The EUR/ILS is an exotic currency pair which reflects how many Euros are needed to buy 1 Israeli new shekel. This currency pair is popular among traders who are interested in the Eurozone and Israeli economies.
The Euro is the second most widely held reserve currency in the world, after the US dollar. This means that movements in the Euro can have a significant impact on global financial markets, including the exchange rate for EUR/ILS. The exchange rate for EUR/ILS is influenced by various factors such as economic data releases, geopolitical events, and central bank policy decisions.
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