KRW South Korean wonper 100 KRW, in yuan
RMB central parity0.49955Banks convert at their own spot buying rate, usually a little below the central parity.
- As announced
- CNY 1 = 200.18 South Korean won
Settlement exchange rate: South Korean won (KRW)
RMB central parity, and what you receive at your own bank rate
Example: Currency: KRW, Foreign currency amount: 10000, At central parity: CNY 49.96 (at the 2026-10-09 central parity rate).
Central parity, South Korean won: 0.49955 per 100 South Korean won
The RMB central parity is the reference rate published by the People’s Bank of China. Banks pay their own spot buying rate, usually a little lower: enter your bank rate once and the site estimates it each day from the gap.
Result
This calculator needs JavaScript to run. The formula and the worked example below work without it.
This site shows only the RMB central parity published by the People’s Bank of China and does not republish bank rates. Banks pay yuan at their own spot buying rate, usually a little below the central parity: enter your bank rate once, and it is estimated from the gap each day after.
Conversion
- KRW 10,000 at the central parity 0.49955
- CNY 49.96
Your bank usually pays a little less. Enter your bank rate and it is used here.
Verified2026-10-09Source: central parity published by CFETS under PBOC authorisation, announcement of 2026-10-09Data sources
This site is not an official channel. It is for reference only; the official publication prevails.This site entered this edition of the central parity rates on 2026-10-10 17:48 (Beijing time).
- At the central parityforeign amount × central parityKRW 10,000 × 0.49955 ÷ 100 = CNY 49.96
Formula
Gap = your bank rate ÷ that day’s central parity − 1stored to 6 decimals, shown as a percentage to 2
Today’s estimated bank rate = today’s central parity × (1 + gap)rounded to 4 decimals and marked “Estimate”; once that day’s bank rate is entered, it is no longer estimated
RMB you receive = amount × bank rate2 decimal places; for a currency quoted per 100 units (JPY and others), the rate is divided by 100 first
Difference from central parity = amount × (central parity − bank rate)the amounts at the central parity and at the bank rate are each rounded to 2 decimal places, then subtracted
Not covered
- This site shows only the RMB central parity published by the People’s Bank of China and does not republish bank rates. Banks pay their own spot buying rate, usually a little below central parity: enter your bank rate once and it is estimated each day from the gap.
- An estimate is not your bank’s quote: a bank can change its gap to central parity at any time, and when you actually convert, the rate your bank gives you then is what counts.
- One currency is converted at a time. Bank fees are not included; for a year’s conversion cost, use the FX conversion cost calculator.
Worked example
Enter your bank rate once; the next day it is estimated from the gap (example data):
| USD 10,000.00 | Rate | Yuan |
|---|---|---|
| Day one: central parity | 6.7500 | CNY 67,500.00 |
| Your bank rate, entered | 6.7350 | CNY 67,350.00 |
| Gap | −0.22% | CNY 150.00 less |
| Day two: central parity | 6.7571 | CNY 67,571.00 |
| Day two: your bank rate, estimated | 6.7421 | CNY 67,421.00 |
The gap is worked to six decimal places (−0.2222%) and shown as −0.22%; a rate pasted per 100 units is converted to per 1.
FAQ
What does Settlement exchange rate: South Korean won (KRW) give for an example?
Example: Currency: KRW, Foreign currency amount: 10000, At central parity: CNY 49.96 (at the 2026-10-09 central parity rate).
Why not show the bank’s rates directly?
This site shows only the RMB central parity published by the People’s Bank of China and does not republish bank rates. You enter your bank rate once; the site remembers its gap to central parity and estimates it each day from that gap.
How accurate is the estimate?
Bank rates move with central parity each day and the gap is usually fairly stable, but a bank can change it at any time. When you actually convert, the rate your bank gives you then is what counts; enter that day’s rate and it is no longer estimated.
Where is the bank rate I enter kept?
Only on this device: it is not in the address and is never uploaded. Tap “Clear” to delete it.
Why are the yen, won, ruble and forint shown per 100?
1 unit of these currencies is worth less than CNY 0.1, so showing them per 1 would need many decimals. Per 100, 4 decimals stay precise. Other currencies are shown per 1, with the unit always written next to the figure.
Why do some currencies say “CNY 1 = …”?
The People’s Bank of China announces these currencies as “CNY 1 buys so many units”. The site converts them to yuan per unit so they multiply directly, and also lists the announced form so you can check it.
Why is RMB written as CNY here, not with a symbol?
The Japanese yen uses the same symbol as the yuan. On the exchange rate pages, RMB is always written as CNY so the two can’t be confused.
Related tools
Results are for reference only. The figures confirmed by the tax authorities, banks and carriers prevail.Disclaimer