FX
CNY/KRW
The Korean won price of one Chinese yuan. With China as Korea's largest trading partner, the two currencies often move together, making this a read on China-linked trade conditions and Asian FX pressure.
Latest
201.8 KRW
+1.26 KRW
At a glance
CNY/KRW: latest value and prior change
As of 2026-09-16, CNY/KRW is 201.8 KRW. It is 1.26 KRW higher than 200.5 KRW on 2026-09-15.
Within the default comparison window of 1,000 observations from 2022-08-19 to 2026-09-16, the latest value is at the tie-adjusted 78th percentile. Available history covers 2016-01-04 to 2026-09-16 with 2,636 observations.
- Observed on
- Default comparison window
- 2022-08-19–2026-09-16
- Observations · observed cadence
- 1,000 · 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
2016-01-04–2026-09-16
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.
Recent observations and calculated changes
The ten latest chart observations. Change subtracts the previous observation; intervals vary with holidays, release schedules and missing data. A difference in rates or ratios is not an investment return.
| Observed | Value | Previous date | Difference (current − previous) |
|---|---|---|---|
| 2026-09-16 | 201.8 KRW | 2026-09-15 | 1.26 KRW |
| 2026-09-15 | 200.5 KRW | 2026-09-14 | -0.05 KRW |
| 2026-09-14 | 200.6 KRW | 2026-09-11 | 1.17 KRW |
| 2026-09-11 | 199.4 KRW | 2026-09-10 | -0.23 KRW |
| 2026-09-10 | 199.7 KRW | 2026-09-09 | -0.07 KRW |
| 2026-09-09 | 199.7 KRW | 2026-09-08 | -0.88 KRW |
| 2026-09-08 | 200.6 KRW | 2026-09-07 | -1.30 KRW |
| 2026-09-07 | 201.9 KRW | 2026-09-04 | -0.32 KRW |
| 2026-09-04 | 202.2 KRW | 2026-09-03 | -1.57 KRW |
| 2026-09-03 | 203.8 KRW | 2026-09-02 | -0.29 KRW |
Source: Bank of Korea ECOS
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.