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MYR to KRW - Exchange Rate Overview

Malaysian Ringgit to South Korean Won exchange rates can vary significantly for International Money Transfers and Travel Money/Card transactions as shown below.

 
 

RM1,000 MYR
=
₩284,404 KRW

*Converted at interbank exchange rate, scroll down to compare foreign transfer and spend/travel exchange rates.


 

Latest interbank exchange rate:

1 MYR = 284.40 KRW

Sell MYR / Buy KRW 

 
MYR to KRW 90-day trend
14-DAY-HI 1-DAY0.9%
MYR/KRW at 284.35 was trading 0.4% above AVG:283.18 with LO:278.19 and HI:288.76 (90 days). There are no current rate alerts.

Malaysian Ringgit to South Korean Won - Quick Conversions

MYR KRW
RM 1 284.40
RM 5 1,422
RM 10 2,844
RM 20 5,688
RM 50 14,220
RM 100 28,440
RM 250 71,100
RM 500 142,200
RM 1,000 284,400
RM 2,000 568,800
RM 5,000 1,422,000
RM 10,000 2,844,000
RM 50,000 14,220,000
RM 100,000 28,440,000
More amounts
MYR KRW
RM 0.0035 ₩ 1
RM 0.0176 ₩ 5
RM 0.0352 ₩ 10
RM 0.0703 ₩ 20
RM 0.1758 ₩ 50
RM 0.3516 ₩ 100
RM 0.8790 ₩ 250
RM 1.7580 ₩ 500
RM 3.5160 ₩ 1,000
RM 7.0320 ₩ 2,000
RM 17.58 ₩ 5,000
RM 35.16 ₩ 10,000
RM 175.80 ₩ 50,000
RM 351.60 ₩ 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.

The Exchange rate you are offered can also vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for MYR/KRW International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
 

The below comparison table displays the margins and possible savings when you order travel money online with a currency specialist rather than in-person from banks and currency kiosks.

 
 

South Korean Won (KRW) Country Guides

South KoreaSouth Korea (KRW)

Malaysian Ringgit and South Korean Won Forecasts

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 over periods upto 10 years.

PeriodDateRate
1 Week19 May 2020281.7735
30 Days26 Apr 2020282.2571
90 Days26 Feb 2020287.0393
1 Year27 May 2019282.6394
5 Years28 May 2015303.6467
10 Years29 May 2010374.1339
MYR/KRW 10 year historic rates
 

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.

Foreign Transfers Travel Money

View all MYR Exchange Rates