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.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
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 January 08, 2025, 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 January 08, 2025. 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: January 08, 2025. 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 January 08, 2025)
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/
