1 RMB = 165.975 1 won

There are many factors that affect the exchange rate of RMB and Korean won, one of which is the change of international balance of payments, which has a great influence on the exchange rate. The change of international balance of payments reflects the influence of supply changes in the foreign exchange market on the exchange rate of RMB and Korean won. If the balance of payments changes in surplus, foreign exchange will increase, leading to the depreciation of Korean won and the appreciation of RMB. If the balance of payments changes badly, the foreign exchange will decrease, which will lead to the appreciation of the won and the depreciation of the RMB.

1. What is the maximum face value of won?

The maximum face value of won is 50 thousand won. At present, the largest denomination banknote in circulation in South Korea is the 50,000 won banknote issued by the Central Bank of Korea in 2009. It is reported that the Bank of Korea originally planned to issue100,000 won banknotes at the same time, but this plan was forced to be shelved due to serious differences between South Korea and Japan over whether the pattern on the back of100,000 won banknotes-whether Dokdo (called "Bamboo Island" in Japan) was marked in Jin Zhenghao's Dadongyu Map. At present, the portrait printed on the 50,000 won banknote is the famous female artist Shen Shiren Hall in Korean history.

2. Which bank in China can change Korean won into RMB?

(1) Any regular bank with currency exchange business in China can change Korean won into RMB, such as Bank of China, China Construction Bank, Agricultural Bank and so on. Convertible foreign currencies in China mainly include: British pound, Hong Kong dollar, US dollar, Swiss franc, Singapore dollar, Swedish krona, Danish krona, Norwegian krona, Japanese yen, Canadian dollar, Australian dollar, euro, Macao dollar, Philippine peso, Thai baht, New Zealand dollar and Korean dollar. Other foreign currencies are not convertible in our country. According to Article 32 of the Detailed Rules for the Implementation of the Measures for the Administration of Personal Foreign Exchange, banks that are qualified for the business of foreign exchange settlement and sale and have access to and use the personal foreign exchange settlement and sale system directly handle personal foreign exchange settlement and sale business through the personal foreign exchange settlement and sale system.

(2) It is understood that if foreigners purchase foreign exchange, there is no limit, but if they need to provide information on the legal RMB income of current account obtained in China with the equivalent value of 50,000 US dollars, they should do so with their valid identity documents and relevant proof materials (including tax vouchers) of the transaction amount; If foreigners purchase foreign exchange in RMB and redeem the unused RMB, they must present their valid identity documents and the original exchange memo; In the case of settlement of foreign exchange, each person is equivalent to 50,000 US dollars per year, and it shall be handled with his/her valid identity document. More than the annual total need to provide relevant information for processing.