Today, 1.00 (one) South Korean Won is worth 0.01 Yuan, ie, ₩1.00 = ¥0.01. That's because the current exchange rate, to CNY, is 0.01. So, to make South Korean Won to Yuan conversion, you just need to multiply the amount in KRW by 0.01.
Learn how to get the best South Korean Won exchange rate before exchanging your money
The South Korean Won is the official South Korean Won currency. KRW/CNY represents the value of South Korean Won money in Yuan money and it is called the 'exchange rate' or 'forex rate'. This exchange rate from South Korean Won to Yuan is today at 0.005.
As an example, suppose you are from Beijing China and you travel to Seoul South Korea. There, you need to get 1000 South Korean Wons ( ₩) at a Seoul bank to pay your hotel. In this case you would pay 0.005 * 1000 = 5.272 Yuans (¥). But, in practice, you will pay more (or perhaps much more) to get the same amount of your foreign currency due to the margin for the money conversion services costs like: commissions, credit card surcharges, ATM fees and other expenses. If, for example, you are using a credit card, this margin will typically be around 2 to 3 percent. We recommend that you choose the best place to make your money exchange because there can be a large difference between forex rates you will get.
In the example above for a 1000 South Korean Wons amount, the result of the money conversion is 5.378 CNY for a 2% margin or 5.430 CNY for a 3% margin.
Some Internet based foreign currency exchange agencies add 10 percent or even more. So, if you make the same calculations above, there will be a difference of about 0.527 CNY depending on which forex bank or agency you choose to exchange your money. So, that's why we advise you to seek the best place to get the best fx rates for your upcoming money transfer/exchange. The only way to know what is the best exchange rate is to know what the current rate is. You can easily accomplish this by using periodically our currency converter above to get an idea of what forex rate to expect.
Note: If you use our currency converter, you only need to choose the amount of margin in its drop-down list and have an estimate of how much you will pay to get the desired amount.
By the way: there are some notations for this currency pair like KRW-CNY or KRWCNY among others. The currency symbol for South Korean Won is (₩) while the currency symbol for Yuan is (¥). Note also that the South Korea country code is KOR or KR. The China country code is CHN or CN
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South Korean Won Converters
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