About this pair
KRW/CNH: what to know
The KRW/CNH rate shows how much CNH you get for 1 KRW. Right now, 1 KRW buys 0.00499882 CNH at the mid-market rate. In the other direction, 1 CNH is worth 200.0471 KRW.
In the short term KRW is driven mainly by tech exports and global risk appetite, while CNH responds to sentiment toward China and offshore flows.
The South Korean Won (KRW) is issued by Bank of Korea. “Won” shares a root with yen and yuan, meaning “round”. 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.