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