ILS/XPT: what to know
The ILS/XPT rate shows how much XPT you get for 1 ILS. Right now, 1 ILS buys 0.000183555 XPT at the mid-market rate. In the other direction, 1 XPT is worth 5,447.96 ILS.
In the short term ILS is driven mainly by the tech sector and geopolitics, while XPT responds to industrial (auto) demand and 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. Platinum is rarer than gold and vital for 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.