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SO-COL to Israeli New Shekel Converter and calculator

Convert 1SO-COL (SIMP) to Israeli New Shekel (ILS) equals ₪ 0.0009456 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of SO-COL(SIMP) to Israeli New Shekel(ILS). This is the real-time data. The current conversion shows 1 SIMP at a value of 1 SIMP for 0.00 ILS . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

ILS 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.

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

SIMP to ILS conversion rate trend

1D7D1M3M1YAll
In the past 1D, SO-COL has changed +5.54% to ILS. Based on the trend and price charts, SO-COL(SIMP) has changed +5.54% to ILS while Israeli New Shekel(ILS) has changed % to SIMP in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
₪0.0008524
0.0200% / 0.0320%vip-iconVIP 7
KuCoin
₪0.002632
0.1000% / 0.1000%
Yes
Last updated 2024/09/04 01:00:15(UTC+0)

How to buy SO-COL

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Buy SO-COL (SIMP)
Use a variety of payment options to buy SO-COL on Bitget. We'll show you how.

Buy SIMP (or USDT) for ILS (Israeli New Shekel) offers

Bitget P2P trading does not currently support direct buying of SIMP with ILS. However, you can buy USDT in Bitget P2P trading first, and then buy SIMP with USDT via Bitget spot market.
Merchants (trades/completion rate)PriceAmount/limit
Low to high
Payment methods
Zero fees
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Sell SIMP (or USDT) for ILS (Israeli New Shekel) offers

Bitget P2P trading currently does not support direct selling of SIMP to ILS. However, you can first exchange SIMP for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
Merchants (trades/completion rate)PriceAmount/limit
High to low
Payment methods
Zero fees
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What factors influence the conversion rate of SO-COL to Israeli New Shekel?

SO-COL to Israeli New Shekel is falling this week.
SO-COL's current market price is ₪ 0.0009456 per SIMP, with a total market cap of ₪ 0 ILS based on a circulating supply of -- SIMP. The trading volume of SO-COL has changed by -92.18% (₪ -4,873.00 ILS) in the last 24 hours. Last trading day, SIMP's trading volume was ₪ 5,286.46.
Market cap
$0
24h volume
$111.68544817
Circulating supply
0 SIMP

Conversion tables

The exchange rate of SO-COL is decreasing.
1 SIMP is currently valued at ₪ 0.0009456 ILS , which means buying 5 SIMP will cost ₪ 0.004728 ILS . Similarly, ₪1 ILS can be traded for 1,057.52 SIMP, and ₪50 ILS can be converted to 52,876.12 SIMP, excluding any platform or gas fees.
The exchange rate of 1 SIMP to Israeli New Shekel has changed by -3.51% in the last 7 days. In the last 24 hours, the rate has fluctuated by +5.54%, reaching a high of 0.0009607 ILS and a low of 0.0007974 ILS . One month ago, the value of 1 SIMP was ₪ 0.001628 ILS , which represents a -41.93% change from its current value. Over the last year, SO-COL has changed by
-
0.005837ILS
, resulting in a change of -86.06% in its value.

SIMP to ILS

Amount
04:50 am today
0.5 SIMP
0.0004728
1 SIMP
0.0009456
5 SIMP
0.004728
10 SIMP
0.009456
50 SIMP
0.04728
100 SIMP
0.09456
500 SIMP
0.4728
1000 SIMP
0.9456

ILS to SIMP

Amount04:50 am today
0.5ILS528.76  SIMP
1ILS1,057.52  SIMP
5ILS5,287.61  SIMP
10ILS10,575.22  SIMP
50ILS52,876.12  SIMP
100ILS105,752.25  SIMP
500ILS528,761.24  SIMP
1000ILS1,057,522.48  SIMP

Today vs. 24 hours ago

Amount04:50 am today24 hours ago24h change
0.5 SIMP$0.0001277$0.0001210
+5.54%
1 SIMP$0.0002554$0.0002420
+5.54%
5 SIMP$0.001277$0.001210
+5.54%
10 SIMP$0.002554$0.002420
+5.54%
50 SIMP$0.01277$0.01210
+5.54%
100 SIMP$0.02554$0.02420
+5.54%
500 SIMP$0.1277$0.1210
+5.54%
1000 SIMP$0.2554$0.2420
+5.54%

Today vs. 1 month ago

Amount04:50 am today1 month ago1M change
0.5 SIMP$0.0001277$0.0002199
-41.93%
1 SIMP$0.0002554$0.0004399
-41.93%
5 SIMP$0.001277$0.002199
-41.93%
10 SIMP$0.002554$0.004399
-41.93%
50 SIMP$0.01277$0.02199
-41.93%
100 SIMP$0.02554$0.04399
-41.93%
500 SIMP$0.1277$0.2199
-41.93%
1000 SIMP$0.2554$0.4399
-41.93%

Today vs. 1 year ago

Amount04:50 am today1 year ago1Y change
0.5 SIMP$0.0001277$0.0009161
-86.06%
1 SIMP$0.0002554$0.001832
-86.06%
5 SIMP$0.001277$0.009161
-86.06%
10 SIMP$0.002554$0.01832
-86.06%
50 SIMP$0.01277$0.09161
-86.06%
100 SIMP$0.02554$0.1832
-86.06%
500 SIMP$0.1277$0.9161
-86.06%
1000 SIMP$0.2554$1.83
-86.06%

SO-COL price prediction

What will the price of SIMP be in 2025?

Based on SIMP's historical price performance prediction model, the price of SIMP is projected to reach $0.0007821 in 2025.

What will the price of SIMP be in 2030?

In 2030, the SIMP price is expected to change by -6.00%. By the end of 2030, the SIMP price is projected to reach $0.001122, with a cumulative ROI of +328.76%.

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FAQ

What is a cryptocurrency calculator?

A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.

How does a cryptocurrency calculator work?

A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between SO-COL and ILS.

How accurate is a cryptocurrency calculator?

Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as SO-COL and ILS. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.

Can I trust the results of a cryptocurrency calculator?

While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.

Can I use a cryptocurrency calculator for tax purposes?

Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.

Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?

If you want to know the value of SO-COL in ILS, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.
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.