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- ILS to PKR Currency Converter - 1 Israel New Shekels To Pakistan Rupee
ILS to PKR Currency Converter - 1 Israel New Shekels To Pakistan Rupee
1 ILS = 60.541095 PKR
1 ILS = 60.54 PKR
Your Conversion : 1 ILS = 60.541095 PKR
Reverse Conversion : 60.541095 PKR = 1 ILS
Israel New Shekels Pakistan Rupee
Updated: May 26 2022
Today Israel New Shekels Rate to Pakistan Rupee (1 ILS to PKR) is 60.541095 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|
ILS TO PKR INTERNATIONAL FOREX RATES HISTORY
|26 May, 2022||59.90|
|25 May, 2022||60.21|
|24 May, 2022||59.51|
|23 May, 2022||59.50|
|22 May, 2022||59.50|
|21 May, 2022||59.39|
|20 May, 2022||58.41|
|19 May, 2022||57.89|
|18 May, 2022||57.37|
|17 May, 2022||56.23|
|16 May, 2022||56.57|
|15 May, 2022||56.60|
|14 May, 2022||55.63|
|13 May, 2022||55.52|
|12 May, 2022||54.71|
ILS to PKR
The current rate of exchange from ILS to PKR is around 60.541095 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 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 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 60.541095 Pakistani Rupees, and the difference is increasing day by day.