30005 Korean won = 161.1569 RMB 1 RMB = 186.1851 Korean won

1. The Korean won is the currency in circulation in South Korea. It is issued by the Bank of Korea, the central bank of Korea. The basic unit is the Korean won. The ISO code is KRW. The monetary unit of South Korea is "_", and the Chinese characters are written as "yuan" or "yuan"; the currency symbol is _, and sometimes the old name "_" is used.

Second, there are two types of Korean won: banknotes and coins. There are four kinds of banknotes: 1,000 won, 5,000 won, 10,000 won, and 50,000 won. They are easy to distinguish based on the historical figures and colors printed on the banknotes. The total number of Korean coins is 1 Korean won, 5 Korean won, 10 Korean won, 50 Korean won, 100 Korean won, 500 Korean won, 6 currency values. There are four types of coins currently in circulation: 10 won, 50 won, 100 won, and 500 won (10 won is the smallest unit). Due to the high exchange rate of the Korean won and its value, the 1-yuan and 5-yuan coins were stopped from circulation in February 2001. On June 23, 2009, the Bank of Korea, the central bank of Korea, issued a banknote with a denomination of 50,000 won (approximately US$40), which is the largest denomination banknote ever issued by the country. The commonly used pronunciations "WON" and "HUAN" are the pronunciation and usage of Korean currency in ancient times.

Third, when Korea was founded, the currency value was issued with reference to the Japanese yen. From 1 yuan to 10,000 yuan in denominations. Later, after nearly 60 years of South Korean economic take-off and South Korean economic prosperity, the currency value of the Korean won is too high today, but it has not had much impact on the circulation of the currency. In 2009, Korean won with a denomination of 50,000 won was also issued based on market demand. The statement "not valuable" is unscientific. It can only be said that the currency denomination is set higher.

Currency is a general equivalent, and there is a certain proportional relationship between the total supply of money and the actual purchasing power. For example, if a country has items worth 10 billion yuan, this country prints 10 billion yuan of currency. Then anything worth one dollar will be sold for one dollar. But if this country prints 100 billion yuan of currency and the total value of goods is still 10 billion yuan, then things that originally cost one yuan will be sold for 10 yuan. The number of coins printed in South Korea is relatively large, and something that sells for 1 yuan in China will cost more than 100 yuan there. So the face value is high.

Fourth, in the past, the only way to exchange for Korean Won was to exchange for US dollars, and then take the US dollars to South Korea to exchange for Korean won. The exchange rate of the RMB against the U.S. dollar is relatively stable compared to the exchange rate of the U.S. dollar against the Korean won, because the People's Bank of China pegs the RMB to the U.S. dollar. When the exchange rates of other currencies against the U.S. dollar fluctuate significantly, the exchange rate of the RMB against the U.S. dollar basically remains unchanged. After the exchange rate reform, the People's Bank of China announced that the RMB was pegged to a basket of currencies such as the U.S. dollar and the euro, but other currencies accounted for a smaller share. Therefore, in South Korea, if you exchange RMB for Korean won, the bank actually converts RMB into US dollars and then into Korean won. In this way, consumers have to pay the exchange difference twice and receive relatively less Korean won.

Fifth, domestic banks have now officially launched two-way exchange business for Korean Won (KRW) banknotes, and the Korean Won has also been officially added to the foreign currency column of the RMB foreign exchange quotation. Bank of China is the first domestic bank approved to operate two-way exchange business of Korean won cash. 1,000 Korean won is roughly equivalent to RMB 6.10. After opening the two-way exchange business of Korean won cash, Bank of China will provide residents and non-resident individuals with the service of exchanging Korean won cash for RMB cash. When redeeming, you need to provide your valid ID card. However, the service of exchanging RMB cash for Korean won cash is only provided to non-resident individuals. Moreover, domestic banks are temporarily unable to provide Korean won foreign exchange purchase business.

For personal reasons, business trips, or traveling to South Korea, individuals can first use RMB to purchase foreign exchange in U.S. dollars in China, and then exchange them into Korean won for use