How to Convert Canadian Dollars to Israeli Shekels?

Whether you’re travelling to Israel, investing abroad, or sending money to family, knowing how to convert CAD to shekel efficiently can help you save both time and money. The exchange rate between the Canadian dollar (CAD) and the Israeli shekel (ILS) changes constantly, influenced by market trends, interest rates, and global economic factors. By understanding your options and using trusted platforms, you can ensure you get the best possible rate when converting your Canadian dollars to Israeli shekels, without hidden fees or unnecessary delays.

1 CAD to shekel: What’s the current rate today?

The Canadian dollar to shekel exchange rate fluctuates constantly, influenced by global markets, interest rate changes, and economic performance in both Canada and Israel. Because these rates move daily, it’s important to check the live value before making a transaction. 

For example, if the rate were 1 CAD = ₪2.30 ILS, converting CAD 1,000 would give you ₪2,300 before any fees. Choosing a provider that offers better exchange rates and lower transfer costs could mean saving several shekels on every transaction. Always compare rates and use live tools to ensure you’re getting the best possible value when converting Canadian dollars to Israeli shekels.

You can find the current CAD to shekel rate using the currency converter widget below to know exactly how much your Canadian dollars are worth in Israeli shekels at that moment.

When is the best time to convert CDN to Israeli shekel?

Finding the right time to exchange currencies can make a noticeable difference in how much you receive. Whether you’re planning to convert CAD to Israeli shekel or convert shekels to Canadian dollars, timing your transaction around favourable market conditions can help you get more value from your money. Because currency markets are always changing, keeping an eye on the exchange rate before converting ensures you’re making the most of your funds.

Watch for market movements

Exchange rates between the Canadian dollar to shekel shift daily due to global economic factors. The Canadian dollar often strengthens when oil prices rise or when the Bank of Canada maintains higher interest rates. On the other hand, the Israeli shekel reacts to Israel’s trade balance, inflation levels, and local monetary policies. By monitoring these economic indicators, you can identify periods when it’s more favourable to convert CAD to shekel or convert shekels to Canadian dollars, depending on your needs.

Avoid high volatility periods

It’s wise to avoid conversions during times of global market uncertainty or major economic announcements, as rates can swing sharply. Waiting for stability, such as after interest rate decisions or geopolitical events, can often result in a more predictable and advantageous exchange rate.

Use tools to your advantage

To make the most of your exchange, use live currency tools or rate alerts to track fluctuations. Checking the Canadian dollar to shekel rate regularly or setting up notifications helps you convert when the CAD is strong, giving you more Israeli shekels for your money. Similarly, if you need to convert shekels to Canadian dollars, waiting for the shekel to appreciate can increase your return. Being proactive and informed ensures you get the best possible value whenever you decide to convert.

Check the CAD to ILS trend below with the help of MTFX currency chart tool and analyze the pair.

Where can you convert Canadian dollars to shekel in Canada?

When planning to travel, invest, or send money abroad, finding the right way to convert CAD to Israeli shekel can make a big difference in how much you receive. The CAD to Israeli shekel exchange rate can vary widely across banks, exchange offices, and online platforms, so understanding the pros and cons of each option helps you choose wisely.

1. Banks and financial institutions

Canadian banks are a familiar choice for currency conversion, but they tend to be the most expensive option. While they offer convenience and trust, banks usually add high markups and hidden service fees on top of the standard rate. The exchange rate you get at a bank is often less competitive than what you’ll find through a specialized foreign exchange provider.

2. Currency exchange offices

Currency exchange bureaus found in shopping centres or airports can offer a quick way to convert CAD to Israeli shekel, but their rates often fluctuate and may not be transparent. Some charge flat service fees, while others hide costs in less favourable rates. Additionally, you’ll need to visit in person, which isn’t ideal for large or frequent transfers.

3. Online money transfer

Modern fintech platforms like MTFX provide a faster, cheaper, and more transparent way to send money to Israel. These online services offer live mid-market rates, lower fees, and flexible transfer options. You can lock in rates, send money instantly, and manage transactions 24/7, all without visiting a branch. Unlike banks or exchange kiosks, fintech platforms focus on real savings and efficiency, making them the smartest choice for Canadians converting funds to shekels for property, tuition, or business.

4. Airport and hotel exchange desks

Airport counters and hotel exchange services should be your last resort. They’re convenient for small cash exchanges but come with the worst exchange rates and high commissions. These kiosks profit from urgency and limited competition, often charging 5–10% more than market value.

How to send money from Canada to Israel with MTFX

Transferring funds from Canada to Israel is quick and straightforward with MTFX. Follow these simple steps to convert CAD to Israeli shekel securely and get the best value for your money.

