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

Compare today's ZAR to KRW (South African Rand to South Korean Won) exchange rates

South Africa
South Korea
ZAR

Interbank Exchange Rate: 1 ZAR = 90.2832 KRW
Updated about an hour ago

Found 2 Remittance Service Providers

OFX
Read more about OFX
(*)★★ (*)★★ (*)★★ (*)★★ ( )★★
1000 ZAR =
89 780.50 KRW
Transfer Limit (ZAR): No Limits
Locked-In Rate1 ZAR = 89.7805 KRW
Get 10 free transfers
CURRENCYFAIR
Read more about CurrencyFair
( )★★ ( )★★ ( )★★ ( )★★ ( )★★
1000 ZAR =
89 382.00 KRW
Transfer Limit (ZAR): 100 - 99000000
Indicative Rate1 ZAR = 89.3820 KRW
First 3 transfers free for RemitFinder users

If you are making international business money transfers or payments, RemitFinder can assist by matching you with the best options to suit your unique business needs. Get in touch now to see how we can help protect your business revenue by getting you higher exchange rates and lower transfer fees on international business FX.





All you need to know about South African Rand to South Korean Won money transfers

Easily compare money transfer providers in one place to send money from South Africa to South Korea. Send money overseas to your loved ones by comparing South African Rand (ZAR) 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.

When making a money transfer to South Korea from South Africa, we currently have 2 remittance service providers available.

OFX currently offers the most competitive rate for sending money to South Korea and their 1 ZAR to KRW exchange rate today is 89.7805.

The next best South African Rand to South Korean Won exchange rate today for money transfers to South Korea is offered by CurrencyFair (1 ZAR = 89.3820 KRW).

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 South Africa.

Were you looking to send money from South Korea to South Africa 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 ZAR to KRW Conversion Rates

Here are some latest ZAR to KRW (South African Rand to South Korean Won) exchange rates for popular conversion amounts*.

1 ZAR90.28 KRW
5 ZAR451.42 KRW
10 ZAR902.83 KRW
25 ZAR2,257.08 KRW
50 ZAR4,514.16 KRW
100 ZAR9,028.32 KRW
150 ZAR13,542.48 KRW
200 ZAR18,056.64 KRW
250 ZAR22,570.80 KRW
300 ZAR27,084.96 KRW
400 ZAR36,113.28 KRW
500 ZAR45,141.60 KRW
600 ZAR54,169.92 KRW
700 ZAR63,198.24 KRW
800 ZAR72,226.56 KRW
1,000 ZAR90,283.20 KRW
1,500 ZAR135,424.80 KRW
2,000 ZAR180,566.40 KRW
2,500 ZAR225,708.00 KRW
3,000 ZAR270,849.60 KRW
4,000 ZAR361,132.80 KRW
5,000 ZAR451,416.00 KRW
10,000 ZAR902,832.00 KRW
15,000 ZAR1,354,248.00 KRW
20,000 ZAR1,805,664.00 KRW
30,000 ZAR2,708,496.00 KRW
40,000 ZAR3,611,328.00 KRW
50,000 ZAR4,514,160.00 KRW
100,000 ZAR9,028,320.00 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 South Africa to South Korea money transfers?

It can be very confusing when sending money from South Africa to South Korea given so many choices. Additionally, South African Rand to KRW exchange rates fluctuate all the time. Remitfinder gives you the option to compare money transfers companies to choose the best exchange rate among this volatility while making the best deals and promotions available to you.

Choose South Africa to South Korea as your country combination and click search. We then compare many money transfer companies to bring you the best exchange rates to send money to South Korea from South Africa. In one single place, you can easily compare many providers to see which one is the best option for your next transfer.

To further help you maximize the return on your money, our partners add various promotions and discounts on our site. You can take advantage of various deals we have for South African Rand to South Korean Won remittances.


How to get the best exchange rate for your money transfers from South Africa to South Korea?

One of the key factors in getting the best rate for your next money transfer is awareness of what your choices are. With so many remittance service providers out there, you would want to choose the one that suits your needs best for sending money to South Korea.

The RemitFinder comparison platform compares several forex service providers so you can get the maximum return on your South Africa to South Korea transfer. Simply search for your countries and inspect various options in one place. This will allow you to decide which company is the most appropriate one for you.

