The exchange rate of the Israeli New Sheqel (ILS) to the Pakistani Rupee (PKR) fluctuates, but based on recent data, the average exchange rate over the last 30 days has been approximately 74.47 Pakistani Rupees (PKR) for 1 Israeli New Sheqel (ILS).
Understanding currency exchange rates is essential for international transactions, travel, or simply monitoring economic trends. The "price of Israel in Pakistan" can be accurately interpreted as the value of Israel's currency, the Israeli New Sheqel, when converted into Pakistan's currency, the Pakistani Rupee.
Recent Exchange Rate Trends
Currency exchange rates are dynamic, constantly changing due to various economic factors. Analyzing historical data provides a clearer picture of their movement. Below is a summary of the ILS to PKR exchange rate trends over the last 30 and 90 days:
| Period | High (ILS to PKR) | Low (ILS to PKR) | Average (ILS to PKR) | Change (%) |
|---|---|---|---|---|
| Last 30 Days | 76.2782 | 73.2498 | 74.4728 | 1.91% |
| Last 90 Days | 76.8341 | 72.9219 | 74.3789 | -0.23% |
This data indicates that while there has been a slight increase in the ILS value against the PKR over the past month, the value has remained relatively stable when looking at the broader 90-day period.
How Exchange Rates Work
An exchange rate is simply the value of one country's currency in relation to another country's currency. For example, when you see "1 ILS to 74.47 PKR," it means that one Israeli New Sheqel can be exchanged for 74.47 Pakistani Rupees. These rates are determined by a multitude of factors in the global financial markets, including:
- Supply and Demand: The more demand for a currency, the higher its value.
- Interest Rates: Higher interest rates can attract foreign investment, increasing demand for the currency.
- Inflation: Countries with consistently lower inflation rates tend to have an appreciating currency.
- Economic Performance: A strong, stable economy generally leads to a stronger currency.
- Political Stability: Geopolitical events and political stability can significantly impact investor confidence and, consequently, currency values.
Converting Israeli New Sheqels to Pakistani Rupees
Converting currencies is a straightforward process. If you need to convert a specific amount of ILS to PKR, you would multiply the amount in ILS by the current exchange rate.
Example:
If you have 500 ILS and the current exchange rate is 1 ILS = 74.50 PKR:
500 ILS * 74.50 PKR/ILS = 37,250 PKR
Conversely, to convert PKR to ILS, you would divide the amount in PKR by the exchange rate.
Example:
If you have 10,000 PKR and the current exchange rate is 1 ILS = 74.50 PKR:
10,000 PKR / 74.50 PKR/ILS = approximately 134.23 ILS
For the most up-to-date and accurate conversions, it's always recommended to use a reliable currency converter. You can find real-time exchange rates on platforms like Wise.com.
Importance of Exchange Rates
Exchange rates play a critical role in:
- International Trade: Affecting the cost of imports and the competitiveness of exports.
- Tourism: Influencing how much travelers can buy in a foreign country.
- Remittances: Determining the value of money sent home by overseas workers.
- Investments: Impacting returns on foreign investments.
Keeping an eye on these rates helps individuals and businesses make informed decisions regarding international financial activities.