Step 1: Create your MTFX account

Sign up for a free MTFX account online. The registration process is fast and secure, allowing you to start sending money internationally within minutes.

Step 2: Verify your identity

As a FINTRAC-regulated platform, MTFX requires a quick verification process for security and compliance. Upload your identification documents to confirm your account and activate full access.

Step 3: Fund your account in Canadian dollars

Add funds to your MTFX account using Interac e-Transfer, wire transfer, or electronic funds transfer (EFT). This gives you a clear idea of how much Canadian dollar to shekel you’ll be converting for your transaction.

Step 4: Enter your recipient’s details

Provide the beneficiary’s information, including their name, bank account number, and SWIFT or IBAN code for Israeli banks. MTFX supports transfers to all major financial institutions in Israel.

Step 5: Get a live exchange rate quote

Before confirming the transfer, you’ll see the live CAD to Israeli shekel exchange rate. MTFX offers competitive, real-time rates that are much better than traditional banks, helping you save more on every transaction.

Step 6: Confirm and send your transfer

Review the details and confirm your transfer. MTFX processes most transactions quickly, with funds typically reaching Israeli bank accounts within one to two business days.

Step 7: Track your payment online

Once your payment is sent, you can track its progress in real time through your MTFX dashboard. You’ll receive confirmation once the money arrives safely in Israel.

With MTFX, you can send money abroad easily while enjoying excellent rates, low fees, and complete transparency. It’s the smarter way to convert CAD to Israeli shekel and move funds internationally with confidence.

Move your money smarter with MTFX

Converting and transferring funds from Canada to Israel doesn’t have to be costly or complicated. With MTFX, you can convert CAD to Israeli shekel quickly, securely, and at far better rates than traditional banks. The platform gives you full visibility of fees, real-time exchange rates, and faster delivery times, ensuring your money reaches its destination efficiently.

Whether you’re paying for property, tuition, or business expenses in Israel, MTFX helps you get more value for every dollar you exchange. Take control of your international transfers and enjoy peace of mind knowing your funds are handled by a FINTRAC-regulated provider trusted by Canadians.

Create an account and start saving today. Convert CAD to Israeli shekel with MTFX and experience a faster, more affordable way to send money abroad.

FAQs

1. How to convert CAD to shekel?

You can convert CAD to shekel easily using online platforms like MTFX, which offer competitive exchange rates and low transfer fees. Simply create an account, add your Canadian funds, and send money directly to an Israeli bank account.

2. How much is a shekel worth in Canadian dollars?

The value of a shekel against the Canadian dollar changes daily based on market conditions. To see the latest rate and find out how much a shekel is worth in Canadian dollars, check the live currency converter on the MTFX website before making a transfer.

3. Where to convert CAD to shekel in Canada?

You can convert CAD to shekel through banks, currency exchange offices, or online transfer services. However, fintech platforms like MTFX usually offer better CAD to Israeli shekel rates, lower fees, and faster processing times.

4. How much dollar to shekel will I get when sending money?

The amount you receive depends on the live dollar Canadian to shekel exchange rate at the time of your transfer. Using MTFX ensures you get transparent, real-time rates and no hidden markups, so you know exactly how many shekels you’ll get for each Canadian dollar.

5. Can I convert shekels to Canadian dollars?

Yes. You can also convert shekels to Canadian dollars using the same online platforms that support CAD–ILS conversions. This is helpful if you’re receiving payments or repatriating funds from Israel to Canada.

6. What’s the best way to convert CAD to Israeli shekel online?

The most efficient and cost-effective way to convert CAD to Israeli shekel is through regulated online providers like MTFX. They offer live mid-market rates, low fees, and secure transfers compared to traditional banks or exchange counters.

7. Is it better to convert CAD to shekel before travelling to Israel?

It’s often cheaper to exchange a small amount before travel for immediate expenses and use online tools like MTFX to handle larger conversions at better rates. This way, you lock in a favourable CAD to shekel rate and avoid inflated airport exchange rates.

8. What affects the CAD to Israeli shekel exchange rate?

The CAD to Israeli shekel rate is influenced by global market trends, interest rate changes, and the economic performance of both countries. Monitoring these factors can help you convert at a more favourable time.

9. How secure is it to convert CAD to shekel online?

When using a FINTRAC-regulated provider like MTFX, your transfers are fully secure and compliant with Canadian financial regulations. It’s one of the safest ways to send and convert CAD to Israeli shekel online.

Create an account and start saving today. Convert CAD to Israeli shekel with MTFX and experience a faster, more affordable way to send money abroad.