Send money overseas with Bancoli to take advantage of bank-beating exchange rates

Compare today's MOP to KRW (Macanese Pataca to South Korean Won) exchange rates

Macao
South Korea
MOP

Interbank Exchange Rate: 1 MOP = 181.1205 KRW
Updated about an hour ago

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All you need to know about Macanese Pataca to South Korean Won money transfers

Easily compare money transfer providers in one place to send money from Macao to South Korea. Send money overseas to your loved ones by comparing Macanese Pataca (MOP) to South Korean Won (KRW) remittance exchange rates. Read remittance service provider reviews and check out deals, promotions and discounts. Transfer online or send cash based on services offered by these providers.

Looking for a different option? You can browse all sending countries on our send money from hub, or view all destinations available when sending money from Macao.

Were you looking to send money from South Korea to Macao instead?

If you need to send international business money transfers and payments, get in touch with us to see how we can help protect your revenue.

Did not find the providers you were looking for? Please reach out to us at info@remitfinder.com, and we will do our best to add them to our platform.


Latest MOP to KRW Conversion Rates

Here are some latest MOP to KRW (Macanese Pataca to South Korean Won) exchange rates for popular conversion amounts*.

1 MOP181.12 KRW
5 MOP905.60 KRW
10 MOP1,811.21 KRW
25 MOP4,528.01 KRW
50 MOP9,056.03 KRW
100 MOP18,112.05 KRW
150 MOP27,168.07 KRW
200 MOP36,224.10 KRW
250 MOP45,280.13 KRW
300 MOP54,336.15 KRW
400 MOP72,448.20 KRW
500 MOP90,560.25 KRW
600 MOP108,672.30 KRW
700 MOP126,784.35 KRW
800 MOP144,896.40 KRW
1,000 MOP181,120.50 KRW
1,500 MOP271,680.75 KRW
2,000 MOP362,241.00 KRW
2,500 MOP452,801.25 KRW
3,000 MOP543,361.50 KRW
4,000 MOP724,482.00 KRW
5,000 MOP905,602.50 KRW
10,000 MOP1,811,205.00 KRW
15,000 MOP2,716,807.50 KRW
20,000 MOP3,622,410.00 KRW
30,000 MOP5,433,615.00 KRW
40,000 MOP7,244,820.00 KRW
50,000 MOP9,056,025.00 KRW
100,000 MOP18,112,050.00 KRW

*Based on the Interbank Exchange Rate. Actual payout may vary based on the chosen money transfer provider.


What's the best way to do Macao to South Korea money transfers?

Sending money internationally to South Korea from Macao can be a challenging task given so many companies willing to move your money overseas. You can rely on RemitFinder to choose the best provider who can offer the most value while ensuring safety and security at the same time.

Our money transfer comparison engine does a real time comparison of exchange rates from various foreign exchange providers to bring you the best choices for your Macanese Pataca to KRW remittances.

Every company listed on our platform has been fully vetted by our team to ensure you get access to safe, secure and reliable providers to help you send money to South Korea. Our partners also provide exclusive offers and discounts to our customers so they can save even more on their next money transfer. You can take advantage of these promotions so your loved ones back home get the maximum amount in South Korean Won.


How to get the best exchange rate for sending money from Macao to South Korea?

With ever changing remittance exchange rates, and umpteen new companies and startups to send money abroad coming up, it may seem hard at first to decide when to send money and which company to choose from for your Macao to South Korea transfers.

RemitFinder provides a single place to compare many options so you can quickly and easily decide who to go with. Compare various banks, foreign exchange specialists, Fintech startups, remittance service providers, multi currency bank accounts and others in a single view to maximize the return on your MOP to South Korean Won international money transfers.

To help save your precious time and hard earned money, we also created the RemitFinder exchange rate alert. This is a totally free notification that will keep you updated daily on the latest Macanese Pataca to South Korean Won exchange rates and ongoing deals and promotions. You can sign up for our rate alert and start saving now.


What's the cheapest way for transferring money to South Korea from Macao?

Finding the cheapest way to send money from Macao to South Korea might not be that easy given the umpteen choices available. You have to look at various parameters like exchange rates and fees to determine if the cost of one money transfer operator is less than that of another or not.

It may also be tempting to use some of the traditional funds transfer services like foreign currency exchanges or operators located in shopping malls, grocery stores and other local outlets. While you can certainly transfer MOP to KRW via these channels, they may not be the most economical way to send money internationally. Typically, brick and mortar services charge higher fees and may also provide lower rates. All this contributes to making your foreign exchange transfer more expensive.

