Best companies for MYR/KRW transfers
2 of 2 providers Last updated on 28 October 2026
Based on 8,200 MYR transfer Best companies for MYR/KRW transfers Sort Cheapest
Promoted Wise Pay via Bank transfer	Fee RM 80.99 1 MYR = 327.8660 KRW	Recipient gets ₩2,661,947.00 Within minutes
25 reviews Multi-currency cardReceive to bank accountDedicated support for large transfers
Ways to receive money in South Korea with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer RM 80.991 MYR = 327.8660 KRW ₩2,661,947.00You payRM 8,200.00
Run a live search Showing top Malaysia to South Korea deals for 8,200 MYR. Do a live search with your exact amount for today's best rates.
Run a live search Showing companies that send from a business account. Run a business search to get live MYR to KRW rates.
Run a live search These companies offer multi-currency accounts for spending KRW. We suggest doing a live search based on how much MYR you're planning to spend in South Korea.
Run a live search These are managed services with real human support for large MYR transfers. Click the link and update the transfer amount to get the best deal.
Wise Pay via Bank transfer	Fee RM 80.99 1 MYR = 327.8660 KRW	Recipient gets ₩2,661,947.00 Within minutes
25 reviews CheapestFastestRecommended Multi-currency cardReceive to bank accountDedicated support for large transfers
Ways to receive money in South Korea with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer RM 80.991 MYR = 327.8660 KRW ₩2,661,947.00You payRM 8,200.00

Wise Pay via FPX	Fee RM 80.99 1 MYR = 327.8660 KRW	Recipient gets ₩2,661,947.00 Within minutes
25 reviews Multi-currency cardReceive to bank accountDedicated support for large transfers
Ways to receive money in South Korea with Wise when paying by fpx. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer RM 80.991 MYR = 327.8660 KRW ₩2,661,947.00You payRM 8,200.00
Exclusive: First Transfer Deal Regency FX Pay via Bank transfer	Fee RM 0.00 1 MYR = 0.0000 KRW +0.27% vs mid-market	Recipient gets ₩0.00 Minutes - 24 hours
0 reviews Personal account manager
Ways to receive money in South Korea with Regency FX when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 MYR = 0.0000 KRW ₩0.00You payRM 8,200.00
How Our Results Work

Why compare

MYR/KRW exchange rate

Best ways to pay & receive

Transfer speed

How to send money from Malaysia to South Korea

Pick a company

I suggest starting with Wise which is the cheapest option for sending RM8,200.

Wise was the cheapest on 1 of the 30 days it quoted RM8,200 transfers to South Korea.

Fund your transfer

There are a few ways to fund your transfer, including bank transfer and fpx.

DuitNow and FPX are most common, both free and instant from your banking app.

This is for funding your money transfer account, not direct transfers to South Korea.

Verify and send

First time round you'll need your IC, or a passport and permit if you're a foreign worker.

Run a new recipient's account through Semak Mule before you send to confirm their details.

Compare amounts

How much MYR are you sending to South Korea?

How much MYR you send to South Korea heavily affects the best ways and the cheapest options. Use the table below to check how the cheapest options change and how much more you'd get by comparing.

Our analysis shows Wise was the cheapest in 4% of the transfers from RM8,200 it quoted, and in 35% of all the transfers it quoted.


RM 1,000	0.10%	RM 0.00	₩328,359.90with fpx to bank deposit	+₩3,959.93
RM 5,000	-0.02%	RM 53.39	₩1,625,313.00with bank transfer to bank deposit	₩0.00
RM 8,200This page		RM 80.99	₩2,661,947.00with bank transfer to bank deposit	+₩887,315.67
RM 10,000	0.27%	RM 0.00	₩3,271,162.75with bank transfer to bank deposit	+₩15,211.83

MYR/KRW Exchange Rate History

Is today a good time to send money from Malaysia to South Korea?

The cheapest way to send MYR to KRW can change every day, or stay with the same company all month.

We've compared the mid-market rate with the cheapest option each day (today it's Wise), across 30 days of comparisons for 8,200 MYR transfers to South Korea.

