1. Understanding the Conversion Screen
Let's use an example of a 25,000 USD conversion:
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“You Sell” amount (25,000 USD)
This is the amount of foreign currency you choose to convert. It determines which tier your transaction falls into and the spread that will be used. -
“Estimated Value” in ILS
This shows the estimated amount you will receive in shekels, based on the current estimated rate you are seeing at that moment. -
Your estimated net rate (for example: 1 USD = 3.1200 ILS)
This is the estimated exchange rate you would receive at the time you are looking at the screen. This is a calculated estimated rate which includes the Adesco spread (which we take from the indicative market rate). -
Indicative market rate (for example: 1 USD = 3.1360 ILS)
This is the current indicative market rate for this currency pair. It is similar to what you would see if you look at an online website.
The final rate will be determined at the moment an Adesco employee approves the conversion and executes the trade.
Estimated net rate
The estimated net rate and the spread Adesco takes are impacted by the tier of your conversion (the amount you are converting) and the direction of the transaction (foreign currency to shekel vs shekels to foreign currency).
2. How Adesco calculates the estimated net rate for foreign currency to ILS conversions (for example, USD → ILS)
Using an example rate of 1 USD = 3.2160 ILS
The following tiers are:
| You sell (USD) | Adesco spread (Calculation is: market rate - Adesco spread = net rate) |
For real estate conversions where Adesco will be making multiple payments on your behalf, we take an extra spread of 0.0010 ILS per 1 USD. |
|---|---|---|
| $10,000 – $25,000 |
Minimum trade amount: $10K – rate improves as trade grows
Starts at 0.04 ILS improving to 0.016 ILS |
Minimum trade amount: $10K – rate improves as trade grows Starts at 0.04 ILS improving to 0.017 ILS |
| $25,000 – $500,000 | 0.016 ILS fixed spread Example: 3.2160-0.016=3.2000 |
0.017 ILS fixed spread Example: 3.2160-0.017=3.1990 |
| $500,000 – $1,000,000 | 0.015 ILS fixed spread Example: 3.2160-0.015=3.2010 |
0.016 ILS fixed spread Example: 3.2160-0.016=3.2000 |
| $1,000,000+ | 0.013 ILS fixed spread Example: 3.2160-0.013=3.2030 |
0.014 ILS fixed spread Example: 3.2160-0.014=3.2020 |
Full example: 25,000 USD → ILS (regular transfer)
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Indicative market rate: 1 USD = 3.1360 ILS.
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Tier: 25,000 – 500,000 USD, regular transfer.
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Spread: 0.0160 ILS per 1 USD is subtracted.
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Estimated net rate: 3.1360 − 0.0160 = 3.1200 ILS per 1 USD.
Example: 25,000 USD → ILS (real‑estate payment)
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Same indicative market rate: 1 USD = 3.1360 ILS.
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Tier: 25,000 – 500,000 USD, real‑estate payment.
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Spread: 0.0170 ILS per 1 USD is subtracted
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Estimated net rate on final summary: 3.1360 − 0.0170 = 3.1190 ILS per 1 USD.
Important: on the first conversion screen, you only select the amount, so the calculator applies the regular tier spread. You choose the conversion purpose / type of real estate later, so the extra 0.001 ILS per 1 USD is applied only on the final review/summary screen, not on the initial conversion view.
3. ILS → foreign currency (for example, ILS →USD) - buying dollars
Using an example rate of 1 USD = 3.2160 ILS
The following tiers are:
| You buy (USD) | Margin from market rate (regular transfer) |
|---|---|
| $10,000 – $25,000 |
From 0.0425 improving to 0.017
Minimum trade amount: $10K – rate improves as trade grows |
| $25,000 – $500,000 | 0.017 ILS fixed spread Example: 3.2160-0.017=3.1990 |
| $500,000 – $1,000,000 | 0.016 ILS fixed spread Example: 3.2160-0.016=3.2000 |
| $1,000,000+ | 0.014 ILS fixed spread Example: 3.2160-0.014=3.2020 |
Example: ILS amount ≈ 25,000 USD (regular transfer)
In the case of converting 80,000 ILS → USD:
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Tier: amount in the 25,000 – 500,000 USD equivalent, regular transfer.
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Spread: 0.0170 ILS per 1 USD is added.
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Estimated net rate: 3.1360 + 0.0170 = 3.1530 ILS per 1 USD.
Please note: for ILS → foreign currency payments, an additional fee of $38 (or the equivalent amount in the currency you are buying) is charged.