ILS/XPD: what to know
The ILS/XPD rate shows how much XPD you get for 1 ILS. Right now, 1 ILS buys 0.000252993 XPD at the mid-market rate. In the other direction, 1 XPD is worth 3,952.68 ILS.
In the short term ILS is driven mainly by the tech sector and geopolitics, while XPD responds to auto demand and tight supply.
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. Palladium is used mainly in petrol-engine catalytic converters.
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.