Each line shows what the recipient gets when you send RM 8,200, after fees, as quoted by each company. The mid-market line shows what RM 8,200 converts to at the real exchange rate, with no fees or markup. Rates are checked once a day. Sponsored placements never affect this data. There are no bank quotes for this period.

The dashed line is what you'd get at the mid-market rate with no fees, and the blue line is the cheapest option that day.

When the blue line goes above the dashed one, you're getting more KRW per MYR than the mid-market rate can offer.

This could be due to money transfer offers, FX rate adjustments, or market competitiveness.

No company, app or bank beat the mid-market rate over the past month, meaning you lose a bit of KRW on every transfer from Malaysia.

Today's payout isn't the best this month though, since the highest receive amount was 2,722,358.31 KRW.

If you can wait and want to get the most out of your transfer, create a rate alert and we'll let you know when the rate improves.

Cheapest over time

Picking the cheapest money transfer company

Just because a company is the cheapest today doesn't mean it's always the best option for sending money to South Korea.

We've tracked 92 comparisons to check how often today's top companies were the cheapest across 4 amounts over the past month.

WiseAppeared in 92 comparisons
Cheapest in 35% of them

Based on 92 comparisons across 4 amounts over the last 30 days.

Different companies can come out cheapest depending on the day and the amount you send.

To keep things fair, we only count the comparisons each company appeared in, and only analyse companies that appeared in at least 50% of all comparisons (so occasional cheapest options don't skew it).

Today Wise is the cheapest and gets you the most KRW, but it was the cheapest in only 35% of the 92 comparisons it appeared in over the past month.

If it's a one-off transfer, go with Wise, since it's the cheapest right now.

Ways to send money from Malaysia to South Korea

There are 5 ways to send money from Malaysia to South Korea across 2 money transfer services.

Regular transfers from Malaysia

Online transfers

Online services and apps work well for smaller transfers sent home every month.

Wise charges MYR 80.99 and % markup to send MYR 8,200 and your recipient gets ₩2,661,947 in within minutes.

In our comparisons over the past month, it was the cheapest online service on 30 of the 30 days it quoted.

SST may appear separately on the fee.

Large transfers from Malaysia

Currency brokers

Brokers are best for large MYR transfers to South Korea.

Regency FX is a good option. They charge no fees and add 0.27% markup on the MYR/KRW exchange rate.

Our analysis shows Regency FX was the cheapest broker in 100% of all the transfers it quoted.

You get an account manager to handle your transfer, and it’s useful for things like home purchases in South Korea, tuition fees, or moving savings from Malaysia to South Korea.

Holding multiple balances

Multi-currency accounts

A multi-currency account is useful if you receive income from South Korea, or travel there often.

Wise lets you hold MYR and KRW in one account, and convert between them when you need.

When converting MYR to KRW, 8,200 MYR will get you 2,661,947 KRW (after fees).

Over the past month, Wise came out cheapest among multi-currency accounts on 100% of days.

Ways to fund MYR and receive KRW in South Korea

With Wise, paying by bank transfer and receiving through a bank deposit is the cheapest combination. Sending MYR 8,200 gives your recipient 2,661,947 KRW.

You can fund your transfer in MYR through bank transfer and fpx.

Paying through online banking (FPX)

Choose fpx at checkout and approve the payment through your Malaysian bank.

This is the simplest and quickest way to fund your account when sending money to South Korea.

The processing fee may include SST, so double check the final KRW amount first.

The recipient can receive KRW through bank deposit.

They can receive money directly to the bank or card

For a card and bank deposit, you will need the recipient's account name, account number and bank details in South Korea.

Double check the info, since it's very hard to stop or reverse once it leaves your account.

1

Bank transfer Bank deposit

You pay RM8,200.00

₩2,661,947

Cheapest
2

Fpx Bank deposit

You pay RM8,200.00

₩2,661,947

₩0

Things to check before sending MYR to South Korea

Here are a few things to know about money transfers from Malaysia to South Korea.

Best ways to send MYR to South Korea

For a RM 8,200 transfer, these are the best options:

Cheapest - Wise, funded by bank transfer with bank deposit for the payout. Your recipient gets 2,661,947 KRW, which is 100% more than the next best option.
Fastest - Wise, funded by bank transfer with bank deposit for the payout. Your recipient gets 2,661,947 KRW in within minutes.

