Convert Chinese Yuan to South Korean Won
Please provide values below to convert Chinese Yuan [CNY] to South Korean Won [KRW], or Convert South Korean Won to Chinese Yuan.
How to Convert Chinese Yuan to South Korean Won
1 CNY = 0.00518881052925159 KRW
Example: convert 15 CNY to KRW:
15 CNY = 15 × 0.00518881052925159 KRW = 0.0778321579387738 KRW
Chinese Yuan to South Korean Won Conversion Table
| Chinese Yuan | South Korean Won |
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Chinese Yuan
The Chinese Yuan (CNY) is the official currency of China, also known as Renminbi (RMB), and is used for all monetary transactions within the country.
History/Origin
The Chinese Yuan was introduced in 1949 following the establishment of the People's Republic of China. It has undergone various reforms and reforms, including decimalization in the 1950s and modernization efforts in recent decades to stabilize and internationalize the currency.
Current Use
Today, the CNY is widely used domestically across China and is increasingly recognized internationally, with the Chinese government promoting its use in global trade and finance. It is also a component of the International Monetary Fund's Special Drawing Rights (SDR).
South Korean Won
The South Korean Won (KRW) is the official currency of South Korea, used for all monetary transactions within the country.
History/Origin
The Won was first introduced in 1945, replacing the Korean yen. It has undergone several redenominations and reforms, with the current form established in 1962 to stabilize the economy after periods of inflation.
Current Use
Today, the South Korean Won is widely used in South Korea for everyday transactions, banking, and international trade, and is managed by the Bank of Korea.