XAU/ILS: what to know
The XAU/ILS rate shows how much ILS you get for 1 XAU. Right now, 1 XAU buys 13,186.65 ILS at the mid-market rate. In the other direction, 1 ILS is worth 0.0000758343 XAU.
In the short term XAU is driven mainly by real interest rates, the dollar and safe-haven demand, while ILS responds to the tech sector and geopolitics.
The code “XAU” combines “X” (supranational) with gold’s chemical symbol Au. 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.
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.