FX
CNY/KRW
Korean won per Chinese yuan, tracking FX conditions with Korea's largest trading partner.
At a glance
CNY/KRW: latest value and prior change
As of 2026-07-31, CNY/KRW is 213.6 KRW. It is 0.85 KRW lower than 214.4 KRW on 2026-07-30.
Across 979 available observations from 2022-08-03 to 2026-07-31, the latest value is at the tie-adjusted 90th percentile.
- Observed on
- Default comparison window
- 2022-08-03–2026-07-31
- Observations · observed cadence
- 979 · Daily
- Data source
- Bank of Korea ECOS
A high or low percentile does not by itself make the indicator positive, negative, or a buy or sell signal.
Time-series chart
CNY/KRW
2022-08-03–2026-07-31
Long-history series are stored as real provider observations. Index, FX, VIX, and ratio charts use historical backfill where providers expose it; Korean investor flow and margin-credit feeds expand as stable historical endpoints become available.
Interpretation guide
CNY/KRW: the won against its largest trading partner's currency
CNY/KRW is the amount of Korean won needed to buy one Chinese yuan. China is Korea's largest trading partner, and global markets often trade the two currencies as one bloc — so this cross reveals the subtle strength gap between them and shows whether China-driven risk is transmitting through the FX channel.
What moves the rate
CNY/KRW combines USD/CNY and USD/KRW. Because the People's Bank of China manages the yuan through its daily fixing, large moves in the cross usually come from the won side — except in phases where yuan depreciation is being tolerated, when the yuan leg takes over.
- The PBOC's USD/CNY fixing direction is the baseline for the yuan leg.
- A stable CNY/KRW during a USD/KRW spike means the yuan depreciated alongside the won.
- In yuan-depreciation phases the won tends to sell off with it as a proxy currency.
What it means for Korea
For exporters to China, CNY/KRW anchors price competitiveness and translated earnings. Yuan weakness simultaneously means weaker Chinese purchasing power and more aggressive Chinese price competition — a double squeeze on sectors like chemicals and steel that compete head-on.
- A falling CNY/KRW (weak yuan) signals both softer Chinese demand and sharper price competition.
- Korean China-consumption names — cosmetics, duty-free, travel — track yuan purchasing power directly.
- Combine with TapeFlow's Korea exports YoY and the Shanghai Composite for the full China-pressure picture.
Uses and misreads
The cross looks quiet because its range is narrow, but a persistent one-way drift means a structural strength gap is opening between the two currencies. Watch trend turns, not absolute levels.
- A gradual CNY/KRW trend turn can be an early signal of a yuan policy shift.
- After Chinese stimulus announcements, check whether yuan strength and risk appetite recover together.
- If CNY/KRW rises during a won selloff, the won is weak even by Asian-currency standards.