KRW/CNY: what to know
The KRW/CNY rate shows how much CNY you get for 1 KRW. Right now, 1 KRW buys 0.00500026 CNY at the mid-market rate. In the other direction, 1 CNY is worth 199.9896 KRW.
In the short term KRW is driven mainly by tech exports and global risk appetite, while CNY responds to PBoC decisions and Chinese growth.
The South Korean Won (KRW) is issued by Bank of Korea. “Won” shares a root with yen and yuan, meaning “round”. The Chinese Yuan (CNY) is issued by People’s Bank of China. One yuan = 10 jiao = 100 fen.
Over the past 12 months the KRW/CNY rate has ranged between 0.00437613 and 0.00515332 — a change of -2.85% 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.