CNY/KRW: what to know
The CNY/KRW rate shows how much KRW you get for 1 CNY. Right now, 1 CNY buys 199.9896 KRW at the mid-market rate. In the other direction, 1 KRW is worth 0.00500026 CNY.
In the short term CNY is driven mainly by PBoC decisions and Chinese growth, while KRW responds to tech exports and global risk appetite.
The Chinese Yuan (CNY) is issued by People’s Bank of China. One yuan = 10 jiao = 100 fen. The South Korean Won (KRW) is issued by Bank of Korea. “Won” shares a root with yen and yuan, meaning “round”.
Over the past 12 months the CNY/KRW rate has ranged between 194.0498 and 228.5122 — a change of +2.93% 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.