South Korean Won

South Korean Won

The won (; Korean: 원, Korean pronunciation: [wʌn]; symbol: ₩; code: KRW) or the Korean Republic Won is the currency of South Korea. A single won is divided into 100 jeon, the monetary subunit. The jeon is no longer used for everyday transactions, and appears only in foreign exchange rates. The won is issued by the Bank of Korea, based in the capital city of Seoul.

Chinese Yuan Renminbi

Chinese Yuan Renminbi

The renminbi (Ab.: RMB; simplified Chinese: 人民币; traditional Chinese: 人民幣; pinyin: rénmínbì; literally: "people's currency"; sign: 元; code: CNY) is the official currency of the People's Republic of China. The yuan (Chinese: 元; pinyin: yuán) is the basic unit of the renminbi, but is also used to refer to the Chinese currency generally, especially in international contexts where "Chinese yuan" is widely used to refer to the renminbi. The distinction between the terms renminbi and yuan is similar to that between sterling and pound, which respectively refer to the British currency and its primary unit. One yuan is subdivided into 10 jiao (Chinese: 角; pinyin: jiǎo), and a jiao in turn is subdivided into 10 fen (Chinese: 分; pinyin: fēn). The renminbi is issued by the People's Bank of China, the monetary authority of China.Until 2005, the value of the renminbi was pegged to the US dollar. As China pursued its transition from central planning to a market economy, and increased its participation in foreign trade, the renminbi was devalued to increase the competitiveness of Chinese industry. It has previously been claimed that the renminbi's official exchange rate was undervalued by as much as 37.5% against its purchasing power parity. More recently, however, appreciation actions by the Chinese government, as well as quantitative easing measures taken by the American Federal Reserve and other major central banks, have caused the renminbi to be within as little as 8% of its equilibrium value by the second half of 2012. Since 2006, the renminbi exchange rate has been allowed to float in a narrow margin around a fixed base rate determined with reference to a basket of world currencies. The Chinese government has announced that it will gradually increase the flexibility of the exchange rate. As a result of the rapid internationalization of the renminbi, it became the world's 8th most traded currency in 2013, and 5th by 2015.On 1 October 2016, the RMB became the first emerging market currency to be included in the IMF's special drawing rights basket, the basket of currencies used by the IMF (reserve currency).

162 South Korean Won to Chinese Yuan Renminbi exchange rates chart

162 KRW to CNY exchange rates graph
162 KRW to CNY exchange rate – This is known more formally as the ‘interbank’ rate. It is the rate banks or large financial institutions charge each other when trading significant amounts of foreign currency. In the business, this is sometimes referred to as a ‘spot rate’. It is not the tourist rate and you cannot buy currency at this rate, as you are buying relatively small amounts of foreign currency. In everyday life it is the same as the difference between wholesale and retail prices. The rates shown in financial newspapers and in broadcast media are usually the interbank rates.

162 KRW to CNY exchange rates FAQs

What is 162 KRW to CNY?

The meaning of 162 KRW to CNY is to exchange 162 South Korean Won to Chinese Yuan Renminbi by applying the latest currency rate on the market. The actual exchange rates you can get vary between different bureau de changes. Forex.gg is offering inter-market exchange rates to convert 162 KRW to CNY on the chart below.

Who can exchange 162 KRW to CNY?

Anyone with 162 South Korean Won can find a local bank or a bureau de change to convert into South Korean Won. However, if neither KRW nor CNY is the local currency. It might be quite difficult to find a local broker to faciliate the exchange. That's why Forex.gg is offering details about local forex brokers to save the time of searching around for the right broker.

When to exchange 162 KRW to CNY?

Due to the nature of the forex market, the exchange rates for 162 KRW to CNY is changing all the time in New York between 01:00 pm – 10:00 pm GMT; at 10:00 pm GMT Sydney comes online; Tokyo opens at 00:00 am and closes at 9:00 am GMT; and to complete the loop, London opens at 8:00 am and closes at 05:00 pm GMT. So the currency rate you see in this page may change any minute. It's better to lock in the exchange rates with your local broker so that you won't be affected for any future rate changes.

