For example:
Buying a set of cosmetics 10000 won in Korea requires RMB = 10000*0.005824 RMB =582.4 RMB.
It takes 1000 won to take a bus in Korea, and RMB = 1000*0.05824 RMB =58.24 RMB.
If you need to exchange 5,000 RMB for traveling to South Korea, the convertible won is 5,000 *171.7009 won = 858,504.5 won.
Extended data:
20 14 12 1, the direct trading of Korean won against RMB was officially launched at 9: 00 am (Korea time) on 1 day, and the trading time was from 9: 00 am to 3: 00 pm on working days.
Choe Yeon-hwan, Deputy Prime Minister and Minister of Planning and Finance of South Korea, attended the commemorative opening ceremony held at the head office in korea exchange bank, Seoul, and said that the won is like a venture enterprise with great potential for the RMB direct trading market, and South Korea will cultivate this venture enterprise into an "invisible champion" with world competitiveness.
For a long time, individuals or enterprises can convert Korean won into RMB in banks, but when banks convert Korean won into RMB, they must first convert Korean won into US dollars, and then convert US dollars into RMB through foreign exchange markets in Hong Kong and other places. In the future, inter-bank Korean won exchange will no longer need to be converted into US dollars first, which can greatly save various expenses such as exchange fees.
Bank of China-Bank of China Seoul Branch took the lead in completing the first direct transaction between RMB and Korean won.