Online money transfers tend to be more cost effective, and RemitFinder provides you quite a number of good choices to ensure you are able to get optimum Macao to South Korea exchange rate. Many of our partners also provide promotions and offers that are exclusive to our customers; availing these will definitely reduce the cost of your foreign exchange transaction further.


Should I use my bank to send money from Macao to South Korea?

We do not recommend using your local bank in Macao for your next MOP to KRW overseas funds transfer. The reason for this is that banks are known to give you worse exchange rates and yet charge high foreign exchange fees. That is a double whammy that will make the transaction much more expensive for you.

That said, there may be circumstances you may want to consider your bank for your international funds transfer. For example, if you need to move a very large sum of money from Macao to South Korea (for property purchase, or any such high value transaction), and do not want smaller transactions. In such cases, be sure to carefully inspect all details of the remittance transaction that your bank offers you. You can use the RemitFinder remittance search engine to compare your bank's quote with many other money transfer companies to try to negotiate a better deal with your bank.

Notwithstanding any unique circumstances as above, you will generally save more by relying on online foreign exchange companies for sending KRW to South Korea. These companies will let you use your local bank account in Macao to pay for your South Korea money transfer, but will likely save you a lot of money by affording better rates and citing lower foreign exchange transaction fees.


How to send money to South Korea from Macao fast?

It could be a stressful experience if you need to rush money quickly from Macao to South Korea. How do you decide which option to pick to ensure your funds arrive at the destination in the fastest possible way?

First, you should ensure that you are picking the right payment method to convert MOP to KRW. Most remittance companies will allow you to pay by cash, with credit or debit cards, via a direct bank transfer, through a wire transfer, and so on. Digital payment methods like wire transfers and bank transfers will certainly delay your transaction as compared to cash payments.

Similarly, on the receiving side, your recipient also has multiple options to collect their monies in South Korean Won. The payout choices generally include cash pickup, direct bank transfer, loading up a mobile wallet, and mobile airtime top up. If transaction speed is important, you could choose cash pickup if the receiver can access a close by pickup location. Just be aware that the exchange rate on cash transactions may not be the best, and there is risk in handling cash, especially for larger amounts. Otherwise, a mobile airtime top up or a bank deposit may be the next fastest possible ways unless there are bank holidays going on.

Foreign exchange transaction speed also depends on some additional factors like transfer amount, compliance and regulatory processes and vary from provider to provider. Check out our remittance guide to answer any questions you may have on how remittances work in general, and what factors affect the speed of your Macao to South Korea money transfers.


Which are the best money transfer companies to transfer money to South Korea from Macao?

The first step in selecting the best money transfer operators for Macao to South Korea remittances is to have a list of potential companies that you could use. You can rely on RemitFinder for giving you several good options to start with. Simply give us your sending and receiving countries, and we will present numerous providers for you to easily compare.

The next part in deciding which provider to go with would depend on what you are looking for. There are many parameters on which these companies can be compared against each other, and it all depends on your preferences. For example, are you looking for low or 0 fees, the highest rate, quick transfer speed, etc.

Another factor that may help you decide which provider to go with would be any coupons and deals available for Macanese Pataca to South Korean Won money transfers. Availing promotions is a sure shot way to help reduce your cost, and should be part of the criteria to decide which are your top candidates for sending money to South Korea.


Step by step guide to transfer money to South Korea from Macao

Follow the below easy steps to send money to South Korea from Macao.

  • If you are sending money for the first time with a provider, register an account with them. You will likely get a validation email, and optionally a validation text on your mobile as well. This ensures that it is indeed you who is creating your account.
  • You will also need to provide your national ID with a photo, and proof of address. Providing this information ensures the security of your account and helps in fraud prevention.
  • Add your payment method - this is how you pay for your transfer. Generally, you would want to use your Macao bank account to fund your transaction.
  • Add your recipient - provide details about who will receive the funds (can also be your own account in South Korea).
  • Specify delivery method - specify how the recipient will get the proceeds. Choosing a bank account is usually the best, if one is available.
  • Add the transfer amount and start the transaction.

The provider will then work on your MOP to KRW remittance, and you should not have any additional action to take. Keep an eye on your email inbox as you should get notified about the progress of your transaction.

Whilst it's fairly straightforward to make an actual foreign exchange transaction online, the harder part may be choosing the right company for your overseas bank transfer. This is where you can rely on RemitFinder's expertise in the money transfer space to help you select the best remittance provider.