Why do I want to convert 162 KRW to CNY?

Most likely you are traveling and want to get some Chinese Yuan Renminbi cash. Or you've just came back from a recent trip or received cash transfer from overseas. There are many reasons to convert 162 South Korean Won to Chinese Yuan Renminbi. And we believe you should be getting the best exchange rate available on the market to exchange the currency.

Where to convert 162 KRW to CNY?

Usually you can find a local bank, post office or bureau de change to exchange 162 KRW to CNY. But you will soon find out that the exchange rates you can find at all thoses places vary by a lot. It's better to be prepared before hand and do your research about the local forex brokers. That's the exact reason why Forex.gg is doing the homework for you to find the best local bureau de change to avoid being ripped off. All you need to do is input the amount of Chinese Yuan Renminbi you wnat to buy or sell and we will show you where to find the best rate. No forex exchange commissions or fees required!

How to exchange 162 KRW to CNY?

Use the tool we provided here to find the best exchange rates for 162 South Korean Won to Chinese Yuan Renminbi. Lock in the rate by contacting the broker directly by phone or message. And go to the branch with 162 KRW in hand and exchange the cash you want in store or online. It's just that simple with no fees or commissions from Forex.gg!

162 KRW to CNY exchange rates table

Exchange KRW to CNY
162 South Korean Won = 0.974 Chinese Yuan Renminbi
324 South Korean Won = 1.948 Chinese Yuan Renminbi
810 South Korean Won = 4.870 Chinese Yuan Renminbi
1620 South Korean Won = 9.740 Chinese Yuan Renminbi
Exchange South Korean Won to Chinese Yuan Renminbi
162 South Korean Won to Chinese Yuan Renminbi Cross rate – This is the rate we give to customers who want to exchange currencies that do not involve the local currency. For example, if you want to exchange Australian dollars into US dollars.

Best KRW/CNY exchange rate at Bank of China in Shanghai

162 KRW to CNY exchange rates at Bank of China in Shanghai
162 South Korean Won = 0.936 Chinese Yuan Renminbi
Bank of China
Bank of China

Bank of China was formally established in February 1912 following the approval of Dr. Sun Yat-sen. From 1912 to 1949, the Bank served consecutively as the country’s central bank, international exchange bank and specialised international trade bank. Fulfilling its commitment to serving the public and developing China’s financial services sector, the Bank rose to a leading position in the Chinese financial industry and developed a good standing in the international financial community, despite...

Best KRW/CNY exchange rate at Woori Bank in Seoul

162 KRW to CNY exchange rates at Woori Bank in Seoul
162 South Korean Won = 0.928 Chinese Yuan Renminbi
Woori Bank
Woori Bank

Woori Bank (Hangul: 우리은행 Uri Eunhaeng) is a bank headquartered in Seoul, South Korea and Woori Bank is a subsidiary of the parent company Woori Financial Group. The bank was founded back in 1899, originally called Daehan Cheon-il Bank, renamed Joseon Sangup Bank in 1911, then Commercial Bank of Korea in 1950s. Following the 1997 Asian financial crisis, it merged with the former Hanil Bank and Peace Bank to become Hanvit Bank. Woori Bank adopted its current name in 2002. Its Jongno branch is...

