Understanding the Table:
The comparison table above helps you see the total cost of your Post Office currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
The best GBP to ILS exchange rate is 4.515 from Wise. This is -0.45% compared to the mid-market rate 4.5354.
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 Post Office - Sterling to Shekel comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Post Office and other foreign exchange providers against the latest GBP-ILS mid-rate and the possible savings of using various providers.
Looking at the full GBP to ILS - Send Money comparison table the provider with the best GBP to ILS exchange rate is Wise at 4.515, -0.45% from the latest mid-market rate 4.5354.
The next best is OFX at 4.5127, -0.5% from the mid-rate.
Then XE at 4.5082, which is -0.6% from the mid-rate.
The Western Union rate is 4.49 which is -1% from the mid-rate.
Among the banks the Lloyds Bank rate is 4.2325 at -6.7% the Royal Bank of Scotland rate is 4.2597 at -6.1% and the Barclays Bank rate is 4.3767 at -3.5% compared to the mid-rate 4.5354.
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 like Post Office or platforms that offer rates closer to the mid-market rate.
View a full list of exchange rates by selecting your Base (from) currency:
