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MYR to KRW - Exchange Rates

Malaysian Ringgit to South Korean Won exchange rates aren't all the same.

The total cost you are charged by your bank or foreign exchange provider consists of a margin from the interbank mid-rate plus fees. These margins and fees vary significantly for International Money Transfers and Travel Money/Card transactions as shown below.

 

1 MYR = 286.19 KRW

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MYR to KRW - Trading Range (90 Day)
1-DAY ▼ 0.6% (2d)14-DAY HIGH (3d)
MYR/KRW at 288.02 was trading 1.1% above the 90-day average 284.82 - range 280.05 to 292.04. There are no current rate alerts.
27-FEB 5PM-NY 10PM-LON | 28-Feb 9AM-SYD

Convert MYR to KRW More Charts


Quick Conversions from Malaysian Ringgit to South Korean Won

MYR

KRW

RM 1
286.19
RM 5
1,431
RM 10
2,862
RM 20
5,724
RM 50
14,310
RM 100
28,619
RM 250
71,548
RM 500
143,095
RM 1,000
286,190
RM 2,000
572,380
RM 5,000
1,430,950
RM 10,000
2,861,900
RM 50,000
14,309,500
RM 100,000
28,619,000
More amounts

MYR

KRW

RM 0.0035
1
RM 0.0175
5
RM 0.0349
10
RM 0.0699
20
RM 0.1747
50
RM 0.3494
100
RM 0.8735
250
RM 1.7470
500
RM 3.4940
1,000
RM 6.9880
2,000
RM 17.47
5,000
RM 34.94
10,000
RM 174.70
50,000
RM 349.40
100,000
More amounts

To calculate your own MYR/KRW amounts use our Convert MYR to KRW quick calculator.


Comparing Foreign Exchange Providers

The total cost you are charged by your foreign exchange provider consists of the margin from the mid-rate offered plus any fixed or percentage fees. These margins and fees vary significantly for International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions.

Country Guides (MYR & KRW)

MalaysiaMalaysia (MYR)South KoreaSouth Korea (KRW)

MYR and KRW in the Markets

When determining the best time to make a foreign exchange transaction, in this case the MYR vs KRW, you should pay attention to the recent market trends for both currencies.

Malaysian Ringgit (MYR)

Malaysia was added to a US watchlist of suspected currency manipulators in May. Though that means little right now in terms of economic implications, it added to negative sentiment, which then spurred a rise in USD/MYR to a 6-month high (MYR low) of RM4.2.

Among factors contributing to the ringgit’s weakness over the past year has been political uncertainty relating to Malaysia’s ruling Pakatan Harapan coalition, late-2018’s crash in oil prices, global trade tensions and higher US interest rates.

Read more in the article MYR Forecasts.

 

South Korean Won (KRW)

The South Korean won has been the worst-performing Asian currency in 2019.

In the first five months of the year, the won lost 6 percent of its value against the dollar on its way to a 2-year low of ₩1,190, and lost 4 percent against the euro, with weakness driven by falling exports and an alarming drop in South Korean inflation, both of which drove expectations for an interest rate cut by the Bank of Korea. In addition, the won is one of those currencies being used as a proxy for risk, particularly for risks relating to US-China trade.

The Bank of Korea has warned traders that it will intervene in markets to prop up the won should the rate of currency depreciation accelerate, though interventions will be “mild.”

In late May, Bank of America Merrill Lynch predicted a reversal in won weakness. It said that it was “just a matter of time” before investors again focused on South Korea’s strong fundamentals. The bank expects USD/KRW to fall 7 percent in the second half of the year to ₩1,110.


How to get Best MYR to KRW Exchange Rates

All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate).

The transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

What is a good MYR to KRW exchange rate?

This is a difficult question and the answer really depends on many factors. The best way to consider an exchange rate's relative value is to look at the rate's history.

The following table looks at the change in the MYR to KRW exchange rate to the present day for periods going back upto 10 years.

PeriodMYR/KRWDate
1 Day288.437824 Feb 2020
7 Day286.649818 Feb 2020
30 Day287.836726 Jan 2020
3 Month281.965527 Nov 2019
1 Year274.926425 Feb 2019
5 Year305.447226 Feb 2015
10 Year341.587227 Feb 2010

When is the best time to exchange MYR to KRW?

Getting a good market rate is all about timing to help with this you can use BER Smart Alerts to make the most of currency movements.

Rather than requiring you to set a target rate, our rate alerts work differently. We check for daily high/lows and changes (up/down) over a range of periods up to 90 days rather than requiring you to set target rates.

Setup BER.me FX Alerts

We help you Save Money on Exchange Rates.

 

View all MYR Exchange Rates