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Overall best choice: Panda Remit
We tested & reviewed dozens of money transfer providers, and Panda Remit scored highly.
Panda Remit appeared in 61.1% of South Korea to Philippines searches, and was the top rated company out of 4 that support KRW to PHP.
So for a great mix of cost, speed & features, make your South Korea to Philippines transfer using Panda Remit.
How to get the best deal on your South Korea to Philippines transfer
Summary of recent searches
Important things to consider before sending money from South Korea to Philippines
Don't settle for the first option. Always compare ways to send money from South Korea to Philippines to find out about fees, speed, and reliability.
Our analysis included 4 providers that operate between South Korea and Philippines.
Through this, you get a comprehensive view of all the options you have in South Korea when you need to send money to Philippines.
Cheapest way to send money to Philippines from South Korea: Panda Remit
Data collected over the past six months shows that Panda Remit is 0% cheaper than the second-best option.
The ₩4 transfer cost represents the most common fee for KRW to PHP international transfers, based on data from the past six months.
If you want to secure the best rates on a KRW to Philippines transfer, make sure you pick Panda Remit to send your money online.
*The most common fee applied to KRW-PHP by Panda Remit, based on data from the past six months.
Fastest way to send money from South Korea to Philippines: Panda Remit
Our data shows that Panda Remit came up as the fastest way to send money from South Korea to Philippines in 65% of searches. This makes them well suited to urgent KRW to PHP money transfers.
The 'fastest' way to send money is defined by the overall speed of sending money from South Korea to Philippines - this includes deposit, transfer and withdrawal timeframes and often differs per currency.
When speed matters, Panda Remit is your best choice at the moment. This service emerged as the quickest way to send money to Philippines from South Korea in 65% of the searches on MoneyTransfers.com over the past six months.
Need to send over $10,000?
Opt for a service proven with large transfers when size matters. For transfers over $10,000, your best bet is Panda Remit.
While Panda Remit may not always be the cheapest or fastest way to send KRW from South Korea to Philippines, it’s the provider that will keep you safe and relaxed while your money moves into PHP.
Understanding the costs involved when moving money from South Korea to Philippines
When calculating the costs of money transfers between South Korea and Philippines, here's what really matters:
The Mid-Market Rate: Today, the KRW-PHP mid-market rate equals to 0.041659 PHP per Won.
The KRW-PHP average exchange rate for the past three months has been 0.042 PHP per Won, with a high of 0.0429 and a low of 0.0416.
When looking to send money, we'd recommend Panda Remit. On average Panda Remit is 0.5% away from the average mid-market rate. Fees may be added on top, but they're still the cheapest provider on average from KRW to PHP.
How to find the best exchange rate for Won to Philippine Peso
Timing is essential for sending money between KRW and PHP. The exchange rate you secure impacts how much PHP you get for your KRW.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from KRW to PHP has seen some fluctuation. On average, it stood at 0.042.
During this period, the highest value recorded was 0.0429, while the lowest was 0.0416.
Panda Remit, which is our recommended service to send money online from South Korea to Philippines offers an exchange rate that is only 0.5% above the mid-market rate.
Want to secure the best KRW-Philippine Peso exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from South Korea to Philippines!
Payment methods available to fund your South Korea to Philippines transfer
Bank transfers
Bank transfers are often the default option for sending money from South Korea to Philippines.
By using a money transfer company such as Panda Remit for transfers from South Korea to Philippines, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates.
On average, Panda Remit is the cheapest provider for bank transfers from the 4 we tested when sending KRW to Philippines.
With an average fee of KRW4 to send money from South Korea to Philippines, Panda Remit offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from South Korea to Philippines with a debit or a prepaid card is very simple with Instarem.
Instarem is a leader in debit card payments for transfers from South Korea to Philippines, competing among a total of 4 active money transfer companies on this route.
Credit cards
When it comes to credit card transfers from South Korea to Philippines, Instarem emerges as our top choice of the 4 companies offering this service.
Fee alert: using a credit card to transfer money often results in a fee being charged by your card issuer. That's why we recommend bank transfer or debit card instead.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Philippines and South Korea.
Our comparison engine and algorithms evaluate providers based on over 25 factors.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from South Korea to Philippines.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send KRW to PHP.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
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