1,000 South African Rand =
176.79 Israeli New Shekels
today's official exchange rate from the European Central Bank.
Daily ECB reference rates over the last 90 days. Updates skip weekends and ECB holidays.
| ZAR | ILS |
|---|---|
| 1 ZAR | 0.1768 ILS |
| 5 ZAR | 0.884 ILS |
| 10 ZAR | 1.7679 ILS |
| 25 ZAR | 4.4198 ILS |
| 50 ZAR | 8.8395 ILS |
| 100 ZAR | 17.679 ILS |
| 500 ZAR | 88.395 ILS |
| 1,000 ZAR | 176.79 ILS |
| 5,000 ZAR | 883.95 ILS |
| 10,000 ZAR | 1,767.9 ILS |
The South African Rand (symbol: R; code: ZAR) is the official currency of South Africa, issued by the South African Reserve Bank. Each rand is divided into 100 cents. The rand is the dominant currency of the Southern African Common Monetary Area and is heavily influenced by global commodity prices, particularly gold and platinum, of which South Africa is a leading producer.
The Israeli New Shekel (symbol: ₪; code: ILS) is the official currency of Israel, issued by the Bank of Israel. Each shekel is divided into 100 agorot. Reflecting Israel's role as a global technology hub, the shekel is one of the most actively traded currencies in the Middle East. Its name derives from an ancient weight unit mentioned in the Hebrew Bible.
This conversion uses the European Central Bank reference rate, which is published once per business day at around 16:00 CET (Frankfurt time). The ECB calculates these rates from interbank market quotes provided by major banks. Reference rates are intended for information and statistical purposes — they are not commercial rates at which currencies can actually be bought or sold.
No. The ECB reference rate is a benchmark used by economists, regulators, and accountants — not a retail rate. Banks, currency exchange services, and credit cards typically add a markup of 1 to 4 percent on top of the reference rate, plus possible fixed transaction fees. To know the actual rate you would pay, check directly with your bank or money transfer service before exchanging.
The European Central Bank updates exchange rates once per business day, around 16:00 CET. Rates are not updated on weekends or eurozone bank holidays — during these periods the most recent business-day rate remains in effect. We refresh our cached rate every six hours to balance accuracy with performance.
Exchange rates fluctuate based on many factors, including interest rate decisions by the South African Reserve Bank and the Bank of Israel, inflation differences between South Africa and Israel, trade balances, capital flows, and geopolitical events affecting market sentiment. Even small differences in expected economic conditions can move rates significantly over short periods.
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