100000000 won = 5855490.0438+096 RMB. As the foreign exchange rate changes in real time, this data is for reference only. The specific exchange rate is subject to the actual transaction price at the time of your transaction, and the above currency conversion is subject to August 2020.
The official currency of South Korea, the won, is divided into banknotes and coins.
There are four kinds of paper money: 1000 won, 5,000 won, 10000 won, 50,000 won. There are six kinds of coins: 1, 5,10,50,100,500 won.
Commonly used and most commonly used are10,50,100,500 won.
The RMB exchange rate generally refers to the quotation of foreign currency against RMB, that is, how much RMB is converted from 1 foreign currency or 100 foreign currency. [6] RMB appreciation corresponds to RMB exchange rate decline.
Extended data:
Disadvantages of RMB appreciation
1 will lead to an increase in unemployment. In China, exports account for about 30% of GDP. If the local currency appreciates, export enterprises will inevitably lose money or even close down, leading to unemployment and further increasing the hidden danger of social instability.
This will lead to the further expansion of foreign debt. The appreciation of RMB exchange rate will attract a large amount of capital to flow into China's capital market and correspondingly expand China's foreign debt.
3. Affect the stability of the financial market. Most of the capital markets are active in international hot money, which is a potential factor of financial market turmoil because of its large scale, fast flow and strong profitability. In the case that China's financial supervision system needs to be further improved and the development of financial market is relatively lagging behind, the profit-seeking behavior of a large number of short-term capital flowing into the capital market through various channels will easily lead to a monetary and financial crisis and adversely affect the sustained and healthy development of China's economy.