162 KRW to CNY exchange rates tweets

162 KRW to CNY added 1 tweet
2019-02-14 02:03:19 UTC
Asian nations should sue Japan for WWII war crimes, demanding huge damages. "South Korea's National Assembly speake… https://t.co/Pe9ftfzpgn
162 KRW to CNY added 1 tweet
2019-02-15 22:52:09 UTC
stan bts, also known as the Bangtan Boys, is a seven-member South Korean boy band formed by Big Hit Entertainment i… https://t.co/TFMcvV7NLy
162 KRW to CNY added 1 tweet
2019-02-17 02:03:30 UTC
@StevenBeschloss It won't end until we march on Washington and stay until Trump is removed. South Korea did it and… https://t.co/FPEzFSLT3v
162 KRW to CNY added 1 tweet
2019-02-17 04:42:50 UTC
The South Korean Won has an FX rate of 1122.49 but a PPP value of 1110.42 against the USD. #WPI https://t.co/peQkyBrBkB
162 KRW to CNY added 1 tweet
2019-02-17 05:56:58 UTC
RT @annafifield: The wife of Kim Dae-jung, the South Korean president who won the Nobel prize for the first inter-Korean summit, sug… https://t.co/OZ6NjNkpVG
162 KRW to CNY added 1 tweet
2019-02-17 10:45:46 UTC
Won't matter if by some slim freak of probability it turns out better than Die Hard. The South Korean original 'Old… https://t.co/0oRLPpqTBH
162 KRW to CNY added 1 tweet
2019-02-17 12:20:44 UTC
Aberdeen, Maryland is a South Korean Greco-Roman wrestler who won the gold medal in the 66 kg weight division at th… https://t.co/aWN3gvLGX2
162 KRW to CNY added 1 tweet
2019-02-17 13:48:17 UTC
Apparently the South Korean currency between 1953 and 1962 was called the Hwan. The Won from 1962 onwards does not… https://t.co/E7W67U16H7
162 KRW to CNY added 1 tweet
2019-02-17 19:50:14 UTC
@Frances_Coppola If South Korean's ABD Japaneese won't buy, it's not... @Coinhills #MostTradedNationalCurrenciesWithBTC
162 KRW to CNY added 1 tweet
2019-02-17 16:02:25 UTC
@realDonaldTrump Dear President Trump, the world is changing rapidly. Among them, Korea stands at a crossroads. Man… https://t.co/o3cYf1enuY
162 KRW to CNY added 1 tweet
2019-02-13 15:38:18 UTC
RT @STForeignDesk: #SouthKorean lawmaker won't apologise for Japan #EmperorAkihito remarks https://t.co/7VQJdHZQow https://t.co/YKmATSrC9H
162 KRW to CNY added 1 tweet
2019-02-13 18:04:03 UTC
RT @DavidofJESUS: https://t.co/eQ1NUfktYE cause of the disaster, because crime of murderer (South korean and American) Feb 7 to Feb 1… https://t.co/zFHMVKsCIU
162 KRW to CNY added 1 tweet
2019-02-13 18:09:03 UTC
RT @DavidofJESUS: https://t.co/KjnTicNBXU Killer of South korea announcer and anchor in Criminals station, ‘Son Seok-hee‘ <Former mbc… https://t.co/4RA2eDX1v2
162 KRW to CNY added 1 tweet
2019-02-13 18:09:35 UTC
RT @DavidofJESUS: https://t.co/ZAbPskuaRL cause of the disaster, because crime of murderer (South korean and American) Feb 7 to Feb 1… https://t.co/vLHTzOk7L7
162 KRW to CNY added 1 tweet
2019-02-13 19:49:36 UTC
All the Japanese are furious. :((( -----South Korean Lawmaker Won't Apologize for Japan Emperor Remarks.… https://t.co/F21pqMFzZW
162 KRW to CNY added 1 tweet
2019-02-13 20:05:07 UTC
https://t.co/Z0AFdgcjA6 Killer of South korea entertainer 'Yoo Jae Suk' and 'Kim Yong-man' and another, A criminal… https://t.co/d0nReJJmuq
162 KRW to CNY added 1 tweet
2019-02-13 20:18:15 UTC
https://t.co/wgIOxC0OFs Killer of South korea announcer and anchor in Criminals station, ‘Son Seok-hee‘ <Former mbc… https://t.co/Vz0nC7uB5U
162 KRW to CNY added 1 tweet
2019-02-13 20:45:25 UTC
https://t.co/UaGhcONAyt cause of the disaster, because crime of murderer (South korean and American) Nov 4 to Nov 1… https://t.co/C96yIFvjcL
162 KRW to CNY added 1 tweet
2019-02-13 23:24:14 UTC
