Answers to Questions by Yair Davidiy
What is the best place to exchange money in Tel Aviv?
Do NOT go to a Bank. The banks may give you the regular rate but charge a lot in commission, charges, etc, plus the waiting time, and filling out forms, possible delays, etc, makes it a bad deal.
Go to a changing point. These are official and are found all over the place all day long. Just look for the sign or ask somebody. They are quick and friendly and take much less commission than the banks. They should give you the money on the spot. The rates are about the same everywhere. If you want to be certain about the rate ask in more than one place. Usually a few of these establishments will be found close by each other. Most places in Israel are honest. There may be exceptions. Count the money after receiving it straight away on the spot. Everyone can make mistakes. If you think the mistake is in your favor, count the money again and then do the honest thing.
When changing checks you will have to pay a commission of between 1.5 to 3%, these days more likely 3%. After that you have the exchange rate to compute. This does not vary much except where large sums are involved.