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Compare today's MNT to KPW (Mongolian Togrog to North Korean Won) exchange rates

Mongolia
North Korea
MNT

Interbank Exchange Rate: 1 MNT = 0.2529 KPW
Updated about an hour ago

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All you need to know about Mongolian Togrog to North Korean Won money transfers

Easily compare money transfer providers in one place to send money from Mongolia to North Korea. Send money overseas to your loved ones by comparing Mongolian Togrog (MNT) to North Korean Won (KPW) 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 Mongolia.

Were you looking to send money from North Korea to Mongolia 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 MNT to KPW Conversion Rates

Here are some latest MNT to KPW (Mongolian Togrog to North Korean Won) exchange rates for popular conversion amounts*.

1 MNT0.25 KPW
5 MNT1.26 KPW
10 MNT2.53 KPW
25 MNT6.32 KPW
50 MNT12.65 KPW
100 MNT25.29 KPW
150 MNT37.94 KPW
200 MNT50.58 KPW
250 MNT63.23 KPW
300 MNT75.87 KPW
400 MNT101.16 KPW
500 MNT126.45 KPW
600 MNT151.74 KPW
700 MNT177.03 KPW
800 MNT202.32 KPW
1,000 MNT252.90 KPW
1,500 MNT379.35 KPW
2,000 MNT505.80 KPW
2,500 MNT632.25 KPW
3,000 MNT758.70 KPW
4,000 MNT1,011.60 KPW
5,000 MNT1,264.50 KPW
10,000 MNT2,529.00 KPW
15,000 MNT3,793.50 KPW
20,000 MNT5,058.00 KPW
30,000 MNT7,587.00 KPW
40,000 MNT10,116.00 KPW
50,000 MNT12,645.00 KPW
100,000 MNT25,290.00 KPW

*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 Mongolia to North Korea?

Sending money internationally to North Korea from Mongolia 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 Mongolian Togrog to KPW 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 North 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 North Korean Won.


How to get the best remit rate for transferring money from Mongolia to North Korea?

Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to North Korea from Mongolia. 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 MNT to North 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 Mongolia to North Korea corridor to give you more good choices for your next KPW money transfer. This way you do not miss out on additional options to potentially save more.


What's the cheapest way to send money from Mongolia to North Korea?

While there are numerous ways to send money overseas, many come with steep fees and hidden charges that will make a big dent in your hard earned money. For example, if you send money from Mongolia to North Korea via a bank, you will typically get charged high wire transfer fees. Often, both the sender and the recipient have to pay high fees for bank wire transfers.

A sure way to find the most cost effective way for Mongolian Togrog to North Korean Won remittances is to compare various foreign exchange operators out there. But, doing this manually is hard and time consuming. You may miss out on great rates from other providers that you may not even be aware of. This is especially relevant given the explosion of Fintech startups operating in the international money transfer arena.

Use RemitFinder to compare numerous remittance service providers in a single screen to easily see which companies are good at what and meet your selection criteria for getting the best Mongolia to North Korea exchange rate.

Another sure shot way to reduce your cost and maximize the return on your money is to take advantage of deals and discounts our partners provide to RemitFinder users like you. We are constantly adding new providers, so make sure to regularly check in to see which money transfer options are the cheapest for MNT to KPW remittances.


How to send money from Mongolia to North Korea through a bank?

We do not recommend using your local bank in Mongolia for your next MNT to KPW 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 Mongolia to North 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 KPW to North Korea. These companies will let you use your local bank account in Mongolia to pay for your North Korea money transfer, but will likely save you a lot of money by affording better rates and citing lower foreign exchange transaction fees.


What is the fastest way to do a money transfer to North Korea from Mongolia?

If you need to convert MNT to KPW as fast as possible, there are definite steps you can take that will help you do so. You could pay for your transfer with cash, as well as have your recipient do a cash pickup for payout - both of these methods will speed up your money transfer.

That said, handling cash could be a safety issue given that both the sender and receiver have to physically carry cash (most agent locations are located in physical stores, malls, and retail outlets which may or may not be in a physically safer area). Additionally, due to the extra costs involved to set up and maintain physical locations, cash transactions tend to get a worse foresign exchange rate (contrasted with online/digital transfers). So, another option to move money quickly from Mongolia to North Korea could be sending it to a mobile wallet. This would entail some slowness compared to cash transfers, but would be more safe.

Apart from the above, there are many other factors that can have an impact on your Mongolian Togrog to North Korean Won funds transfer speed. To arm you with all the knowledge you need to distinguish faster from slower remittance providers, we crafted a complete guide to remittances; this article touches upon everything you need to know to make the fastest money transfers to North Korea.

With so many choices available, make sure to compare various forex operators that enable you to remit money from Mongolia to North Korea. Once you understand their services and the factors that affect how fast your money can be transferred overseas, you will be able to minimize the time your money is in transit.


Which are the best money transfer companies to send money to North Korea from Mongolia?

Since the Mongolian Togrog to North Korean Won money transfer ecosystem has so many players in it, selecting the right company might not be that simple. You have so many to choose from - established organizations like Western Union and MoneyGram to multi currency bank accounts to up and coming Fintech companies. Then, there is always your local bank in Mongolia that may also be able to send money to North Korea. With all these possibilities staring at you, it can be difficult to pick the company to give your business to.

The RemitFinder remittance engine will certainly help you to chart a path forward. Once you have selected your source and destination countries, we compare numerous companies to present you with an easy to digest comparison table. Here, you can easily see which companies meet your unique needs.

To further decrease the cost of your MNT to KPW money transfers, we also source exclusive coupons and promotions from various remittance providers. This will increase the final amount your recipient in North Korea gets, so make sure to factor in deals as a part of your decision making process to select the best provider for your next Mongolia to North Korea transaction.


Step by step guide to transfer money to North Korea from Mongolia

The first step to send money to North Korea from Mongolia 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 MNT to KPW 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 North Korea if paying via ACH direct deposit or bank transfer.
  • Enter your sending amount, and initiate a transaction.
  • Pay for your transaction via your Mongolia bank account or alternative methods like a debit card.
  • Sit back and relax, and see your money travel to North 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 Mongolia to North Korea.