Should we convert USD before Israel or wait until we get there? | Tel Aviv - LikeALocal Guide

Should we convert USD before Israel or wait until we get there?

C
By Traveller June 12, 2017
Tel Aviv

Should we convert USD before Israel or wait until we get there?

(8 answers)
C
By Celeste Traveller June 12, 2017

We have a debit card with a Credit Union. We are leaving for Israel early Saturday morning and havent figured out what to do about cash. We would lile to convert our money to shekals so we can buy street food and gifts from shops. Should we do it in the US, at the airport, use an ATM in Israel? We cant convert money at a bank in the US without opening up an account first. We are at a loss. What are the rates of converting money in Israel? What is our cheapest or most convenient option?

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8 answers

I generally avoid ATM because of the fees and the unfavourable rate at the exchange offices.

Just discovered a new mobile app for my next trip Fairswap. It allows to exchange cash currency in real-time by meeting with each other at a pre-agreed location.
Widely, you can post your need in foreign currency and if there is someone nearby facing the reverse need, then he can contact you and you will meet him and make the swap.

Could be a good way to change before travelling or get rid of some leftover after holidays
R
Traveller September 18, 2018
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You guys are awesome! I think we will hold off and wait to exhange locally when we are in Tel Aviv. Now we are meeting with a group when we land, and leaving with them to the American Institute, so are there other exchange places throughout Israel just in case we can't make a stop in Tel Aviv?
C
Traveller June 12, 2017
Reply
Wait!!! There are tons of changes in TelAviv, and the competition makes best prices...make sure you change a small amount before you compare few changes...
G
Local June 12, 2017
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In Israel, best are small change-places; they're usually honest and give the best rates.
The post-offices are reasonable, but I would not waste my time on their SLOW lines - best avoid.
The banks here usually give VERY bad rates, AVOID THEM!!
And the very worst rates, would be found at the airport. Do not change there, unless you must - and then, just a small amount, to get you to the city.

Current going rates (from last Friday, the 9th) are:
1 $ = 3.5320 Sheqels
1 Euro = 3.9541 Sheqels
1 Pound = 4.4845 Sheqels
Local June 12, 2017
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I would suggest not to use ATM in another country. It's always the most high rates.
Also ypu should check if you can use your debit card here. Are you sure you can use it like international credit card?
When I travel, I never convert money in foreign country.
What are the rates in US?
Local June 12, 2017
Reply
use credit card in shops most will
accept it. exchange at change place and bargain .
Do not buy cash in hotel or in the bank, both will be expensive
Local June 12, 2017
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Use the credit card in shops, most of them would accept it. For street food exchange to NIS at any change (there are many of them in Tel Aviv, but always bargain the price .
Do not exchange in the bank or in the hotel as those options would be very expensive
Local June 12, 2017
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You can change your dollars to shekels in the many money-change shops in Tel-Aviv, they are pretty much everywhere and it's chipper then the airport. Also if you have an international credit card you can use any ATM and most of the stores (even at the markets)
Local June 12, 2017
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