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Companies for transfers from Indonesia to South Korea
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"OFX have been helping individuals and businesses send money for over 25 years. Transfer in 50+ currencies to 170+ countries, with 24/7 phone access to currency experts."
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"OFX have been helping individuals and businesses send money for over 25 years. Transfer in 50+ currencies to 170+ countries, with 24/7 phone access to currency experts."
Best recommended: Wise
Of the 2 money transfer providers tested and reviewed, Wise scored highly for its competitive rates and fees.
Wise appeared in 100% of Indonesia to South Korea searches, and was the top rated company supporting IDR to KRW transfers.
Make your Indonesia to South Korea transfer using Wise for the best mix of cost and speed.
How to get the best deal on your Indonesia to South Korea money transfer
- Always compare rates
Don't pay more than you have to. Use our live comparison tool to get the best exchange rates on sending money from Indonesia to South Korea.
- Choose a provider
Select the provider that offers you the best value and timeframes for transfers between Indonesia and South Korea.
- Click, sign up & send
Follow the steps & make your transfer to South Korea. Your funds will be sent from Indonesia and converted into Won.
Summary of recent searches
Considerations for money transfers from Indonesia to South Korea
Comparing providers offering services between Indonesia and South Korea, based on your specific needs is the best way to send money with confidence.
Our comparison includes 2 companies that provide the ability to send Rupiah to South Korea.
This ensures you get the best options for transfers to South Korea from Indonesia, based on the amount you want to send.
Cheapest way to transfer money to South Korea from Indonesia: Wise
Of the 2 providers compared, data shows that Wise is 0% cheaper than the second-best option.
The is cost is made up of an average IDR-KRW exchange rate that is -0.03% different to the mid-market rate and an average fee of 184,246.25* IDR.
If you want to secure the best rates on a IDR to South Korea transfer, Wise will result in the most Won received.
*The most common fee applied to IDR-KRW by Wise, based on data from the past six months.
Fastest money transfers from Indonesia to South Korea: Wise.
Through our comparison, we found Wise to be the fastest option to transfer money from Indonesia to Won in 100% of instances.
Over the last six months, sending money from Indonesia to South Korea through Wise have an average fee of 184,246.25 IDR.
Wise was one of 2 money transfer providers we compared for overall speed of sending money from Indonesia to South Korea. This speed test included depositing Rupiahs to an account and the average timeframe for sending money to South Korea.
When fast transfers are a priority, Wise is our best choice for sending from Indonesia to South Korea.
Sending a large amount of money?
Of the 2 providers compared, Wise is the best rated for higher transfer amounts.
Sending large amounts of money can be expensive, and while Wise may not always be the fastest or cheapest way to send money from Indonesia to South Korea, it's a great provider for things like buying or selling property.
Understanding the cost of sending money to South Korea from Indonesia
The cost of sending money from South Korea to South Korea, is made-up of a combination of fees and exchange rates:
The Mid-Market and Exchange Rates: The mid-market rate determines a mid-price for buying currency. The current mid-market rate from IDR-KRW is 0.0887 KRW per Rupiah.
Finding a provider offering an exchange as close to 0.0887 as possible will ensure more Won received when transferring.
For context, the IDR-KRW mid-market rate for the past three months has averaged 0.0879 KRW per Rupiah. This includes a high of 0.0896, and low of 0.0859.
Wise currently offers the best exchange rate on transfers from Indonesia to South Korea.
For the most part the IDR-KRW exchange rate you receive is the biggest factor impacting the cost of sending IDR to South Korea.
Fees: Outside of exchange rates, you may need to pay a fee to send. Wise currently offers the lowest fees on transfers to South Korea from Indonesia, averaging 184,246.25 IDR over the last 6 months. Although this does include large transfers as well, we recommend searching for your exact send amount for an exact fee.
Amount Received: The amount received in Won is the amount you started with, minus the amount you paid in the exchange and fees.
The better deal you get on exchanging Rupiahs to KRW, paired with a low fee, means a higher total amount received in South Korea.
Track the exchange rate for Rupiah to Won
Sending money at the right time between IDR and KRW can make a huge difference to overall cost. The exchange rate impacts how much KRW you get for your IDR.
Over the last six months, the average numbers are:
The exchange rate from IDR to KRW averaged 0.0879 KRW.
The highest value recorded was 0.0896 KRW, while the lowest was 0.0859 KRW.
2 providers currently offer transfers between Indonesia and South Korea close to this rate.
Want to secure the best IDR-Won exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from Indonesia to South Korea!
Funding your Indonesia to South Korea money transfer
Bank transfers
Bank transfers are often the best and easier way to send money from Indonesia to South Korea.
By using a money transfer company such as Wise for transfers from Indonesia to South Korea, you can send money via a bank transfer and benefit from lower fees and more favorable exchange rates than would be offered by a bank.
On average, Wise is the cheapest way to send money via a bank transfer. This is of the 2 companies we tested when sending IDR to South Korea.
With an average fee of 184,246.25 IDR to send money from Indonesia to South Korea, Wise offers a decent combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Indonesia to South Korea with a debit or a prepaid card is easy with .
is a leading money transfer company for debit card payments, and offers transfers from Indonesia to South Korea.
Credit cards
When it comes to sending money with a credit card from Indonesia to South Korea, is our top choice of the 2 companies offering this service.
Keep on top of fees: using a credit card to transfer money can result in a fee being charged by your card issuer. Where possible, 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 South Korea and Indonesia.
Our comparison engine and algorithms evaluate providers based on over 25 factors, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.
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 Indonesia to South Korea.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send IDR to KRW.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
Money transfer company reviews
