ILS to PKR Currency Converter - 1 Israel New Shekels To Pakistan Rupee

1 Israel New Shekels (ILS) To Pakistan Rupee (PKR) Currency Exchange Rates Today. ILS to Pakistan Rupee exchange rates and Israel New Shekels to PKR buying and Selling rates. 1 ILS to PKR Interbank rate and 1 PKR to ILS rates.

1 ILS = 75.425989 PKR

1 ILS = 75.43 PKR
Your Conversion : 1 ILS = 75.425989 PKR
Reverse Conversion : 75.425989 PKR = 1 ILS

Israel New Shekels Pakistan Rupee

Updated: Mar 29 2024

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Today Israel New Shekels Rate to Pakistan Rupee (1 ILS to PKR) is 75.425989 PKR, all prices are updated every hour to give you the best ILS to PKR conversion. This Israel New Shekels to Pakistan Rupee conversion is based on open market rates which are set by the currency exchange dealers of Pakistan. Easily find the 1 ILS buying rate and selling rate in Pakistan. You can also convert all major currencies online.

ILS TO PKR CHART & GRAPH

ILS TO PKR STATS

Last 30 days LAST 90 DAYS
High 78.4061 78.4061
Low 75.5886 73.8168
Average 77.0171 76.4145

ILS TO PKR INTERNATIONAL FOREX RATES HISTORY

Date Rate
29 Mar, 2024 75.59
28 Mar, 2024 75.89
27 Mar, 2024 76.40
26 Mar, 2024 76.37
25 Mar, 2024 76.37
24 Mar, 2024 76.49
23 Mar, 2024 77.23
22 Mar, 2024 76.21
21 Mar, 2024 75.86
20 Mar, 2024 76.36
19 Mar, 2024 75.84
18 Mar, 2024 75.83
17 Mar, 2024 75.84
16 Mar, 2024 76.31
15 Mar, 2024 76.73

ILS to PKR

The current rate of exchange from ILS to PKR is around 75.425989 Pakistani Rupees. The rate of exchange varies as per the economic conditions of a country. The economic factors that affect the exchange rate are the inflation rate, the balance of payments, interest rate, and many more. The relationship between ILS and PKR and the effect they have on each other is explained below.

ILS

ILS stands for Israeli New Shekel, which is the currency of the State of Israel. The Shekel is the former New Eastern coin, which is usually of silver. This currency is convertible and traded on futures currency contracts in the foreign exchange markets. The first currency of Israel was the Palestinian Pound in 1948. It was pegged with the British Pound. The Palestinian Pound removed itself from the British Sterling in 1954. The old Shekel was created in 1980, which was later changed to the new Shekel in 1986.

The Israeli New Shekel is divided into 100 agorot, which is a monetary unit of Israel. The currency is circulated in coins of 10 agorot, ½ Shekel, 1 Shekel, 2, 5, and 10 shekalim. They are also circulated in banknotes of 20, 50, 100, and 200 shekalim. The Israeli New Shekel is not pegged to any currency currently.

The Israeli New Shekel was a weak currency from the start, which was greatly affected by its state-based economy. After facing a financial crisis in the 1980s, it became more stable. It became a fully converted currency in 2003 with the ability to trade future currency contracts.

The currency was able to recover quickly from the crisis as compared to other currencies because of its banking sector and fiscal policy. Israel has one of the largest reserves of foreign currency, which helps to keep its currency stable.

PKR

PKR stands for Pakistani Rupees. It is denoted by Rs. When Pakistan was established, Pakistani Rupees replaced the Indian Rupee. In 1961, the Rupees were decimalized and were divided into 100 Paisas. Now, coins in Paisas are no longer available. The minimum coin in Rupees is 1 Rupee coin. The coins are circulated in the form of Rs 1, 2, 5, and 10. The banknotes are also circulated in Rs 10, 20, 50, 100, 500, 1000, and 5000.

The Pakistani Rupee was initially pegged to the British Pound until 1982 when the government decided to follow a floating policy, which caused a financial crisis later on. As the economy is very fragile and volatile, the currency is weak with unstable relations with other currencies.

ILS and PKR

ILS is a much stronger and stable currency as compared to PKR. The rate of exchange keeps on fluctuating due to different environmental factors. The economy of Pakistan is weak due to an unstable political environment and corrupted global image with a weak correlation with other countries.

While Israel is considered an unsafe place due to security risks and unstable conditions, ILS is the second strongest currency with large foreign reserves present. Both currencies are very different in terms of strength and global image.

Due to all these reasons, 1 ILS is almost equal to 75.425989 Pakistani Rupees, and the difference is increasing day by day.