Convert 550 South Korean Won (KRW) to Chinese Yuan (CNY)
Exchange rates used for currency conversion updated on November 24th 2024 ( 11/24/2024 )
Below you will find the latest exchange rates for exchanging South Korean Won (KRW) to Chinese Yuan (CNY) , a table containing most common conversions and a chart with the pair's evolution.
The South Korean Won (KRW) to Chinese Yuan (CNY) rates are updated every minute using our advanced technology for live forex currency conversion. Check back in a few days for things to buy with this amount and information about where exactly you can exchange currencies online and offline.
The currency exchange rate, calculated between South Korean Won and Chinese Yuan on 11/24/2024 is 1 KRW = 0.0052 CNY - AVERAGE intraday quotes were used for this currency conversion.
The Republic of South Korea has as its official currency the South Korean won. Each won can be subdivided into 100 jeon. There are no jeon in current circulation, in this day it is strictly used as an accounting measurement.
The Central Bank of Korea issues the KRW in banknote denominations of 1000, 5000, 10,000, and 50,000 won and mints coins in denominations of and 10, 50, 100, and 500 won. In accounting a won is symbolized using the "₩ " sign.
About Chinese Yuan (CNY)
CNY represents the Peoples Republic of China (PRC), Chinese peoples currency known as the renminbi and denominated in yuan. It is controlled by the Monetary Policy Authority within the PRC and has until recently not been allowed to be circulated outside of mainland China. Recent developments and gradual changed in PRC policies toward more open markets and less central planning are slowly distributing the yuan for use worldwide. This is a clear plan setting the stage for the PRC target of the CNY overtaking all currencies worldwide in the future.