Transfers and overseas investments are different

Malaysia's Foreign Exchange Policy does not impose the overseas-investment limit on an ordinary payment for family support, education, goods or services.

Different rules can apply when a resident converts ringgit to invest in foreign-currency assets, particularly if they have domestic ringgit borrowing.

Bank Negara Malaysia keeps the current FEP rules and notices here.

Documents needed

A bank or licensed money services business can ask what the payment is for and where the money came from.

Keep the quote, receipt and any supporting invoice or employment record to hand over if needed.

Check the recipient before you send

For a new bank account, check the recipient details through the Royal Malaysia Police Semak Mule service first.

Only use a bank or money transfer service regulated by Bank Negara Malaysia.

Check the company in BNM's list of licensed MSB operators before paying an unfamiliar agent.

If you realise you have sent money to a scammer, contact your bank and call the National Scam Response Centre on 997.

How we analyse the market

Every company here holds a Bank Negara money services licence, and the register is public if you want to check one yourself.

We track 2 of them on MYR to South Korea, comparing rates, fees and the ways to pay in and collect, refreshed in real time on live comparisons.

In the past 30 days alone, we analysed 92 comparisons across 4 amounts.

This page covers the cheapest and fastest options for MYR/KRW transfers. This is how we pick them:

Cheapest: the company that gets your recipient the most, after fees and the exchange rate. On a tie, live pricing from the company takes priority over the rates we collect by hand.
Fastest: the company with the shortest estimated delivery time once you’ve paid. On a tie, the one that pays out more takes priority.

Each also goes through our review.

Any tax information is for general guidance only and does not constitute tax advice. Speak to a qualified tax adviser about your circumstances.

Send money from Malaysia

Send money to South Korea

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Tue, 29 Sept 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	332.6724	–	₩2,727,913.91
Regency FX Cheapest	331.7742	RM 0.00	₩2,720,548.54	−₩7,365.37
Wise	332.7770	RM 80.99	₩2,701,820.00	−₩26,093.91

Wed, 30 Sept 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	331.6741	–	₩2,719,727.75
Regency FX Cheapest	330.7786	RM 0.00	₩2,712,384.49	−₩7,343.26
Wise	331.6960	RM 80.99	₩2,693,043.00	−₩26,684.75

Thu, 1 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	332.8937	–	₩2,729,728.58
Regency FX Cheapest	331.9949	RM 0.00	₩2,722,358.31	−₩7,370.27
Wise	332.9370	RM 80.99	₩2,703,119.00	−₩26,609.58

Fri, 2 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	330.8759	–	₩2,713,181.98
Regency FX Cheapest	329.9825	RM 0.00	₩2,705,856.39	−₩7,325.59
Wise	330.9290	RM 80.99	₩2,686,816.00	−₩26,365.98

Sat, 3 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	329.0102	–	₩2,697,883.58
Regency FX Cheapest	328.1219	RM 0.00	₩2,690,599.30	−₩7,284.28
Wise	328.6140	RM 80.99	₩2,668,020.00	−₩29,863.58

Sun, 4 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	328.8181	–	₩2,696,308.47
Regency FX Cheapest	327.9303	RM 0.00	₩2,689,028.44	−₩7,280.03
Wise	328.6140	RM 80.99	₩2,668,020.00	−₩28,288.47

Mon, 5 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	329.2255	–	₩2,699,648.92
Regency FX Cheapest	328.3366	RM 0.00	₩2,692,359.87	−₩7,289.05
Wise	328.9110	RM 80.99	₩2,670,432.00	−₩29,216.92

Tue, 6 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	328.7280	–	₩2,695,569.94
Regency FX Cheapest	327.8405	RM 0.00	₩2,688,291.90	−₩7,278.04
Wise	328.7490	RM 80.99	₩2,669,116.00	−₩26,453.94

Wed, 7 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	327.6552	–	₩2,686,772.60
Regency FX Cheapest	326.7705	RM 0.00	₩2,679,518.31	−₩7,254.29
Wise	327.7210	RM 80.99	₩2,660,770.00	−₩26,002.60

