KRW to VND exchange rate | Send money from South Korea to Vietnam

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📈 South Korea to Vietnam Money Transfer Snapshot Today

Best KRW to VND exchange rate today: VND 17.5137, offered by Airwallex
Number of money transfer providers compared: 3
Exchange rate range: VND 17.0441 to VND 17.5137
Potential savings on KRW 1000: VND 469.60
Number of deals and promo codes: 2
Mid-market^ⓘThe mid-market exchange rate (also called the interbank rate) is the real KRW to VND exchange rate before providers add their margin or fees. exchange rate: 1 KRW = VND 17.9665 (Updated about an hour ago)

See detailed South Korea to Vietnam money transfer comparison below.

Money Transfer Providers that matched the search criteria

💡What today's KRW-VND exchange rates mean for you

Compare today's KRW-VND exchange rates and send money from South Korea to Vietnam with confidence. View the latest exchange rates, read detailed provider reviews, and discover deals and promo codes — all in one place.

We compared 3 providers facilitating South Korea to Vietnam money transfers today. Here is how the market looks like right now:

Today's Most Competitive South Korea to Vietnam Providers

🥇 Airwallex with 1 KRW = 17.5137 VND (best KRW to VND exchange rate today).

🥈 GME Remittance offering 1 KRW = 17.5086 VND.

🥉 Skrill Money Transfer is also pricing KRW-VND competitively today.

The exchange rate provided by these 3 providers ranges from VND 17.0441 to VND 17.5137. For a KRW 1000 money transfer from South Korea to Vietnam, that could mean up to VND 469.60 saved on FX alone.

KRW-VND exchange rates fluctuate throughout the day, and top positions can change quickly. This can significantly impact the final VND payout that your recipient gets in Vietnam.

That's why we recommend comparing money transfer providers to ensure you can maximize the value of your South Korea to Vietnam remittances.

🔄 Looking for the reverse route? Send money from Vietnam 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.

👇 Look beyond today's KRW-VND exchange rate — historical pricing trends show how they can affect the overall transfer cost of your transfer.

Whilst the exchange rate matters, long-term pricing patterns show that exchange rate markup, transfer fees, and payment and delivery methods can significantly influence your final payout.

Below, we analyze South Korea to Vietnam historical remittance data to help you understand where costs may arise and strategies to potentially maximize your VND payout.

Data-driven cost insights for South Korea to Vietnam money transfers

When you send money internationally from South Korea to Vietnam, the key factors that will influence the overall cost of your transaction are:

KRW-VND exchange rate
Transfer fee
Payment method
Delivery method

Ideally, you would want to optimize these 4 factors to try to get the maximum VND payout for your overseas recipient in Vietnam.

Another counter-balancing aspect is money transfer speed. If you need to rush money from South Korea to Vietnam, you may have to compromise on some or all of the above factors.

To put these factors into a better perspective with a data-driven approach, we have analyzed historical remittance pricing¹ for the South Korea to Vietnam corridor, comparing total transfer costs, FX margins, fees, and payment and delivery methods across providers.

This historical analysis based on actual KRW-VND transfer data could prove useful in identifying the lowest-cost funding options and payout combinations, thereby helping you reduce transfer costs and maximize the amount received.

Before we deep dive, here are the key trends from our analysis, summarized in an easy to read manner.

📌 Key insights for South Korea to Vietnam money transfers

Typical total cost: 4.02% (range -1.28% to 10.10%, spread 11.38 pp)
Potential value difference: On a KRW 240000 transfer, that spread can save you up to KRW 27,312.00.
FX markup (exchange rate margin): 0.70% (range -2.53% to 1.94%, spread 4.47 pp)
Average transfer fee: KRW 7,975.15 (range KRW 0.00 to KRW 21,801.00)
Cheapest payment/delivery method combo: Bank Account Transfer → Bank Deposit (3.89% avg cost); most expensive is Bank Account Transfer → Cash Pickup (6.00%)
Method choice impact: Cheapest vs most expensive combo differs by about 2.11 percentage points.
Market coverage: ~12 active providers (competition level: competitive)
Typical speed: About 47 hours (~2.0 days)

What to do next: Compare providers using both exchange rate and fees, then optimize your payment and delivery methods to reduce total cost.

Below, we provide various useful and detailed insights for South Korea to Vietnam money transfers.

📈 KRW to VND exchange rate markup can be the biggest hidden cost

The exchange rate on your South Korea to Vietnam money transfers can often be the single biggest factor that will determine your overall KRW cost and your recipient's VND payout.

To analyze exchange rates, we will rely on the exchange rate markup (also called FX margin) which is the difference between the mid-market^ⓘThe mid-market exchange rate (also called the interbank rate) is the real KRW to VND exchange rate before providers add their margin or fees. exchange rate and the exchange rate you receive.

