By all accounts, the place to get the best exchange rate in a foreign country is from an automatic teller machine (ATM). Thankfully, Israel doesn't lack for these though they do have some peculiarities that I thought I'd mention. First, I've found there will be usually 2 of the machines at the various banks. I don't know why they have 2 of them. Second, for some reason, my ATM card won't work in 1 of the machines. Thankfully, it always works in the other so if the first ATM you use doesn't work, try the second. Third, ATM fees in Israel are pretty reasonable. My first ATM withdrawal was for 200 shekels (approximately $50 U.S.) which cost me $1.42 U.S. Fourth, one drawback to the Israeli ATMs is the receipt you'll get back if you ask for one which I would recommend (makes it easier to keep track of your withdrawals). The receipt is entirely in Hebrew. Hebrew is a language that isn't remotely close to English. You can't remotely guess what the words mean and, it's written right to left vice left to right in English. This means you won't be able to figure out what your receipt says barring the amount you withdrew and the date/time of the transaction.
Overall, I'd recommend if you're traveling to Israel to use ATMs to get shekels vice foreign exchange service. The ATM fees are reasonable, ATMs are widely available in Israel as far as I know and, they offer very good exchange rates. Happy travels all!
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