ILS/CNY: what to know
The ILS/CNY rate shows how much CNY you get for 1 ILS. Right now, 1 ILS buys 2.2119 CNY at the mid-market rate. In the other direction, 1 CNY is worth 0.4521 ILS.
In the short term ILS is driven mainly by the tech sector and geopolitics, while CNY responds to PBoC decisions and Chinese growth.
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. The Chinese Yuan (CNY) is issued by People’s Bank of China. One yuan = 10 jiao = 100 fen.
Over the past 12 months the ILS/CNY rate has ranged between 2.1203 and 2.4109 — a change of +4.54% 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.