Thu, 8 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	327.8050	–	₩2,688,001.35
Regency FX Cheapest	326.9200	RM 0.00	₩2,680,743.75	−₩7,257.60
Wise	327.8000	RM 80.99	₩2,661,411.00	−₩26,590.35

Fri, 9 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	328.3730	–	₩2,692,658.82
Regency FX Cheapest	327.4864	RM 0.00	₩2,685,388.64	−₩7,270.18
Wise	328.3600	RM 80.99	₩2,665,958.00	−₩26,700.82

Sat, 10 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	328.2044	–	₩2,691,276.10
Regency FX Cheapest	327.3183	RM 0.00	₩2,684,009.65	−₩7,266.45
Wise	328.1140	RM 80.99	₩2,663,961.00	−₩27,315.10

Sun, 11 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	328.0967	–	₩2,690,392.97
Regency FX Cheapest	327.2108	RM 0.00	₩2,683,128.91	−₩7,264.06
Wise	328.1140	RM 80.99	₩2,663,961.00	−₩26,431.97

Mon, 12 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	326.0949	–	₩2,673,978.49
Regency FX Cheapest	325.2145	RM 0.00	₩2,666,758.75	−₩7,219.74
Wise	326.2370	RM 80.99	₩2,648,721.00	−₩25,257.49

Tue, 13 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	328.7765	–	₩2,695,967.70
Regency FX Cheapest	327.8889	RM 0.00	₩2,688,688.59	−₩7,279.11
Wise	328.8460	RM 80.99	₩2,669,904.00	−₩26,063.70

Wed, 14 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	327.2427	–	₩2,683,390.48
Regency FX Cheapest	326.3592	RM 0.00	₩2,676,145.33	−₩7,245.15
Wise	327.3060	RM 80.99	₩2,657,401.00	−₩25,989.48

Thu, 15 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	329.0546	–	₩2,698,247.69
Regency FX Cheapest	328.1661	RM 0.00	₩2,690,962.42	−₩7,285.27
Wise	329.1110	RM 80.99	₩2,672,056.00	−₩26,191.69

Fri, 16 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	326.4021	–	₩2,676,497.49
Regency FX Cheapest	325.5208	RM 0.00	₩2,669,270.95	−₩7,226.54
Wise	326.4360	RM 80.99	₩2,650,337.00	−₩26,160.49

Sat, 17 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	326.8537	–	₩2,680,200.46
Regency FX Cheapest	325.9712	RM 0.00	₩2,672,963.92	−₩7,236.54
Wise	326.7350	RM 80.99	₩2,652,765.00	−₩27,435.46

Sun, 18 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	326.8856	–	₩2,680,461.53
Regency FX Cheapest	326.0030	RM 0.00	₩2,673,224.29	−₩7,237.24
Wise	326.7350	RM 80.99	₩2,652,765.00	−₩27,696.53

Mon, 19 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	326.2190	–	₩2,674,996.04
Regency FX Cheapest	325.3382	RM 0.00	₩2,667,773.55	−₩7,222.49
Wise	326.2490	RM 80.99	₩2,648,819.00	−₩26,177.04

Tue, 20 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	324.8790	–	₩2,664,007.81
Regency FX Cheapest	324.0018	RM 0.00	₩2,656,814.99	−₩7,192.82
Wise	324.9540	RM 80.99	₩2,638,305.00	−₩25,702.81

Wed, 21 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	324.4081	–	₩2,660,146.56
Regency FX Cheapest	323.5322	RM 0.00	₩2,652,964.16	−₩7,182.40
Wise	324.4470	RM 80.99	₩2,634,188.00	−₩25,958.56

Thu, 22 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	323.8609	–	₩2,655,659.09
Regency FX Cheapest	322.9864	RM 0.00	₩2,648,488.81	−₩7,170.28
Wise	323.8240	RM 80.99	₩2,629,130.00	−₩26,529.09

Fri, 23 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	324.6551	–	₩2,662,171.71
Regency FX Cheapest	323.7785	RM 0.00	₩2,654,983.84	−₩7,187.87
Wise	324.7860	RM 80.99	₩2,636,941.00	−₩25,230.71

How to send money to South Korea from Malaysia with the best MYR-KRW rate

Best companies for MYR/KRW transfers