Based on 325 pricing observations across 12 providers over the last 3 years (for a KRW 240000 money transfer benchmark), we see the following exchange rate markup ranges for South Korean Won to Vietnam transfers:

Average exchange rate markup: 0.70%
Median exchange rate markup: 0.96%
Lowest observed markup: -2.53%^ⓘA negative markup generally represents a promotional exchange rate whereby a provider offers an exchange rate that is even higher than the mid-market rate, often on smaller amounts.
Highest observed markup: 1.94%

That is an FX markup spread of 4.47 percentage points between the lowest and highest observed exchange rate markups.

This spread is important because FX markup is not consistent across providers or payment methods. In other words, a "good deal" on one day or transfer amount can look very different on another.

For example, on a KRW 240000 transfer, the above markup range is equivalent to roughly VND 10,728.00 purely from differences in the exchange rate. That incremental saving can be VND 26,596.50 for a KRW 595000 transfer.

How to use this insight: When comparing providers for South Korea to Vietnam international remittances, always compare the exchange rate you receive (not just fees). A small difference in the FX markup can outweigh fees quickly, and the impact typically grows as transfer amounts increase.

KRW to VND exchange rate can be the single most critical cost determining factor for your transfer. When comparing providers, pay close attention to the rate you will get.

💰 Transfer fees influence your total South Korea to Vietnam remittance cost

Whilst exchange rate is a major factor affecting total percentage cost, the transfer fee itself can also have a major impact on how much of your South Korean Won amount actually reaches your recipient in Vietnam.

Based on 325 pricing observations across 12 providers over the last 3 years (KRW 240000 benchmark), we notice the following fee patterns for South Korean Won to Vietnam money transfers:

Average transfer fee: KRW 7,975.15
Median transfer fee: KRW 7,000.00
Lowest observed fee: KRW 0.00
Highest observed fee: KRW 21,801.00

On a KRW 240000 transfer, the average fee amount of KRW 7,975.15 represents 3.32% of the total amount sent.

Looking at the overall fee variation, even if two providers provide similar exchange rates, a worst case transfer fee can reduce the final payout by KRW 21,801.00 on the same transfer amount.

For larger transfers, fixed fees generally become less significant as a percentage of the total amount. But for smaller transfers, fees can represent a substantial portion of total cost.

How to use this insight: For your next money transfer from South Korea to Vietnamese Dong, look for providers that provide lower (or even 0) fees.

One caveat to this, though, is something called the hidden fee. Some providers may hide their fees by providing lower exchange rates (referred to as a hidden fee), so you should also keep an eye on rates whilst paying attention to fees.

💸 Payment and delivery methods matter for KRW-VND remittances

Based on our detailed analysis of historical pricing on the South Korea to Vietnam corridor, we see meaningful variation in overall cost depending on the payment method and delivery method you choose.

Based on 325 pricing observations across 12 providers over the last 3 years (KRW 240000 money transfer benchmark), the lowest-cost payment and delivery options consistently differ from the highest-cost ones.

For example, here is the average cost variation for popular payment methods used to send money to Vietnam from South Korea:

Bank Account Transfer: 3.95%
Cash: 5.75%

That is a total spread of 1.79 percentage points.

This means that on a KRW 240000 KRW-VND transfer, you could save (or lose) up to KRW 4,305.12 simply by choosing from amongst the available payment methods.

The savings will only multiply for higher KRW amounts.

Similarly, here is the average cost of popular delivery methods used to send money to Vietnam:

Bank Deposit: 3.89%
Cash Pickup: 5.86%

The difference between the above delivery methods is 1.97 percentage points.

Once again, this means that you could save up to KRW 4,738.32 on a KRW 240000 transfer to Vietnam by choosing Bank Deposit versus Cash Pickup.

As you can imagine, the possible combinations of South Korea payment methods and Vietnam delivery methods will all have disparate cost associated with them. Let us look at that next.

Here is a summary table that shows the average cost of payment and delivery method combinations for South Korea to VND money transfers.

Payment Method	Delivery Method	Avg cost (%)
Bank Account Transfer	Bank Deposit	3.89
Cash	Cash Pickup	5.75
Bank Account Transfer	Cash Pickup	6.00

Combinations are sorted by average total cost % (cheapest to most expensive).

As you can see, the cost differential between these KRW-VND payment and delivery options is significant. To put this in further perspective:

Bank Account Transfer → Bank Deposit has the lowest average cost at 3.89%.
Bank Account Transfer → Cash Pickup has the highest average cost at 6.00%.
Bank Account Transfer → Bank Deposit average cost is 2.11 percentage points lower than Bank Account Transfer → Cash Pickup.
This means that on a KRW 240000 money transfer, you could save up to KRW 14,392.80 simply by choosing the best payment and delivery method combo.
Further, on a KRW 595000 money transfer, the savings increase to KRW 35,682.15.

Here is a quick summary of the average historical cost of various payment and delivery methods for KRW to Vietnam money transfers.

