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Overall best choice: CurrencyFair
We tested & reviewed dozens of money transfer providers, and CurrencyFair scored highly.
CurrencyFair appeared in 99% of Philippines to South Korea searches, and was the top rated company out of 3 that support PHP to KRW.
So for a great mix of cost, speed & features, make your Philippines to South Korea transfer using CurrencyFair.
How to get the best deal on your Philippines to South Korea transfer
- Always compare rates
Don't pay more than you have to. Use our live comparison tool to make sure you aren't missing the best rates to send money from Philippines to South Korea.
- Choose a provider
Select the provider that offers you the best value & service for your needs
- Click, sign up & send
Follow the steps & make your transfer. Your funds will soon be on their way to your chosen country & currency.
Summary of recent searches
Important things to consider before sending money from Philippines to South Korea
Don't settle for the first option. Always compare ways to send money from Philippines to South Korea to find out about fees, speed, and reliability.
Our analysis included 3 providers that operate between Philippines and South Korea.
Through this, you get a comprehensive view of all the options you have in Philippines when you need to send money to South Korea.
Cheapest way to send money to South Korea from Philippines: CurrencyFair
Data collected over the past six months shows that CurrencyFair is 0% cheaper than the second-best option.
The ₱1873.06 transfer cost represents the most common fee for PHP to KRW international transfers, based on data from the past six months.
If you want to secure the best rates on a PHP to South Korea transfer, make sure you pick CurrencyFair to send your money online.
*The most common fee applied to PHP-KRW by CurrencyFair, based on data from the past six months.
Fastest way to send money from Philippines to South Korea: CurrencyFair
Our data shows that CurrencyFair came up as the fastest way to send money from Philippines to South Korea in 99% of searches. This makes them well suited to urgent PHP to KRW money transfers.
The 'fastest' way to send money is defined by the overall speed of sending money from Philippines to South Korea - this includes deposit, transfer and withdrawal timeframes and often differs per currency.
When speed matters, CurrencyFair is your best choice at the moment. This service emerged as the quickest way to send money to South Korea from Philippines in 99% 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 CurrencyFair.
While CurrencyFair may not always be the cheapest or fastest way to send PHP from Philippines to South Korea, it’s the provider that will keep you safe and relaxed while your money moves into KRW.
Understanding the costs involved when moving money from Philippines to South Korea
When calculating the costs of money transfers between Philippines and South Korea, here's what really matters:
The Mid-Market Rate: Today, the PHP-KRW mid-market rate equals to 23.805495 KRW per Philippine Peso.
The PHP-KRW average exchange rate for the past three months has been 23.6758 KRW per Philippine Peso, with a high of 24.4037 and a low of 23.1848.
When looking to send money, we'd recommend CurrencyFair. On average CurrencyFair is 0% away from the average mid-market rate. Fees may be added on top, but they're still the cheapest provider on average from PHP to KRW.
How to find the best exchange rate for Philippine Peso to Won
Timing is essential for sending money between PHP and KRW. The exchange rate you secure impacts how much KRW you get for your PHP.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from PHP to KRW has seen some fluctuation. On average, it stood at 23.6758.
During this period, the highest value recorded was 24.4037, while the lowest was 23.1848.
CurrencyFair, which is our recommended service to send money online from Philippines to South Korea offers an exchange rate that is only 0% above the mid-market rate.
Want to secure the best PHP-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 Philippines to South Korea!
Payment methods available to fund your Philippines to South Korea transfer
Bank transfers
Bank transfers are often the default option for sending money from Philippines to South Korea.
By using a money transfer company such as CurrencyFair for transfers from Philippines to South Korea, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates.
On average, CurrencyFair is the cheapest provider for bank transfers from the 3 we tested when sending PHP to South Korea.
With an average fee of PHP1873.39 to send money from Philippines to South Korea, CurrencyFair offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Philippines to South Korea with a debit or a prepaid card is very simple with Instarem.
Instarem is a leader in debit card payments for transfers from Philippines to South Korea, competing among a total of 3 active money transfer companies on this route.
Credit cards
When it comes to credit card transfers from Philippines to South Korea, Instarem emerges as our top choice of the 3 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 South Korea and Philippines.
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 Philippines to South Korea.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send PHP 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
