Convert New Taiwan Dollar to Israeli New Sheqel
Please provide values below to convert New Taiwan Dollar [TWD] to Israeli New Sheqel [ILS], or Convert Israeli New Sheqel to New Taiwan Dollar.
How to Convert New Taiwan Dollar to Israeli New Sheqel
1 TWD = 8.77877428998505 ILS
Example: convert 15 TWD to ILS:
15 TWD = 15 × 8.77877428998505 ILS = 131.681614349776 ILS
New Taiwan Dollar to Israeli New Sheqel Conversion Table
| New Taiwan Dollar | Israeli New Sheqel |
|---|
New Taiwan Dollar
The New Taiwan Dollar (TWD) is the official currency of Taiwan, used for everyday transactions and financial exchanges within the country.
History/Origin
The New Taiwan Dollar was introduced in 1949 to replace the Old Taiwan Dollar, stabilizing Taiwan's economy after World War II and subsequent political changes. It has undergone several reforms and devaluations over the decades to adapt to economic conditions.
Current Use
Today, the TWD is widely used in Taiwan for all monetary transactions, including retail, banking, and international trade. It is also accepted in some neighboring regions and is actively traded in foreign exchange markets.
Israeli New Sheqel
The Israeli New Sheqel (ILS) is the official currency of Israel, used for everyday transactions and economic activities within the country.
History/Origin
The Israeli New Sheqel was introduced in 1985, replacing the old Sheqel at a rate of 1,000 old Sheqels to 1 New Sheqel, as part of economic reforms to stabilize the Israeli economy.
Current Use
Today, the ILS is widely used in Israel for all financial transactions, including banking, commerce, and government operations, and is also accepted in some Palestinian territories.