CNY/ILS: what to know
The CNY/ILS rate shows how much ILS you get for 1 CNY. Right now, 1 CNY buys 0.4518 ILS at the mid-market rate. In the other direction, 1 ILS is worth 2.2132 CNY.
In the short term CNY is driven mainly by PBoC decisions and Chinese growth, while ILS responds to the tech sector and geopolitics.
The Chinese Yuan (CNY) is issued by People’s Bank of China. One yuan = 10 jiao = 100 fen. 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.
Over the past 12 months the CNY/ILS rate has ranged between 0.4148 and 0.4716 — a change of -4.34% versus a year ago.
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.