About this pair
CNH/ILS: what to know
The CNH/ILS rate shows how much ILS you get for 1 CNH. Right now, 1 CNH buys 0.4520 ILS at the mid-market rate. In the other direction, 1 ILS is worth 2.2125 CNH.
In the short term CNH is driven mainly by sentiment toward China and offshore flows, while ILS responds to the tech sector and geopolitics.
CNH is the “offshore” version of the Chinese yuan, traded mainly in Hong Kong — hence the “H”. 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.
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.