Compare today's KRW to ZAR (South Korean Won to South African Rand) exchange rates
📈 South Korea to South Africa Money Transfer Snapshot Today
- Best KRW to ZAR exchange rate today: ZAR 0.0112, offered by Airwallex
- Number of money transfer providers compared: 2
- Exchange rate range: ZAR 0.0111 to ZAR 0.0112
- Potential savings on KRW 1000: ZAR 0.10
- Number of deals and promo codes: 2
- Mid-market
ⓘThe mid-market exchange rate (also called the interbank rate) is the real KRW to ZAR exchange rate before providers add their margin or fees. exchange rate: 1 KRW = ZAR 0.0114 (Updated about an hour ago)
See detailed South Korea to South Africa money transfer comparison below.
Money Transfer Providers that matched the search criteria
1000 KRW =
11.20 ZAR
Transfer Limit (KRW): No Limits
Indicative Rate1 KRW = 0.0112 ZAR
📢 B2B transfers only
1000 KRW =
11.10 ZAR
Transfer Limit (KRW): 0 - 6000000
Locked-In Rate1 KRW = 0.0111 ZAR
Money Transfer Providers that 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.
💡What today's KRW-ZAR exchange rates mean for you
Compare today's KRW-ZAR exchange rates and send money from South Korea to South Africa after comparing numerous money transfer providers. Check the latest exchange rates, read detailed provider reviews, and discover deals and promo codes — all in one place.
RemitFinder compared 2 providers that you can rely on for South Korea to South Africa money transfers today. Here is a summary of how the competition looks like right now:
Today's Most Competitive South Korea to South Africa Providers
🥇 Airwallex with 1 KRW = 0.0112 ZAR (best KRW to ZAR exchange rate today).
🥈 GME Remittance offering 1 KRW = 0.0111 ZAR.
The exchange rate provided by these 2 providers ranges from ZAR 0.0111 to ZAR 0.0112. For a KRW 1000 money transfer from South Korea to South Africa, that could mean up to ZAR 0.10 saved on FX alone.
KRW-ZAR exchange rates fluctuate throughout the day, and top positions can change quickly. This volatility can significantly impact the final ZAR payout that your recipient gets in South Africa.
That's why we recommend comparing money transfer providers to ensure you can maximize the value of your South Korea to South Africa remittances.
🔄 Looking for the reverse corridor? Send money from South Africa to South Korea instead.
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.
Latest KRW to ZAR Conversion Rates
Here are some latest KRW to ZAR (South Korean Won to South African Rand) exchange rates for popular conversion amounts*.
| 1 KRW | 0.01 ZAR |
| 5 KRW | 0.06 ZAR |
| 10 KRW | 0.11 ZAR |
| 25 KRW | 0.29 ZAR |
| 50 KRW | 0.57 ZAR |
| 100 KRW | 1.14 ZAR |
| 150 KRW | 1.71 ZAR |
| 200 KRW | 2.28 ZAR |
| 250 KRW | 2.85 ZAR |
| 300 KRW | 3.42 ZAR |
| 400 KRW | 4.56 ZAR |
| 500 KRW | 5.70 ZAR |
| 600 KRW | 6.84 ZAR |
| 700 KRW | 7.98 ZAR |
| 800 KRW | 9.12 ZAR |
| 1000 KRW | 11.40 ZAR |
| 1500 KRW | 17.10 ZAR |
| 2000 KRW | 22.80 ZAR |
| 2500 KRW | 28.50 ZAR |
| 3000 KRW | 34.20 ZAR |
| 4000 KRW | 45.60 ZAR |
| 5000 KRW | 57.00 ZAR |
| 10000 KRW | 114.00 ZAR |
| 15000 KRW | 171.00 ZAR |
| 20000 KRW | 228.00 ZAR |
| 30000 KRW | 342.00 ZAR |
| 40000 KRW | 456.00 ZAR |
| 50000 KRW | 570.00 ZAR |
| 100000 KRW | 1,140.00 ZAR |
*Based on the Mid-market Exchange Rate
What's the best way to do South Korea to South Africa money transfers?
Foreign exchange rates fluctuate by the second, much like equities listed on the stock market. Given that, it might seem like a daunting task to determine the best timing to transfer money from South Korea to South Africa. We ensure that you are getting the best rate and sending money at the right time with trusted money transfer companies when you transfer South Korean Won to ZAR.You can rely on RemitFinder to do the hard work of searching for the best companies specializing in sending money abroad for you. Our remittance comparison platform helps you spot the best options to send KRW to ZAR in South Africa. Every company listed on our site is an established business that our team evaluates to make sure you get access to the best exchange rates.
With RemitFinder, you can also take advantage of numerous offers and discounts that our partners provide to maximize the power of your money transfers to South Africa from South Korea. We provide you with maximum choices to send money to South Africa by comparing competing money transfer companies thereby making you the winner in the end.
How to get the best exchange rate for your money transfers from South Korea to South Africa?
Just like the cryptocurrency market, the foreign exchange market is constantly fluctuating. On top of that, there are so many new service providers on the global remittance landscape. This may make it hard for remitters to find the best ways to send money to South Africa from South Korea.At RemitFinder, we have tried to solve this exact problem - how to give you access to good choices for your KRW to South African Rand remittances. We do all the hard work to search and compare numerous multi currency banks, foreign exchange services, remittance service providers, etc., to ensure you can use the best possible vehicles to send money overseas.
You can also register for our daily rate alert to stay aware of the latest exchange rates for KRW to ZAR remittances. Our rate alert is totally free, and is a great way to save your previous time and make the most of your hard earned money. We do the hard work so you do not have to manually search and compare money transfer companies.
What's the cheapest way to send money from South Korea to South Africa?
The final amount your recipient gets when you send KRW to ZAR 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 South Korea to South Africa 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 African Rand 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 South Korean Won to South Africa 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 South Korea to South Africa?
Bank transfers have been a traditionally popular way to send money overseas from South Korea to South Africa. But, with the explosion of so many Fintech startups specializing in remittances, it is worth asking yourself if you should still be using your bank for sending funds internationally.In general, banks tend to charge much higher fees compared to newer remittance companies that specialize in online operations. It is also possible that the KRW to ZAR exchange rate you get from your bank may not be the best. In fact, high fees and below par exchange rates are two of the most popular ways banks make money on remittances.
We, therefore, recommend that before you use your South Korea bank for your South Africa money transfers, you explore various other options to carefully review your total cost (represented by transaction fees) as well as the exchange rate you will get. Combined, these two factors will have a direct impact on how much money your recipient gets from your transaction.
What is the fastest way to do a money transfer to South Africa from South Korea?
If you need to convert KRW to ZAR 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 South Korea to South Africa 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 South Korean Won to South African Rand 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 South Africa.
With so many choices available, make sure to compare various forex operators that enable you to remit money from South Korea to South Africa. 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 from South Korea to South Africa?
Since the South Korean Won to South African Rand 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 Korea that may also be able to send money to South Africa. 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 KRW to ZAR money transfers, we also source exclusive coupons and promotions from various remittance providers. This will increase the final amount your recipient in South Africa 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 Korea to South Africa transaction.
Step by step guide to send money from South Korea to South Africa
Follow the below easy steps to send money to South Africa from South Korea.- 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 South Korea 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 Africa).
- 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.
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.