The comparison table above helps you see the total cost of your currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
Compare Exchange Rates & Fees - Save Time & Money
Sending money to South Korea can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.
Using your Bank to make international wire transfers to India can be especially expensive – often 5% to 10% worse than using a foreign exchange specialist to send to South Korea bank accounts or pay a South Korean won invoice.
MYR to KRW Market Data
Malaysian ringgit (MYR) to South Korean won (KRW) market data - latest interbank exchange rate, trend, chart & historic rates.
Sell MYR →
Buy KRW
1 MYR = 322.80 KRW
▲+0.6% since yesterday
MYR to KRW at 322.7 is just 0.5% below its 3-month average of 324.4, having traded in a quite stable 4.2% range from 319.3 to 332.8
Is the MYR to KRW Exchange Rate Likely to Improve?
Predicting exchange rate movements is always challenging, as they’re influenced by a wide range of economic and geopolitical factors. One useful way to assess the current value of the Malaysian ringgit against the South Korean won is to review how the MYR/KRW rate has changed over time.
The table below shows the percentage change in the MYR to KRW exchange rate across various timeframes—from the past 2 weeks to the last 20 years:
Date
MYR/KRW
Change
Period
20 Jun 2025
322.91
0% ▼
2 Week
05 Apr 2025
328.94
1.8% ▼
3 Month
04 Jul 2024
293.28
10.1% ▲
1 Year
05 Jul 2020
279.77
15.4% ▲
5 Year
07 Jul 2015
296.24
9% ▲
10 Year
09 Jul 2005
277.60
16.3% ▲
20 Year
MYR/KRW historic rates & change to 04-Jul-2025
MYR to KRW Conversion: What Is Your Money Worth?
To help you understand the real-world value of the current exchange rate, the table below shows how much Malaysian ringgit are worth in South Korean won across a range of amounts.
This gives a quick view of what you’d get when converting different MYR amounts at today’s rate * :
What is the
best Send Money conversion rate for MYR to KRW?
The best MYR to KRW exchange rate is 320.54 from Wise. This is -0.7% compared to the mid-market rate 322.80.
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
Malaysian ringgit (MYR) to South Korean won (KRW) rates from different sources before making a conversion.
The above
Ringgit to South Korean won comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
banks and other foreign exchange providers against the latest MYR-KRW mid-rate and the possible savings of using various providers.
How do MYR-KRW rates compare between providers?
Looking at the full
MYR to KRW - Send Money comparison table the provider with the best MYR to KRW exchange rate is Wise at 320.54, -0.7% from the latest mid-market rate 322.80.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate.
For more competitive rates, you might consider using a specialized currency exchange service
or platforms that offer rates closer to the mid-market rate.