You may also want to sign up for our free exchange rate alert for your ZAR to South Korean Won money transfers. This way, you can get notified of the best rates on a daily basis, and send money when rates are higher.


What's the cheapest way to transfer money from South Africa to South Korea?

When you want to send money to South Korea from South Africa, you obviously want the cheapest possible option to maximize the money your recipient gets in South Korean Won. Transaction speed, security and privacy concerns notwithstanding, your biggest lever to make the most of your hard earned money is relying on the cheapest ways to do your ZAR to KRW money transfers.

Some of the traditional ways to send money may not be the cheapest options available. For example, a particular company may seem like a convenient way to do international funds transfers from South Africa to South Korea. But it is entirely possible that you may end up paying high fees as well as get sub optimal exchange rate on your foreign currency transaction.

That is why it is very useful to rely on the RemitFinder remittance comparison platform to see what are the cheapest money transfer options for getting the best South Africa to South Korea exchange rate. You also get access to many promotions and discounts from our partners; these offers help to reduce your cost and may be a major differentiator in helping you choose the most cost effective way to send South Korean Won overseas.


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

One of the first thoughts that may come to your mind when sending money overseas could be to rely on your bank to execute your South Africa to South Korea money transfer transaction. While there is convenience involved in using your bank (after all, you have an account with your bank already, and could even initiate the transfer from the comfort of your home using mobile banking), it is advisable to compare some other options as well.

With the increased penetration of the internet into our lives, a lot of financial transactions have also moved online. For example, we pay our bills, buy all types of commodities, book our vacation, and enjoy all types of entertainment over the internet. It is, therefore, no surprise that the global remittance ecosystem also has a significant digital footprint. Especially for a popular market like ZAR to KRW transfers.

Given this, there are umpteen additional options to send money to South Korea instead of just your South Africa bank. It is very likely that many money transfer companies are offering better exchange rates compared to your bank, as well as potentially lower fees. If that is the case, you could maximize the value of your South African Rand even more so that your recipient in South Korea gets the maximum amount.


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

The first thing to do when you need to convert ZAR to KRW quickly is to compare various banks, foreign exchange companies and remittance service providers to see which ones can meet your transaction timing requirements. Once you identify the right provider, it's easy to do the actual transaction.

The harder part might be how to identify which providers can execute fast funds transfers between South African Rand and South Korean Won. While every company may have variations in how fast they will finish your money transfer, there are some general guidelines that may help you identify the fastest provider. For example, how you fund your transfer will have a direct impact on transaction speed. Similarly, if your recipient has to pick up cash from a far away location, or there are bank holidays going on, it may take longer for your funds to arrive.

To help demystify the unknowns in the end to end South Africa to South Korea remittance process, you can study this detailed guide to money transfers. Awareness of all the intricacies of overseas funds transfers will help you make the right decisions to realize the fastest possible choices to send money to South Korea.


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

Since the South African Rand to South 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 South Africa that may also be able to send money to South 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 ZAR to KRW money transfers, we also source exclusive coupons and promotions from various remittance providers. This will increase the final amount your recipient in South 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 South Africa to South Korea transaction.


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

With so many possible ways to transfer South African Rand to South Korean Won, and exchange rates that are changing by the second, it can be difficult to make the best choice to save time and money. RemitFinder's online remittance comparison platform helps you find the best companies to move your funds abroad.

Once you have picked the right company for your South Africa to South Korea remittance transaction, you can follow the below step by step procedure.

  • Create an account at your chosen operator.
  • You may be asked for photo IDs and address proofs; please provide these as they help the operator ensure legal and regulatory compliance.
  • Add bank accounts for both the sender in South Africa and the receiver in South Korea. Using bank deposits can be the cheapest option to send money.
  • Decide when you want to send money and the transfer amount. When ready, choose the amount and start your transaction.
  • At this point, you are pretty much done, and the operator will take it on from here.
  • Watch out for updates from the operator on the progress of your transaction.

We also recommend that you have more than one remittance company in your portfolio so you can maximize the return on your ZAR to South Korean Won money transfers. This way, you can pick whoever is the best at the time you are ready to initiate your transaction.