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REF to ILS Converter and calculator

REF/ILS: 1 REF = 0.2944 ILS. The price of converting 1 Ref Finance (REF) to Israeli New Shekel (ILS) is 0.2944 ILS today.
REF
REF
ILS
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides REF to ILS real-time exchange rates, making it easy to convert Ref Finance (REF) to Israeli New Shekel (ILS). The conversion result is based on real-time data. The conversion result shows that 1 REF is currently valued at 0.29 ILS. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 REF is currently valued at 0.29 ILS, which means buying 5 REF would cost 1.47 ILS. Similarly, ₪1 ILS can be converted to 3.4 REF, and ₪50 ILS can be converted to 16.98 REF, excluding any platform or gas fees.

Convert REF to ILS

Convert ILS to REF

Ref Finance
Israeli New Shekel
5000 REF
1,471.95  ILS
10000 REF
2,943.89  ILS
In the table above, you'll find a comprehensive REF to ILS converter that shows the value of Ref Finance in Israeli New Shekel across commonly used conversion amounts. The list covers conversions from 1 REF to ILS, all the way up to 10000 REF, providing a clear view of their respective values.
Israeli New Shekel
Ref Finance
10000 ILS
33,968.61 REF
50000 ILS
169,843.07 REF
100000 ILS
339,686.14 REF
In the table above, you'll find a comprehensive ILS to REF converter that shows the value of Israeli New Shekel in Ref Finance across commonly used conversion amounts. The list covers conversions from 1 ILS to REF, all the way up to 100000 ILS, providing a clear view of their respective values.

REF to ILS chart

REF/ILS: 1 REF = 0.2944 ILS; 2025/04/29 19:27:26
In the past 1D, Ref Finance has changed +0.06% to ILS. Based on the trend and price charts, Ref Finance(REF) has changed +0.06% to ILS while Israeli New Shekel(ILS) has changed % to REF in the last 24 hours.
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REF to ILS conversion data: Volatility and price changes of Ref Finance in ILS

The highest Ref Finance price in ILS over the past 7 days was 0.3236 ILS while the lowest Ref Finance price in ILS over the past 7 days was 0.2755 ILS. The relative change between the highs and lows in Ref Finance price in ILS over the last 7 days indicates a volatility of %. You can view additional volatility data and REF to ILS prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hoursLast 7 daysLast 30 daysLast 90 days
High
0.3040 ILS
0.3236 ILS
0.3236 ILS
0.6572 ILS
Low
0.2880 ILS
0.2755 ILS
0.2088 ILS
0.2088 ILS
Average
0 ILS
0 ILS
0 ILS
0 ILS
Volatility
%
%
%
%
Change
+0.06%
+9.72%
-8.67%
-50.77%

Ref Finance information

REF to ILS market statistics

REF/ILS:
₪0.2944
REF 24h volume:
₪295,559.05
REF market cap:
₪11,107,369.85
REF circulating supply:
37.73M REF

Current REF to ILS exchange rate

Ref Finance to Israeli New Shekel is rising this week.
Ref Finance's current market price is ₪0.2944 per REF, with a total market cap of ₪11,107,369.85 ILS based on a circulating supply of 37,730,196 REF. The trading volume of Ref Finance has changed by -11.70% (₪-39,158.62 ILS) in the last 24 hours. Last trading day, REF's trading volume was ₪334,717.67.

More info about Ref Finance on Bitget

Israeli New Shekel information

About the Israeli New Shekel (ILS)

What Is the Israeli New Shekel (ILS)?

The Israeli New Shekel (ILS), symbolized as ₪ and sometimes abbreviated as NIS, is the official currency of Israel. ILS is the international three-letter abbreviation for this currency, which has been in use since 1986. The new shekel replaced the hyper-inflated original shekel at a ratio of 1000 to 1. At the time of its introduction, it was identified by the abbreviation NIS to distinguish it from the old shekel. The Israeli New Shekel is subdivided into 100 agorot and is also used in the Palestinian territories of the West Bank and the Gaza Strip.

The Israeli New Shekel is issued by the Bank of Israel, which is the central bank of Israel. The Bank of Israel is responsible for the design, production, and distribution of the nation's currency, as well as for implementing monetary policy, maintaining financial stability, and managing foreign exchange reserves. The bank's role in issuing currency includes ensuring the security and integrity of the Israeli New Shekel, both in terms of coins and banknotes.

What Is the History of ILS?

The term "shekel" has ancient roots, originating from a Biblical currency and unit of weight. The modern Israeli currency system evolved through various stages, starting with the Palestine pound issued by the Anglo-Palestine Bank up to 1952. This was replaced by the Israeli pound (lira yisraelit) in 1952, which was in turn replaced by the shekel in 1980. Due to hyperinflation, the old shekel was replaced by the new shekel in 1986.

Notes and Coins of ILS

The Israeli New Shekel (ILS) features a diverse array of coins and banknotes that are not only integral to daily transactions but also reflect the country's rich cultural heritage. The coin denominations include 5 and 10 agorot, and ½, 1, 2, 5, and 10 new shekels. The Bank of Israel introduced a new series of coins with updated inscriptions in 2022. The banknotes, in denominations of 20, 50, 100, and 200 new shekels. The banknotes incorporate advanced security features and are printed by Orell Füssli Security Printing in Switzerland.

