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Compare today's MWK to KRW (Malawian Kwacha to South Korean Won) exchange rates

Malawi
South Korea
MWK

Interbank Exchange Rate: 1 MWK = 0.8393 KRW
Updated about an hour ago

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All you need to know about Malawian Kwacha to South Korean Won money transfers

Easily compare money transfer providers in one place to send money from Malawi to South Korea. Send money overseas to your loved ones by comparing Malawian Kwacha (MWK) 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 Malawi.

Were you looking to send money from South Korea to Malawi 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 MWK to KRW Conversion Rates

Here are some latest MWK to KRW (Malawian Kwacha to South Korean Won) exchange rates for popular conversion amounts*.

1 MWK0.84 KRW
5 MWK4.20 KRW
10 MWK8.39 KRW
25 MWK20.98 KRW
50 MWK41.97 KRW
100 MWK83.93 KRW
150 MWK125.90 KRW
200 MWK167.86 KRW
250 MWK209.83 KRW
300 MWK251.79 KRW
400 MWK335.72 KRW
500 MWK419.65 KRW
600 MWK503.58 KRW
700 MWK587.51 KRW
800 MWK671.44 KRW
1,000 MWK839.30 KRW
1,500 MWK1,258.95 KRW
2,000 MWK1,678.60 KRW
2,500 MWK2,098.25 KRW
3,000 MWK2,517.90 KRW
4,000 MWK3,357.20 KRW
5,000 MWK4,196.50 KRW
10,000 MWK8,393.00 KRW
15,000 MWK12,589.50 KRW
20,000 MWK16,786.00 KRW
30,000 MWK25,179.00 KRW
40,000 MWK33,572.00 KRW
50,000 MWK41,965.00 KRW
100,000 MWK83,930.00 KRW

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


What's the best way to send money from Malawi to South Korea?

Sending money internationally to South Korea from Malawi 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 Malawian Kwacha 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 rate to transfer money to South Korea from Malawi?

Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to South Korea from Malawi. Another added complexity is the multitude of choices at your disposal - ranging from your bank, to established operators like WesterUnion and Moneygram, to so many remittance startups and companies, to multi currency bank accounts. It would be ideal if there was an automated way to stay updated with the ever changing remittance landscape.

One way you could eliminate the manual work to search and compare providers for your MWK to South Korean Won money transfers is by signing up for the RemitFinder daily rate alert. It is completely free; we do the hard work of comparing various remittance companies, and send you all the info you need.

We are also constantly adding new partners for the Malawi to South Korea corridor to give you more good choices for your next KRW money transfer. This way you do not miss out on additional options to potentially save more.


What's the cheapest way to send money to South Korea from Malawi?

The final amount your recipient gets when you send MWK to KRW is the most important number that matters. In other words, you should try to minimize the impact of fees and other hidden charges (bad exchange rate is one of them) to achieve the most cost effective cross border remittance.

Before the dawn of the modern internet era, traditional methods to send money from Malawi to South Korea used to be banks, and small, local remittance players located in retail outlets and convenience stores. Unfortunately, all these options entail high fees and often provide low exchange rates - this results in an expensive money transfer whereby a big chunk of your hard earned money does not reach your recipient.

A great way to find the cheapest options to send South Korean Won is by comparing numerous foreign exchange operators and service providers on RemitFinder. By eliminating the process of manually searching and comparing various companies, you can easily compare all your options in one place, thereby saving time and money. This way, you can get the best Malawian Kwacha to South Korea exchange rate. Further savings can be realized by utilizing many exclusive offers and promotions from our partners. These deals can help lower the cost of a money transfer even more, thereby giving you a higher return.


Should I use my bank to transfer money from Malawi to South Korea?

There are two distinct ways that banks make money on international funds transfers. First, by charging steep transaction fees, and second, by providing a low MWK to KRW exchange rate. Sometimes, the actual transaction fee may not be that high, but the rate may be much lower, which essentially means a hidden fee as the cost of the transfer for you still goes up.

Since your obvious goal is to make the most of your hard earned money, you would want to ensure that the receiver of your money gets the maximum amount. One simple way to achieve this is by minimizing the fees on Malawi to South Korea money you send. And, generally, you will not get low fees with banks. Hence, we recommend relying on our real time online money transfer comparison tool to ensure you can compare many options.

Most of the remittance companies today offer bank to bank transfers for sending money to South Korea from Malawi. They do this by letting you fund your transaction through your local bank account in Malawi, and by allowing you to choose the payout to be your recipient's bank account in South Korea. But, you are likely to get much better rates and lower fees compared to your bank.


What is the fastest way to do a money transfer to South Korea from Malawi?

It could be a stressful experience if you need to rush money quickly from Malawi 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 MWK 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 Malawi to South Korea money transfers.


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

Comparing money transfer companies for sending money to South Korea from Malawi can be challenging, especially given the number of options out there. But, if you are armed with the right knowledge, it will help you make a more informed decision and, therefore, make the most of your hard earned money.

There are various areas you would want to inspect when evaluating these providers to gauge the best fit for sending money overseas to South Korea. How much do you want to send? Some companies deal with only small amounts, while others specialize in larger ones. Are you OK paying a fee for your Malawian Kwacha to South Korean Won transfer or you will only go with 0 fees? How about exchange rates? Can you send money using non-fixed or indicative rates?

Once you start applying these conditions to the list of choices you see, you can start to eliminate companies that do not match any of your preferences. This will help fine tune the list to a small number. Finally, keep an eye on promotions and discounts as they will help maximize the South Korean Won yield on every Malawian Kwacha that you send.


Step by step guide to send money from Malawi to South Korea

The first step to send money to South Korea from Malawi is to identify a money transfer provider that best suits your needs. You can rely on RemitFinder's online comparison tool to do so.

Once you have a provider chosen, follow these steps to execute your MWK to KRW overseas funds transfer.

  • Click through to the provider's site and register an account.
  • Provide documentation for ID proof, and related information that the provider may need as part of compliance and regulatory checks they need to do.
  • Add recipient information including their bank account in South Korea if paying via ACH direct deposit or bank transfer.
  • Enter your sending amount, and initiate a transaction.
  • Pay for your transaction via your Malawi bank account or alternative methods like a debit card.
  • Sit back and relax, and see your money travel to South Korea!

After the transaction has been kicked off, the provider would notify you of progress. Many remittance companies also have mobile apps; you can use that to track the real time status of your transfer from Malawi to South Korea.