FlyerTalk Forums - View Single Post - Best Place To Exchange Money in Tel Aviv?
Old Sep 21, 2014 | 12:15 am
  #7  
zombietooth
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Originally Posted by joshwex90
Israel is in Asia, so your stats will need to change
Well, tell that to the Forex brokers, they never seem to list the Shekel in the Asian section.

Originally Posted by joshwex90
I've done a bunch of tests on this. The rates are never the exact same. But, the rate is as close as you'll get to the Bank of Israel official exchange rate. Truth is, sometimes the rate you get is actually a bit better. Assuming your card charges no fee (neither a percentage for FTF nor a set, non-bank ATM) and you're using a bank ATM (which doesn't charge a fee to use for non-customers), you're in the best shape already.

Having withdrawn thousands of ILS at a time, I've seen the difference between what the BOI rate should've given me and what I've actually gotten to be within maybe a shekel or 2 (at most, usually less).
Thanks for the advice, I'll run a test and give it a try.
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