Chinese Yuan Renminbi

Chinese Yuan Renminbi

The renminbi (Ab.: RMB; simplified Chinese: 人民币; traditional Chinese: 人民幣; pinyin: rénmínbì; literally: "people's currency"; sign: 元; code: CNY) is the official currency of the People's Republic of China. The yuan (Chinese: 元; pinyin: yuán) is the basic unit of the renminbi, but is also used to refer to the Chinese currency generally, especially in international contexts where "Chinese yuan" is widely used to refer to the renminbi. The distinction between the terms renminbi and yuan is similar to that between sterling and pound, which respectively refer to the British currency and its primary unit. One yuan is subdivided into 10 jiao (Chinese: 角; pinyin: jiǎo), and a jiao in turn is subdivided into 10 fen (Chinese: 分; pinyin: fēn). The renminbi is issued by the People's Bank of China, the monetary authority of China.Until 2005, the value of the renminbi was pegged to the US dollar. As China pursued its transition from central planning to a market economy, and increased its participation in foreign trade, the renminbi was devalued to increase the competitiveness of Chinese industry. It has previously been claimed that the renminbi's official exchange rate was undervalued by as much as 37.5% against its purchasing power parity. More recently, however, appreciation actions by the Chinese government, as well as quantitative easing measures taken by the American Federal Reserve and other major central banks, have caused the renminbi to be within as little as 8% of its equilibrium value by the second half of 2012. Since 2006, the renminbi exchange rate has been allowed to float in a narrow margin around a fixed base rate determined with reference to a basket of world currencies. The Chinese government has announced that it will gradually increase the flexibility of the exchange rate. As a result of the rapid internationalization of the renminbi, it became the world's 8th most traded currency in 2013, and 5th by 2015.On 1 October 2016, the RMB became the first emerging market currency to be included in the IMF's special drawing rights basket, the basket of currencies used by the IMF (reserve currency).

Israeli Shekel

Israeli Shekel

The Israeli new shekel (Hebrew: שֶׁקֶל חָדָשׁ‎ Sheqel H̱adash; Arabic: شيكل جديد‎ šēkal jadīd; sign: ₪; code: ILS), also known as simply the Israeli shekel and formerly known as the New Israeli Sheqel (NIS), is the currency of Israel and is also used as a legal tender in the Palestinian territories of the West Bank and the Gaza Strip. The new shekel is divided into 100 agora. The new shekel has been in use since 1 January 1986, when it replaced the hyperinflated old shekel at a ratio of 1000:1. The currency sign for the new shekel ⟨ ₪ ⟩ is a combination of the first Hebrew letters of the words shekel (ש) and ẖadash (ח) (new). Alongside the shekel sign, the following abbreviations of NIS, ש"ח‎ and ش.ج‎ are also used commonly to denominate prices.

1 Chinese Yuan Renminbi to Israeli Shekel exchange rates chart

1 CNY to ILS exchange rates graph
1 CNY to ILS Spot rate – This is known more formally as the ‘interbank’ rate. It is the rate banks or large financial institutions charge each other when trading significant amounts of foreign currency. In the business, this is sometimes referred to as a ‘spot rate’. It is not the tourist rate and you cannot buy currency at this rate, as you are buying relatively small amounts of foreign currency. In everyday life it is the same as the difference between wholesale and retail prices. The rates shown in financial newspapers and in broadcast media are usually the interbank rates.

1 CNY to ILS exchange rates table

Exchange CNY to ILS
1 Chinese Yuan Renminbi = 0.531 Israeli Shekel
2 Chinese Yuan Renminbi = 1.062 Israeli Shekel
5 Chinese Yuan Renminbi = 2.654 Israeli Shekel
10 Chinese Yuan Renminbi = 5.309 Israeli Shekel
Exchange Chinese Yuan Renminbi to Israeli Shekel
1 Chinese Yuan Renminbi to Israeli Shekel Cross rate – This is the rate we give to customers who want to exchange currencies that do not involve the local currency. For example, if you want to exchange Australian dollars into US dollars.

1 CNY to ILS exchange rates news

African swine fever suspected to be in animal feed in China
African swine fever suspected to be in animal feed in China

Feed, hog producer Tangrenshen says disease suspected in unit's feed; Follows an outbreak on a farm of 8,000 pigs in Anhui

conditional neutral
METALS-Nickel drops for 3rd session to 11-mth low on strong dollar

Nickel prices on both the London and Shanghai exchanges fell on Monday to near 11-month lows due to pressure from a strong U.S. dollar and concerns over economic growth in China.

indicative positive
China reports new African swine fever outbreak in Anhui province
China reports new African swine fever outbreak in Anhui province

Outbreak infects 96 pigs on Anhui farm, killing 47; China has reported over 50 African swine fever cases since Aug; Pork producer Tangrenshen says.

indicative neutral
China's Ruyi, pretender to LVMH's throne, plots more "affordable luxury" deals
China's Ruyi, pretender to LVMH's throne, plots more "affordable luxury" deals

HONG KONG/BEIJING, Nov 12- China's acquisitive apparel firm Shandong Ruyi is targeting more global deals involving "affordable luxury" brands, under.

indicative positive
BRIEF-Beijing Qianjing Landscape Plans Share Private Placement To Fund Projects, Replenish Capital

Nov 11 (Reuters) - Beijing Qianjing Landscape Co Ltd : * SAYS IT AIMS TO RAISE UP TO 530 MILLION YUAN ($76.20 million) IN SHARE PRIVATE PLACEMENT TO FUND PROJECTS, REPLENISH CAPITAL Source text in Chinese: ...

indicative negative
Shekel weaker in wake of Gaza escalation

The shekel's boost from the end of the Bank of Israel's foreign currency purchasing program to offset gas sales has faded amid the rocket fire from Gaza

indicative negative
Convicted counterfeiters ordered to pay damages to Bank of Israel for… copyright infringement

Two people already convicted for their roles in a counterfeit ring in Israel have been ordered by a court to also pay damages to Bank of Israel… because printing your own 200-shekel notes apparently violates copyright.

indicative positive

1 CNY to ILS currency converter