Understanding the exchange rate history between the Israeli Shekel (ILS) and the Nigerian Naira (NGN) is crucial for businesses, travelers, and investors. Currency exchange rates fluctuate mainly due to a combination of factors, including global economic activity, market sentiment, interest rate changes, inflation, trade imbalances, and central bank monetary policies.
For example, when a country has a strong economy and rising interest rates, it may attract more foreign capital, pushing up the value of its currency. Conversely, political instability or economic slowdown may lead to currency depreciation. Changes in market expectations and speculative activities can also intensify short-term exchange rate fluctuations.
Xe Currency Charts allow you to create a chart for any currency pair in the world to see their currency history. These currency charts use live mid-market rates, are easy to use, and are very reliable.
Currency Information
Let's take a closer look at each currency:
Israeli Shekel (ILS)
Our currency rankings show that the most popular Israeli Shekel exchange rate is the ILS to USD rate. The currency code for Israeli New Shekels is ILS. The currency symbol is ₪.
Read also: Travel: Egypt - Israel
Nigerian Naira (NGN)
Our currency rankings show that the most popular Nigerian Naira exchange rate is the NGN to USD rate. The currency code for Nigerian Nairas is NGN. The currency symbol is ₦.
Historical Exchange Rate Trends
Analyze rate trends for any currency over a few days, weeks, months, or years. The value of the ILS currency changes every day because of different economic and market forces. Even small changes can affect travel, trade, and investment.
In 2023, the exchange rate for the Israeli Shekel against the dollar changed a lot. It went from $0.2973 in January to $0.2452 by late October. These changes show how the ILS and its exchange with the dollar can react fast to different things.
ILS to NGN Exchange-Rate Statistics
Here's a look at the high, low, average, and volatility of the ILS to NGN exchange rate over the last 7, 30, and 90 days:
| Statistic | Last 7 Days | Last 30 Days | Last 90 Days |
|---|---|---|---|
| High | 447.05 | 452.51 | 461.09 |
| Low | 438.58 | 438.58 | 438.58 |
| Average | 443.30 | 445.07 | 449.09 |
| Volatility | 0.77% | 0.64% | 0.55% |
Currency Exchange Rates and You
Tools and Resources
Several tools and resources are available to help you stay informed about the ILS to NGN exchange rate:
Read also: Egypt-Israel Treaty
- Currency Converter: Use an online currency converter to quickly exchange one currency for another. Simply input your amount, and the tool does the math using the latest exchange rates.
- Historical Currency Rates: Analyze rate trends for any currency over a few days, weeks, months, or years.
- Rate Alerts: Set free rate alerts for any currency pair. You’ll be notified at your desired rate.
- Xe App: Check live rates, send money securely, set rate alerts, receive notifications, and more.
Additional Considerations
The Markets Insider currency calculator offers a currency conversion from Israeli New Shekel to Nigerian Naira within seconds. Vacationers in Israel can make conversions at the current exchange rate.
Conversion from Israeli New Shekel to Nigerian Naira can be done at current rates as well as at historical rates - to do this, select the desired exchange rate date. Additionally, the currency calculator shows the closing rate of the previous day as well as the highest and lowest rates of the conversion Israeli New Shekel - Nigerian Naira.
Keep in mind that the exchange rate data is collected from public sources for reference only. Due to frequent fluctuations, accuracy or timeliness cannot be guaranteed.
Read also: Traveling from Israel
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