Enter the amount of Korean won (KRW) or RMB to be exchanged, select the original currency and target currency, and click [Exchange] to convert the convertible Korean won into RMB according to the latest real-time exchange rate today. If you want to calculate the exchange rate of multiple currencies equal to how many won, please use the multi-currency exchange rate calculator. This won exchange rate converter is calculated according to the current average exchange rates of four state-owned banks: Bank of China, Industrial and Commercial Bank of China, China Construction Bank and China Agricultural Bank. How much is a won? The result is: 1 won = 0.0054 yuan (CNY). The result of calculating how much won is one yuan is: 1 yuan (CNY) = 186.6556.
You can check the real-time exchange rate of won in the Korean foreign exchange market.
What do you mean by a low exchange rate?
"Low exchange rate" is a relative concept, which can't be explained literally. If we want to explain the meaning of "low exchange rate", we must have a reference. The exchange of Korean won for RMB is analyzed from the perspective of the need for RMB. Simply put, when a person exchanges Korean won for RMB, a low exchange rate of Korean won means less RMB. For example, when the RMB exchange rate is 170,1700,000 won needs to be converted into RMB 100, while when the RMB exchange rate is 190,1900,000 won needs to be converted into RMB 100.
The relationship between supply and demand is one of the reasons for exchange rate changes.
The exchange rate is always changing because the relationship between supply and demand of two currencies has changed. If the demand of one currency increases and the supply of another increases, the phenomenon of currency appreciation will naturally occur. For example, the exchange rate of Korean won against RMB ranges from 170 to 190, which means that the demand of Korean won for RMB is higher than that of RMB for Korean won, which is one of the reasons for the low exchange rate of Korean won.