South Korean Lawmaker Won't Apologize for Japan Emperor Remarks https://t.co/yW1Z8QYiXm
162 KRW to CNY added 1 tweet
2019-02-14 00:52:55 UTC
Mauricio Pochettino paid tribute to his lucky charm Heung-min Son, with Tottenham having won all 13 games in which… https://t.co/lDDF7Muf5W
162 KRW to CNY added 1 tweet
2019-02-07 06:31:04 UTC
Does anybody know if sectary of state John Kerry was considering stoping the US Dollar to be used in international… https://t.co/6JntqoLZq7
162 KRW to CNY added 1 tweet
2019-02-07 18:04:19 UTC
RT @SaveAslave: Does anybody know if sectary of state John Kerry was considering stoping the US Dollar to be used in international… https://t.co/6JntqoLZq7
162 KRW to CNY added 1 tweet
2019-02-08 01:31:21 UTC
RT @rotkehlchenio: Ever wondered why the Chinese currency has two different symbols? The RMB and the CNY? The first stands for Renminb… https://t.co/daWNHNQ8F9
162 KRW to CNY added 1 tweet
2019-02-08 01:42:04 UTC
RT @rotkehlchenio: Ever wondered why the Chinese currency has two different symbols? The RMB and the CNY? The first stands for Renminb… https://t.co/daWNHNQ8F9
162 KRW to CNY added 1 tweet
2019-02-08 18:48:28 UTC
Wordt Chinese yuan de nieuwe wereldmunt? De dollar verliest zijn vanzelfsprekendheid en de Chinese renminbi is nad… https://t.co/87lyC9WqHO
162 KRW to CNY added 1 tweet
2019-02-11 02:57:20 UTC
The central parity rate of the Chinese currency renminbi, or the yuan, weakened 414 basis points to 67495 against t… https://t.co/fleVth5nCw
162 KRW to CNY added 1 tweet
2019-02-11 08:45:06 UTC
#ForexNews $CNYUSD "The central parity rate of the Chinese currency renminbi, or the yuan, weakened 414 basis poin… https://t.co/lEgGrgZZcI
162 KRW to CNY added 1 tweet
2019-02-12 03:53:51 UTC
The central parity rate of the Chinese currency renminbi, or the yuan, weakened 270 basis points to 6.7765 against… https://t.co/9EeAZeDQKl
162 KRW to CNY added 1 tweet
2019-02-12 09:15:01 UTC
#ForexNews $CNYUSD "The central parity rate of the Chinese currency renminbi, or the yuan, weakened 270 basis poin… https://t.co/yv9TPZqobf
162 KRW to CNY added 1 tweet
2019-02-12 04:52:39 UTC
The central parity rate of the #Chinese currency #renminbi, or the #yuan, weakened 270 basis points to 6.7765 again… https://t.co/8I5CQBNCic
162 KRW to CNY added 1 tweet
2019-02-11 03:53:44 UTC
The #central parity rate of the Chinese currency #renminbi, or the #yuan, weakened 414 basis points to 6.7495 again… https://t.co/etMZqssEi0

162 KRW to CNY exchange rates news

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Fortune 500 Daily & Breaking Business News

3 days conditional positive
TV drama stirs debate over South Korea’s education culture

SEOUL (Reuters) — It was created as a biting satire of South Korea’s notoriously competitive education system, but the country’s most popular cable TV drama has inspired some fans to ignore its warnings and instead double down on their pursuit of success.

9 days conditional positive
South Korea-US military cost-sharing deadlock drags out as US demands $1 billion

South Korea’s struggle to reach an agreement with the US for the cost of maintaining US troops here intensified when the gap between the total amount of Seoul’s contributions demanded by the US and that which Seoul was able to accept, as well as differences over the contract period, widened in December as a result of instructions from the very top in Washington, sources said Wednesday. Through a diplomatic channel,...

22 days indicative neutral

162 KRW to CNY currency converter

162 KRW to CNY exchange rates

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