Compare today's KRW to MGA (South Korean Won to Malagasy Ariary) exchange rates
Interbank Exchange Rate: 1 KRW = 3.0454 MGA
Updated about an hour ago
Found 2 Remittance Service Providers
1000 KRW =
3 023.10 MGA
Transfer Limit (KRW): No Limits
Indicative Rate1 KRW = 3.0231 MGA
📢 B2B transfers only
1000 KRW =
2 962.60 MGA
Transfer Limit (KRW): 0 - 6000000
Locked-In Rate1 KRW = 2.9626 MGA
0 Remit Service Providers did not match the search criteria.
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 Korean Won to Malagasy Ariary money transfers
Easily compare money transfer providers in one place to send money from South Korea to Madagascar. Send money overseas to your loved ones by comparing South Korean Won (KRW) to Malagasy Ariary (MGA) 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 Madagascar from South Korea, we currently have 2 remittance service providers available.
Airwallex currently offers the most competitive rate for sending money to Madagascar and their 1 KRW to MGA exchange rate today is 3.0231.
The next best South Korean Won to Malagasy Ariary exchange rate today for money transfers to Madagascar is offered by GME Remittance (1 KRW = 2.9626 MGA).
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 Korea.
Were you looking to send money from Madagascar to South Korea 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 KRW to MGA Conversion Rates
Here are some latest KRW to MGA (South Korean Won to Malagasy Ariary) exchange rates for popular conversion amounts*.
| 1 KRW | 3.05 MGA |
| 5 KRW | 15.23 MGA |
| 10 KRW | 30.45 MGA |
| 25 KRW | 76.13 MGA |
| 50 KRW | 152.27 MGA |
| 100 KRW | 304.54 MGA |
| 150 KRW | 456.81 MGA |
| 200 KRW | 609.08 MGA |
| 250 KRW | 761.35 MGA |
| 300 KRW | 913.62 MGA |
| 400 KRW | 1,218.16 MGA |
| 500 KRW | 1,522.70 MGA |
| 600 KRW | 1,827.24 MGA |
| 700 KRW | 2,131.78 MGA |
| 800 KRW | 2,436.32 MGA |
| 1,000 KRW | 3,045.40 MGA |
| 1,500 KRW | 4,568.10 MGA |
| 2,000 KRW | 6,090.80 MGA |
| 2,500 KRW | 7,613.50 MGA |
| 3,000 KRW | 9,136.20 MGA |
| 4,000 KRW | 12,181.60 MGA |
| 5,000 KRW | 15,227.00 MGA |
| 10,000 KRW | 30,454.00 MGA |
| 15,000 KRW | 45,681.00 MGA |
| 20,000 KRW | 60,908.00 MGA |
| 30,000 KRW | 91,362.00 MGA |
| 40,000 KRW | 121,816.00 MGA |
| 50,000 KRW | 152,270.00 MGA |
| 100,000 KRW | 304,540.00 MGA |
*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 to Madagascar from South Korea?
Sending money internationally to Madagascar from South Korea 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 South Korean Won to MGA 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 Madagascar. 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 Malagasy Ariary.
How to get the best exchange rate for your money transfers from South Korea to Madagascar?
Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Madagascar from South Korea. 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 KRW to Malagasy Ariary 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 South Korea to Madagascar corridor to give you more good choices for your next MGA money transfer. This way you do not miss out on additional options to potentially save more.
What's the cheapest way to transfer money from South Korea to Madagascar?
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 South Korea to Madagascar 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 South Korean Won to Malagasy Ariary 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 South Korea to Madagascar 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 KRW to MGA remittances.
How to send money from South Korea to Madagascar through a bank?
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 KRW to MGA 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 South Korea to Madagascar 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 Madagascar from South Korea. They do this by letting you fund your transaction through your local bank account in South Korea, and by allowing you to choose the payout to be your recipient's bank account in Madagascar. But, you are likely to get much better rates and lower fees compared to your bank.
How to send money to Madagascar from South Korea fast?
It could be a stressful experience if you need to rush money quickly from South Korea to Madagascar. 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 KRW to MGA. 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 Malagasy Ariary. 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 South Korea to Madagascar money transfers.
Which are the best money transfer companies to send money to Madagascar from South Korea?
South Korea to Madagascar money transfer space is highly competitive, and there are numerous remittance service providers competing for your business. Given that, how do you ensure you are choosing the best company when you send money overseas?To be able to make an informed decision, the first thing you would want to do is to be aware of your selection criteria. For example, do you need the money to reach Madagascar as fast as possible? Are you sending a small or large amount? Do you prefer fixed exchange rates or are comfortable with indicative rates? And so on. Honing your preferences will help you decide which remittance company to go with.
Once you have defined your parameters, selecting the best South Korean Won to Malagasy Ariary money transfers is easy. Simply punch in your country combination on RemitFinder, and compare numerous companies quickly to be able to select the ones that match your preferences.
Step by step guide to send money from South Korea to Madagascar
There are many important aspects of South Korea to Madagascar remittances that will impact the yield you get. The most important one is the selection of the best money transfer company. For this, you can rely on RemitFinder's expertise in searching and comparing many global companies to present you many options in one simple, easy to understand view.Once you have honed down on the company you want to go with, the below step by step tutorial will help you execute your transfer in an effective manner.
- Step 1 - Create your account with the chosen remittance company. Please be aware that you will likely be asked for identification documents and personal information. This is an important step for the company to ensure that you are a genuine person and ensure you comply with various legal regulations like anti money laundering.
- Step 2 - Provision the manner in which you will fund your remittance transaction. The forex company may accept payment in multiple ways - South Korea bank account, credit and debit cards, and sometimes even cash that you can pay with by walking into a branch or outlet.
- Step 3 - Similar to the previous step, also provision the manner in which the receiver will access the funds. The most common delivery methods include MGA bank deposit, cash pick up in a physical provider location or agent's office, mobile wallet credit and mobile airtime popup.
- Step 4 - Provision recipient details including name and address.
- Step 5 - Decide how much South Korean Won amount you want to send from South Korea.
- Step 6 - Optionally, check if there are any deals or promotions going on. You can rely on RemitFinder to provide you this information. Discounts help you save even more, so be sure to use one if available.
- Step 7 - Validate all the information for accuracy and start your transaction.