In October 2024, the total value of electronic wire transfers between customers over Israel’s ZAHAV payment system was 313 billion Israeli shekels, about 86 billion U.S. dollars. This reflected a decrease of 20 percent in the value of transactions from the previous month. Notably, transaction values were the lowest in April 2023 at 237 billion Israeli shekels, some 65 billion U.S. dollars.
Monthly total value of wire transfers between customers over ZAHAV payment system in Israel from October 2022 to October 2024
(in billion Israeli shekels)
Currency conversion rate as of November 27, 2024 was 1 USD = 3.65 ILS.
The ZAHAV system is Israel’s real-time gross settlement (RTGS) system, managed by the Bank of Israel. It enables individuals, businesses, and financial institutions to make immediate, final, and secure money transfers, with each transaction settled instantly to reduce risk. The system is known for its stability and high availability.
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Bank of Israel. (November 7, 2024). Monthly total value of wire transfers between customers over ZAHAV payment system in Israel from October 2022 to October 2024 (in billion Israeli shekels) [Graph]. In Statista. Retrieved December 04, 2024, from https://www.statista.com/statistics/1537237/israel-monthly-wire-transfer-total-value-zahav-system/
Bank of Israel. "Monthly total value of wire transfers between customers over ZAHAV payment system in Israel from October 2022 to October 2024 (in billion Israeli shekels)." Chart. November 7, 2024. Statista. Accessed December 04, 2024. https://www.statista.com/statistics/1537237/israel-monthly-wire-transfer-total-value-zahav-system/
Bank of Israel. (2024). Monthly total value of wire transfers between customers over ZAHAV payment system in Israel from October 2022 to October 2024 (in billion Israeli shekels). Statista. Statista Inc.. Accessed: December 04, 2024. https://www.statista.com/statistics/1537237/israel-monthly-wire-transfer-total-value-zahav-system/
Bank of Israel. "Monthly Total Value of Wire Transfers between Customers over Zahav Payment System in Israel from October 2022 to October 2024 (in Billion Israeli Shekels)." Statista, Statista Inc., 7 Nov 2024, https://www.statista.com/statistics/1537237/israel-monthly-wire-transfer-total-value-zahav-system/
Bank of Israel, Monthly total value of wire transfers between customers over ZAHAV payment system in Israel from October 2022 to October 2024 (in billion Israeli shekels) Statista, https://www.statista.com/statistics/1537237/israel-monthly-wire-transfer-total-value-zahav-system/ (last visited December 04, 2024)
Monthly total value of wire transfers between customers over ZAHAV payment system in Israel from October 2022 to October 2024 (in billion Israeli shekels) [Graph], Bank of Israel, November 7, 2024. [Online]. Available: https://www.statista.com/statistics/1537237/israel-monthly-wire-transfer-total-value-zahav-system/
