Currency Management & Foreign Exchange

Many US expatriates continue to earn, invest, or hold assets in US dollars while managing everyday expenses in the local currency of their country of residence. 

As fiduciary advisors, Nardis helps clients transfer money from US to Israel through competitive foreign exchange solutions, coordinated international transfers, and, where appropriate, exposure to non-dollar assets as part of a broader long-term investment strategy.

Currency management can materially impact:

• Purchasing power
• Retirement income
• Investment returns
• Long-term financial stability

As a result, managing finances across borders often raises practical and strategic questions surrounding foreign exchange, purchasing power, and international liquidity planning, areas in which we have over 16 years’ experience offering practical, fiduciary guidance to expats.

What is the best way to transfer money from the US to Israel?

The best way to send money to Israel often involves using a financial institution or custodian experienced in cross-border transfers, particularly for larger transactions or ongoing international cash flow needs. 

Factors such as transfer size, exchange rates, timing, and currency conversion costs can all materially affect the efficiency and overall cost of moving funds between US dollar and shekel accounts.

When should I convert USD to shekels?

The best way to convert USD to ILS is often through a structured currency strategy that considers exchange rates, transfer timing, long-term financial needs, and how funds will be accessed across US and Israeli bank accounts rather than making large one-time conversions.

Many expatriates use a phased USD to ILS conversion strategy to help manage currency volatility during relocation, retirement, or other major financial transitions.

How does the USD–ILS exchange rate impact my finances?

The USD–ILS exchange rate can significantly affect purchasing power, retirement income, investment returns, property purchases, and everyday living expenses in Israel. 

Currency exchange for expats in Israel often becomes an important part of long-term financial planning, particularly as expat banking in Israel may involve managing cash flow, transfers, and financial flexibility across both US dollar and shekel accounts during periods of currency volatility.

Should I keep money in USD or convert to ILS?

Many internationally based families benefit from maintaining a balance between USD and ILS rather than relying entirely on one currency. 

The right USD to ILS conversion strategy depends on living expenses, retirement income, investment objectives, property plans, long-term residency expectations, and the impact a strong shekel may have on purchasing power and long-term financial flexibility.