Israel is an easy country to send money to. Most of the biggest and best providers in the money transfer industry are present in Israel. Regardless of what you are specifically looking for in a money transfer service, you will find what you need, just like when you are sending money elsewhere in the world.
The current exchange rate for the Israeli Shekel (ILS) is SHORTCODE REQUIRED ATTRIBUTES MISSING: base, symbol per American Dollar (USD) as of the time this was written. The ILS reached a high of 3.4809 per USD and a low of 3.4199 ILS per USD during the last 90 days. The average exchange rate for the last 90 days was 3.4175 per USD.
The ILS has demonstrated an average volatility rate of 0.26% over the last 90 days. This is a moderate volatility rate, and the ILS has been fluctuating moderately during the last year. You can reasonably expect only moderate fluctuations to continue going forward, barring any unforeseen circumstances.
The fastest way to send funds to Israel is through Ria Money Transfer’s fast option. With Ria Money Transfer’s fast option, your money should reach its Israeli destination in a matter of minutes. The service is also rather affordable when compared to the slower competition. The only thing is to make sure you are paying for the fast option, otherwise, the transfer will take 3-5 days to complete.
The cheapest way to send cash online to Israel is through OFX. OFX is an exchange that can transfer money abroad for you. With OFX, you don’t pay any upfront, stated fees. Instead, you have to pay a small percentage of the total value of the transfer. This amount is smaller than any of the competition, and the more money you send at once with OFX, the cheaper it is. The fee starts at about 1% on the high end, but slowly weans down to 0.4% if you send more money.
The only catch to using OFX is they have a higher-than-average minimum transfer size requirement. If you can’t abide by their minimum transfer amount, then TransferWise follows closely behind OFX for affordability.
The easiest way to send money online to Israel is through TransferWise. TransferWise is a simple, peer-to-peer money transfer system that allows you to send money with three simple steps.
The overall best way to transfer money to Israel is through TransferWise. TransferWise is the most well-rounded option for Israel because it offers a great balance between speed, ease of use, and cost. While you have to wait a day or two for the transfer to be complete, the affordable price and easy-to-use interfaces make sending money simple and worth the wait.
Jonathan is the founder and editor of MoneyTransfers.com. Jonathan is highly experienced in the currency transfer market, having previously worked in the FX trading industry, alongside being an avid traveller. Using his knowledge he identified a need for transparency and further education to help people save money on their money transfers, leading to the creation of MoneyTransfers.com