GBP/ILS is currently under pressure at 4.2719, reflecting 90-day lows due to potential BoE rate cuts amid modest UK GDP growth. In contrast, the ILS has strengthened with cooling inflation in Israel. Analysts suggest continued volatility ahead as monetary policies shift

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What is the best Send Money conversion rate for GBP to ILS?

The best GBP to ILS exchange rate is 4.2613 from OFX . This is -0.5% compared to the mid-market rate 4.2827.

As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare British pound (GBP) to Israeli new sheqel (ILS) rates from different sources before making a conversion.

The above Sterling to Shekel comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by banks and other foreign exchange providers against the latest GBP-ILS mid-rate and the possible savings of using various providers. 

How do GBP-ILS rates compare between providers?

Looking at the full GBP to ILS - Send Money comparison table the provider with the best GBP to ILS exchange rate is OFX at 4.2613, -0.5% from the latest mid-market rate 4.2827.

The next best is Wise at 4.2582, -0.57% from the mid-rate.

Then XE at 4.257, which is -0.6% from the mid-rate.

The Western Union rate is 4.2399 which is -1% from the mid-rate.

Among the banks the Lloyds Bank rate is 4.0686 at -5% the Royal Bank of Scotland rate is 4.0943 at -4.4% and the Barclays Bank rate is 4.0814 at -4.7% compared to the mid-rate 4.2827.

It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.