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CNY/KRW - Live Converters & Chart

Chinese Yuan to South Korean Won - Convert Compare Save

The total cost you are charged by your foreign exchange provider consists of the margin from the mid-rate offered plus any fixed or percentage fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

CNY to KRW interbank exchange rate = 172.3095

This calculator converts amounts at the latest KRW/CNY mid-rate or enter a rate to check the exchange rate you are being offered or already charged.

 

CNY / KRW converter & margin calculator

¥CNY
₩KRW
Mid-rates:
 
 

Foreign Transfers Travel Money

Sending CNY->KRW we recommend:

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Chinese Yuan

South Korean Won

1 CNY 172.31 KRW
5 CNY 861.55 KRW
10 CNY 1,723.10 KRW
20 CNY 3,446.19 KRW
50 CNY 8,615.48 KRW
100 CNY 17,230.95 KRW
250 CNY 43,077.38 KRW
500 CNY 86,154.75 KRW
1,000 CNY 172,309.50 KRW
2,000 CNY 344,619.00 KRW
5,000 CNY 861,547.50 KRW
10,000 CNY 1,723,095.00 KRW
50,000 CNY 8,615,475.00 KRW
100,000 CNY 17,230,950.00 KRW
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Chinese Yuan

South Korean Won

0.0058 CNY 1 KRW
0.0290 CNY 5 KRW
0.0580 CNY 10 KRW
0.1161 CNY 20 KRW
0.2902 CNY 50 KRW
0.5804 CNY 100 KRW
1.4510 CNY 250 KRW
2.9020 CNY 500 KRW
5.8040 CNY 1,000 KRW
11.61 CNY 2,000 KRW
29.02 CNY 5,000 KRW
58.04 CNY 10,000 KRW
290.20 CNY 50,000 KRW
580.40 CNY 100,000 KRW
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CNY/KRW - Historical Trends

This table shows historic rates and trends of Chinese Yuan to South Korean Won over periods upto 10 years.

PeriodCNY/KRWDate
1 Day172.686518 May 2019
1 Week172.245512 May 2019
1 Month169.527519 Apr 2019
6 Months162.737920 Nov 2018
1 Year169.523019 May 2018
5 Years164.570620 May 2014
10 Years182.569521 May 2009

You can use our CNY interactive charts to check CNYKRW historic trends.

Outlook and forecasts for CNY and KRW

Whenever you are researching a particular exchange rate you are actually interested in two currencies as exchange rates are the ratio between two currencies.

So it follows that if you are determining the best time to transact, in this case the CNY vs KRW, you should pay attention to the forecasts and trends for both Chinese Yuan and South Korean Won:

 

Chinese Yuan (CNY) outlook

Increasingly, the yuan is being used as a barometer for progress made on US-China trade talks. For that reason, it fell sharply in the weeks leading up to this report (May-17).

Trade tensions were ramped up in May after President Trump announced higher tariffs on Chinese goods, after China retaliated with tariffs of its own, and then after Trump placed Huawei on the "entity list," thereby making it impossible for the tech giant to do business with US firms.

Between May-6 and May-17, the yuan weakened in the offshore market by 3 percent (a considerable amount for a government-controlled currency) to a 5-month low of 6.95 per USD. Onshore yuan, which is more easily controlled by the PBOC, reached towards 6.92.

All eyes now are on the 7.0 exchange rate. Will the PBOC allow the yuan beyond that? An RBC strategist believes that’s unlikely in the short term because a weaker yuan would create more friction between China and the US. Trump often alleges that China purposefully weakens its currency to gain a trade advantage.

“A rapid conclusion to the US–China trade deal and … complete rollback of tariffs ... would be an effective catalyst to drive RMB higher,” Citibank said.

 

South Korean Won (KRW) outlook

The South Korean won has been the worst-performing Asian currency in 2019.

At the time of writing, while most emerging Asian currencies were showing year-to-date gains against the dollar, the won had lost 1.8 percent, with weakness driven by falling exports and an alarming drop in South Korean inflation, which themselves drove expectations for an interest rate cut by the Bank of Korea, even though the BoK said in March that policy easing was not yet warranted.

In early April, at 1134 to the dollar, the won was trading near the weaker boundary of its trading range, which existed between 1110 and 1140 (this having contained most price action in the July-18 to April-19 period).

In April, TradingEconomics.com predicted that USD/KRW would rise to 1164 by April 2020. That's a level last seen in January 2017.

Why can't I just get the CNY/KRW market rate I see online or in the media?

The CNY/KRW mid-rate is the rate you will see quoted online or the news, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between the last rate at which the CNY / KRW was traded (bought or sold) in the international markets.

Getting a good market rate is mainly about timing however the transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

We help you Compare & Save Money on Exchange Rates.

 

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