.1000% / 0.1000%
Yes
Last updated 2024/04/15 06:00:26(UTC+0)

What factors influence the conversion rate of OKB to Israeli New Shekel?

OKB to Israeli New Shekel is falling this week.
OKB's current market price is ₪ 201.43 per OKB, with a total market cap of ₪ 12,085,908,165.36 ILS based on a circulating supply of 60,000,000 OKB. The trading volume of OKB has changed by -49.37% (₪ -38,002,107.44 ILS) in the last 24 hours. Last trading day, OKB's trading volume was ₪ 76,971,126.17.
Market cap
$3.20B
24h volume
$10.33M
Circulating supply
60.00M OKB

Conversion tables

The exchange rate of OKB is decreasing.
1 OKB is currently valued at ₪ 201.43 ILS , which means buying 5 OKB will cost ₪ 1,007.16 ILS . Similarly, ₪1 ILS can be traded for 0.004964 OKB, and ₪50 ILS can be converted to 0.2482 OKB, excluding any platform or gas fees.
The exchange rate of 1 OKB to Israeli New Shekel has changed by -8.35% in the last 7 days. In the last 24 hours, the rate has fluctuated by +1.01%, reaching a high of 206.47 ILS and a low of 193.48 ILS . One month ago, the value of 1 OKB was ₪ 247.65 ILS , which represents a -18.66% change from its current value. Over the last year, OKB has changed by
-
2.83ILS
, resulting in a change of -1.39% in its value.

OKB to ILS

Amount
06:19 am today
0.5 OKB
100.72
1 OKB
201.43
5 OKB
1,007.16
10 OKB
2,014.32
50 OKB
10,071.59
100 OKB
20,143.18
500 OKB
100,715.9
1000 OKB
201,431.8

ILS to OKB

Amount06:19 am today
0.5ILS0.002482  OKB
1ILS0.004964  OKB
5ILS0.02482  OKB
10ILS0.04964  OKB
50ILS0.2482  OKB
100ILS0.4964  OKB
500ILS2.48  OKB
1000ILS4.96  OKB
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Today vs. 24 hours ago

Amount06:19 am today24 hours ago24h change
0.5 OKB$26.69$26.42
+1.01%
1 OKB$53.38$52.84
+1.01%
5 OKB$266.89$264.22
+1.01%
10 OKB$533.78$528.44
+1.01%
50 OKB$2,668.89$2,642.2
+1.01%
100 OKB$5,337.78$5,284.39
+1.01%
500 OKB$26,688.9$26,421.96
+1.01%
1000 OKB$53,377.8$52,843.92
+1.01%

Today vs. 1 month ago

Amount06:19 am today1 month ago1M change
0.5 OKB$26.69$32.81
-18.66%
1 OKB$53.38$65.63
-18.66%
5 OKB$266.89$328.13
-18.66%
10 OKB$533.78$656.26
-18.66%
50 OKB$2,668.89$3,281.29
-18.66%
100 OKB$5,337.78$6,562.58
-18.66%
500 OKB$26,688.9$32,812.9
-18.66%
1000 OKB$53,377.8$65,625.81
-18.66%

Today vs. 1 year ago

Amount06:19 am today1 year ago1Y change
0.5 OKB$26.69$27.06
-1.39%
1 OKB$53.38$54.13
-1.39%
5 OKB$266.89$270.64
-1.39%
10 OKB$533.78$541.28
-1.39%
50 OKB$2,668.89$2,706.4
-1.39%
100 OKB$5,337.78$5,412.8
-1.39%
500 OKB$26,688.9$27,064.02
-1.39%
1000 OKB$53,377.8$54,128.03
-1.39%

FAQ

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