Economic Stability and Exchange Rates

Since the 1980s economic crisis, Israel has adopted conservative fiscal and monetary policies, leading to a more stable economy and currency. The new shekel has been a freely convertible currency since 2003 and is traded on global markets. Over the years, the shekel has strengthened against major currencies like the US dollar, reflecting Israel's growing economic stability.

The new shekel's value has fluctuated over time against various currencies. Its exchange rate against major currencies like the US dollar, euro, and pound sterling has been influenced by global economic trends and Israel's economic policies.

Is ILS a Strong Currency?

The Israeli New Shekel is recognized as one of the world's strongest currencies, a status supported by Israel's stable economy, low inflation, and substantial foreign exchange reserves. Ranking 12th globally in foreign investment, with significant growth in recent years, the shekel benefits from Israel's robust economic performance and investor confidence. The thriving technology sector and strategic global trade position further reinforce its strength. As a free-floating fiat currency, the shekel's value, notably strong against the US dollar, reflects market trust. Despite potential sensitivities to regional geopolitics and internal political shifts, the shekel's resilience, especially during global economic downturns, indicates a promising outlook for Israel's economy and its currency.

What Is the Difference Between Israeli New Shekel and Israeli Old Shekel?

The transition from the Israeli Old Shekel to the Israeli New Shekel marked a significant shift in Israel's monetary history, primarily driven by the need to combat hyperinflation and stabilize the economy. The Old Shekel, in circulation from 1980 to 1985, suffered from severe devaluation and economic instability, leading to its replacement in 1986 by the New Shekel at a ratio of 1000:1. This change was a crucial part of Israel's broader economic stabilization plan, which included adopting more conservative fiscal and monetary policies. The introduction of the New Shekel not only curbed the rampant inflation but also restored confidence in the national currency. It brought with it new banknotes and coins featuring updated designs and enhanced security features, reflecting both the cultural aspects of the time and the need for a more robust and stable monetary system.

Bitget crypto-to-fiat exchange data shows that the most popular Ref Finance currency pair is the REF to ILS, with for Ref Finance's currency code being REF. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for ILS.

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How to convert REF to ILS

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Buy REF (or USDT) for ILS (Israeli New Shekel) offers
Bitget P2P trading does not currently support direct buying of REF with ILS. However, you can buy USDT in Bitget P2P trading first, and then buy REF with USDT via Bitget spot market.
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REF to ILS Conversion tables

The exchange rate of Ref Finance is decreasing.
The exchange rate of 1 REF to Israeli New Shekel has changed by +9.72% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.06%, reaching a high of 0.3040 ILS and a low of 0.2880 ILS . One month ago, the value of 1 REF was ₪0.3224 ILS , which represents a -8.67% change from its current value. Over the last year, Ref Finance has changed by
-
0.9446ILS
, resulting in a change of -76.19% in its value.
24 hours ago1 month ago1 year ago
Amount19:27 today24 hours ago24h change
0.5 REF₪0.1472₪0.1471
+0.06%
1 REF₪0.2944₪0.2942
+0.06%
5 REF₪1.47₪1.47
+0.06%
10 REF₪2.94₪2.94
+0.06%
50 REF₪14.72₪14.71
+0.06%
100 REF₪29.44₪29.42
+0.06%
500 REF₪147.19₪147.11
+0.06%
1000 REF₪294.39₪294.22
+0.06%

REF to ILS FAQ

How much is 1 Ref Finance in ILS?
Right now, the price of 1 Ref Finance (REF) in Israeli New Shekel (ILS) is ₪0.2944.
How much REF can I buy for 1 ILS?
Based on the current exchange rate, you can get 3.4 REF for 1 ILS.
How do I calculate or convert REF to ILS?
You can use our REF to ILS calculator at the top of this page to convert any amount of REF to ILS. We've also included quick-reference tables for the most popular conversions. For example, 5 ILS is equivalent to 16.98 REF, while 5 REF will cost around 1.47ILS.
What is the highest price of REF/ILS in history?
The all-time high price of 1 REF in ILS is ₪169.44. It remains to be seen if the value of 1 REF/ILS will exceed the current all-time high.
What is the price trend of Ref Finance in ILS?
Over the past 7 days, the exchange rate of Ref Finance (REF) has gone up by 9.72%.   Over the last month, the exchange rate of Ref Finance (REF) has gone down by 8.67% against Israeli New Shekel (ILS).

What factors influence the conversion rate of REF to ILS?

There are many factors that affect the relationship between Ref Finance and Israeli New Shekel, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of REF/ILS. When there is positive news in the market about the widespread adoption of REF or major technological breakthroughs, it tends to trigger market optimism and drive the rise of REF/ILS. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in REF/ILS.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of REF/ILS. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of Ref Finance and adjust their investment strategies accordingly in the evolving market.

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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.