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EUR to ILS Forecasts – euro to Israeli new sheqel

Latest EUR to ILS forecasts including bank predictions, key market drivers and recent trends for EUR/ILS. See where analysts expect the pair to move and the factors likely to influence it.

 

EUR to ILS Forecast & Outlook

09 May 2026 • 00:52 GMT

EUR/ILS 3.4211

📊 Forecast snapshot

  • Near-term bias: 🔴 Mild downside
  • Expected range: 3.3420 – 3.4210
  • Dominant driver: 🌍 Global risk sentiment
  • 3-month trend: ⚪ Range-bound

EUR/ILS is trading close to recent lows within its range, supported by risk-off sentiment and geopolitical tensions. Currently, the pair is at levels below its 3-month average, indicating downward pressure. Near-term conditions suggest the pair may remain supported but could face headwinds if risk appetite improves.

💸 Transfer implications

  • Expats: sending money to Israel may find transfers less favourable than recent levels if the pair declines further.
  • Travellers: buying ILS with EUR might see less advantageous rates if the pair continues to weaken.
  • Businesses: paying ILS invoices with EUR could face higher costs should the pair decline further.

🧭 Key drivers

  • Rate gap: The interest rate differential remains ambiguous but the perceived risk environment supports a risk-off bias.
  • Risk/commodities: Elevated geopolitical tensions in the Middle East boost safe-haven flows into the Shekel and pressure EUR/ILS.
  • Global factors: The dominant driver remains risk sentiment, with heightened geopolitical risk tipping the pair lower.

⚠️ What could change it

  • Upside risk: Deterioration in global risk appetite or escalation of geopolitical tensions could support the pair coming off lows.
  • Downside risk: A rebound in risk sentiment or easing geopolitical tensions might see EUR/ILS trading closer to recent highs.

Shopping around for the lowest margin provider may help reduce overall transfer costs.

EUR-ILS Rate Calculator

 
 
   
   
   
   
   
 
 

EUR to ILS Market Data

Euro (EUR) to Israeli new sheqel (ILS) market data - latest interbank exchange rate, trend, chart & historic rates.

 
Sell EUR   →   Buy ILS
1 EUR =
3.4044We compare provider deals to this wholesale mid-market rate. Read more
ILS
1d0.0%⬦
EUR to ILS at 3.4193 is 4.2% below its 3-month average of 3.5698, having traded in a fairly volatile 8.9% range from 3.4017 to 3.7055
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  1 ILS = 0.2937 EUR

Compare & Save - euro to Israeli new sheqel

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare euro (EUR) to Israeli new sheqel (ILS) rates from different sources before making a conversion.

Use our EUR to ILS calculator to see how much you could save on your international money transfers. makes it easy to compare the Total Cost you are being charged on Euro to Shekel currency rates and the possible savings of using various providers.

 
 

Will the Euro rise against the Israeli new sheqel?

This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the euro vs Israeli new sheqel current value is to look the EUR/ILS historic rate and change over a range of periods.

The following table looks at the change in the EUR to ILS exchange rate over periods from the previous week back to the last 10 years.

DateEUR/ILSChangePeriod
29 Apr 2026
3.4731
1.5% ▼2 Week
12 Feb 2026
3.6367
6% ▼3 Month
13 May 2025
3.9837
14.2% ▼1 Year
14 May 2021
3.9772
14% ▼5 Year
15 May 2016
4.2796
20.1% ▼10 Year
18 May 2006
5.7170
40.2% ▼20 Year
EUR/ILS historic rates & change to 13-May-2026

It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

To help with this you can add EUR/ILS to your personalised Rate Tracker to track and benefit from currency movements.

 
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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending

 

Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more