About the AUD/ILS rate
The AUD/ILS rate is how many ILS one Australian dollar buys. It moves constantly with interest-rate expectations, commodity prices and global risk sentiment - see what moves the rate. Tradergy shows the mid-market reference rate and does not forecast where it’s heading. For the 52-week highs and lows and a daily table, see the AUD/ILS rate history.
Related views of this rate: the reverse rate, ILS → AUD, is on the receiving Israeli new shekel view, and sending Australian dollars to Israel is covered on the AUD → ILS transfer page. Every AUD pair sits on the convert hub, and to work in more than one currency at once there is the currency converter.
Why it is still called a sheqel
The word "new" in the currency's name is the only trace left of a reform. On 4 September 1985 the new sheqel, equal to 1,000 old sheqalim, became the currency of Israel; the Bank of Israel's account is that dropping three zeros was intended to simplify money calculations and to make cash payment and financial recording easier. What is more unusual is why the name itself survived. The Bank records that "sheqel" was retained "so as not to deviate from the original intention of the legislator as embodied in the Sheqel Currency Law, 5729-1969, viz., to preserve the ancient name of Israel's coinage". A currency reform that would ordinarily be an occasion for a new name was constrained by a statute written sixteen years earlier for an entirely different reason.
Today's arrangement is the least ambiguous in this part of the world. The International Monetary Fund classifies the de jure exchange rate arrangement as free floating and the de facto arrangement as floating - the two descriptions agree, which is not something that can be said of every currency. Israel accepted the obligations of Article VIII of the Fund's articles on 21 September 1993, the Bank targets inflation of 1 to 3 per cent, and it has told the Fund that market forces should continue to determine the rate barring abrupt disruptions.
What moves the flow day to day is domestic and institutional. Israeli pension funds, provident funds and insurers hold large foreign portfolios and hedge the currency exposure on them, which makes them a mechanically large and swinging counterparty. The Bank of Israel's quarterly report on the foreign currency market records those institutions net selling about US$9.2 billion of foreign currency in the third quarter of 2025, having net bought about US$0.1 billion the quarter before; non-residents net sold about US$4.9 billion over the same period, against average daily trading of about US$12.3 billion against the domestic banking system.
Sources: Bank of Israel, first series of the new sheqel · International Monetary Fund, Israel 2026 Article IV Consultation · Bank of Israel, Israel's foreign currency market in the third quarter of 2025