ILS to NGN Exchange Rate - Convert Israeli Shekel to Nigerian Naira

Converting from Israeli Shekel (ILS) to Nigerian Naira (NGN)

What is Israeli Shekel (ILS)

The Israeli Shekel (ILS) is the official currency of Israel and is abbreviated as "₪." It has a rich history, with roots tracing back to ancient times. The modern Shekel was introduced in 1985, replacing the previous currency known as the Old Israeli Shekel. The current Shekel is often referred to simply as the "New Shekel" or "Shekel" to distinguish it from its predecessor.

The Shekel is subdivided into 100 agorot, with coins available in denominations of 10 agorot, 0.5, 1, 2, 5, and 10 Shekels. Banknotes are issued in amounts of 20, 50, 100, and 200 Shekels. The currency is widely accepted in Israel and is used in various transactions, such as retail, banking, and financial exchanges.

In recent years, the Shekel has shown relative stability against other major currencies, influenced by Israel's robust economy and technological advancements. When converting ILS to other currencies, including the Nigerian Naira, it is essential to check the current exchange rate as it fluctuates based on market conditions.

What is Nigerian Naira (NGN)

The Nigerian Naira (NGN) is the official currency of Nigeria, abbreviated as "₦." Introduced in 1973 to replace the Nigerian Pound, the Naira is essential for daily transactions in Nigeria, as it supports a growing economy with diverse industries, including oil, agriculture, and telecommunications.

The Naira is subdivided into 100 kobo. Coins are available in denominations of 1, 5, 10, 25, and 50 kobo, while banknotes come in 5, 10, 20, 50, 100, 200, 500, and 1000 Naira denominations. The Nigerian Central Bank manages the currency, regulating its supply and maintaining the nation's monetary policy.

The value of the Naira can be volatile when compared to other currencies, impacted by several factors, including inflation, economic performance, and foreign investment. When converting NGN to foreign currencies like the Israeli Shekel, it’s crucial to be aware of the current exchange rate, as it can change frequently.

Converting ILS to NGN

To convert from Israeli Shekel (ILS) to Nigerian Naira (NGN), you need to know the most recent exchange rate, which can fluctuate daily. The exchange rate signifies how much one currency is worth relative to another.

As an example, if the exchange rate is $1 ILS = 140 NGN$, to convert 100 ILS into NGN, you would calculate

100 ILS × 140 NGN/ILS = 14,000 NGN

.

Ultimately, keeping an eye on currency trends and consulting financial news can help you achieve the best conversion rates possible.

Israeli Shekel to Nigerian Naira conversion table

ILS to NGN conversion table

Israeli Shekel (ILS)Nigerian Naira (NGN)
1 ILS415.82411951668 NGN
2 ILS831.64823903336 NGN
3 ILS1 247.47235855005 NGN
4 ILS1 663.29647806673 NGN
5 ILS2 079.12059758341 NGN
6 ILS2 494.94471710009 NGN
7 ILS2 910.76883661678 NGN
8 ILS3 326.59295613346 NGN
9 ILS3 742.41707565014 NGN
10 ILS4 158.24119516682 NGN
100 ILS41 582.41195166824 NGN
200 ILS83 164.82390333647 NGN
300 ILS124 747.23585500471 NGN
400 ILS166 329.64780667295 NGN
500 ILS207 912.05975834119 NGN
600 ILS249 494.47171000942 NGN
700 ILS291 076.88366167766 NGN
800 ILS332 659.2956133459 NGN
900 ILS374 241.70756501414 NGN
1 000 ILS415 824.11951668237 NGN
2 000 ILS831 648.23903336475 NGN
5 000 ILS2 079 120.59758341187 NGN
10 000 ILS4 158 241.19516682374 NGN
20 000 ILS8 316 482.39033364748 NGN
50 000 ILS20 791 205.97583411871 NGN
100 000 ILS41 582 411.95166823741 NGN
Last updated April 4, 2025 at 03:55 PM