ILS/XAU: what to know
The ILS/XAU rate shows how much XAU you get for 1 ILS. Right now, 1 ILS buys 0.0000757433 XAU at the mid-market rate. In the other direction, 1 XAU is worth 13,202.49 ILS.
In the short term ILS is driven mainly by the tech sector and geopolitics, while XAU responds to real interest rates, the dollar and safe-haven demand.
The Israeli Shekel (ILS) is issued by Bank of Israel. “Shekel” is one of the oldest names for a unit of money — mentioned in the Bible. The code “XAU” combines “X” (supranational) with gold’s chemical symbol Au.
Because this pair involves a precious metal, the rate reflects global bullion prices per troy ounce. Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.