💸 Cheapest payment and delivery methods (data-backed)

Cheapest payment method: Cost of Bank Account Transfer averaged 3.95%, compared to 5.75% for Cash, a difference of 1.79 percentage points.
Cheapest delivery method: Cost of Bank Deposit averaged 3.89%, compared to 5.86% for Cash Pickup (1.97 percentage points higher).
Cheapest combo: Cost of Bank Account Transfer → Bank Deposit averaged 3.89%, which is 2.11 percentage points lower than Bank Account Transfer → Cash Pickup (6.00%).

How to use this insight: As you compare money transfer providers for your next South Korea to Vietnam international money transfer, strive to pair the lowest-cost payment method with the lowest-cost delivery method.

This approach can help you avoid a common remittance pitfall of "cheap exchange rate, expensive methods" that can raise total cost even when the headline exchange rate looks attractive.

You can save money on your South Korea to Vietnam remittances by carefully choosing the most economical payment and delivery methods.

🏦 Are banks more expensive than specialist providers for KRW-VND money transfers?

We compared traditional banks with specialist money transfer providers based on 3 years of pricing data for South Korea to Vietnam transfers (KRW 240000 benchmark), and noticed some patterns.

Interestingly, on the South Korea to Vietnam remittance corridor, traditional banks are 0.93 percentage points cheaper on average than specialist money transfer providers.

In other words, specialist money transfer companies are approximately 0.81x more expensive than banks on average for this benchmark.

Here are the key stats behind this comparison:

	Banks	Specialists	Difference
Average transfer fee	KRW 7,564.39	KRW 9,752.82	KRW -2,188.43
Exchange rate markup	0.70%	0.71%	-0.02 pp
Average total cost (%)	3.85%	4.77%	-0.93 pp

How to use this insight: Historical data shows that banks in South Korea can be competitive in this corridor. However, pricing still varies by provider, transfer amount, and method — so comparing options can still be beneficial.

📊 Does sending more reduce the cost of KRW-VND money transfers?

To see if transfer cost varies based on the amount sent, we compared the average costs of sending KRW 240000 vs KRW 595000 from South Korea to Vietnam.

We found that sending the higher amount (KRW 595000) tends to be cheaper - average cost drops from 4.02% to 2.16%, a reduction of 1.86 percentage points.

It is possible that the cost may continue to drop for higher transfer amounts. That said, always check the latest exchange rates and fees for your transfer amount.

How to use this insight: Since it is generally cheaper to send higher South Korean Won amounts to Vietnam, consider consolidating smaller, more frequent transfers into fewer, larger sends as doing so may reduce the total cost you pay.

🏛 How competitive is the South Korea to Vietnam remittance market?

Based on 325 pricing observations over the last 3 years (KRW 240000 money transfer benchmark), the KRW-VND corridor is served by 12 active providers on an average.

With 12 providers serving this market, we consider the level of competition in this corridor to be competitive.

Traditional banks represent 58.3% of active providers in this corridor (7 out of 12), suggesting a bank-heavy market structure.

Banks and specialist providers have a fairly balanced presence in this corridor: banks account for 58.3% of providers (7 out of 12).

A corridor with more active providers is typically more competitive, which can translate into better pricing and more payment and delivery options for your South Korea to Vietnam remittances.

⏱️ How fast are KRW-VND money transfers?

Transfer speed can matter just as much as cost, especially when your recipient in Vietnam needs funds urgently.

Based on 325 historical pricing observations across 12 providers over the last 3 years (KRW 240000 benchmark), here is what we see for South Korea to Vietnam transfers:

Typical transfer time: About 47 hours (~2.0 days).
Fastest transfer time: About less than 1 hour.
Slowest transfer time: About 96 hours (~4.0 days).
Average speed at KRW 240000: About 47 hours (~2.0 days).
Average speed at KRW 595000: About 47 hours (~2.0 days).

Banks vs money transfer providers: We observed that banks take on average 18 hours longer than specialist money transfer providers on this corridor.

How to use this insight: If you need to send money from South Korea to Vietnam in a hurry, compare providers not just on exchange rate, but also on expected speed. Speed often varies by payout method (bank vs cash vs wallet) and local rails in Vietnam.

On the South Korea to Vietnam corridor, delivery speed can vary across providers, so it is worth comparing transfer speed alongside total cost for time-sensitive money transfers.

Frequently Asked Questions about South Korea to Vietnam money transfers

These FAQs use data from RemitFinder's historical analysis of South Korea to Vietnam money transfers over several years.

What factors affect the total cost of sending money from South Korea to Vietnam?

KRW-VND exchange rate markup, transfer fees, payment method and delivery method all affect total cost.

The total cost of your KRW-VND money transfer depends on how you fund the transaction (payment method), how the recipient receives it (delivery method), the exchange rate markup applied, and any transfer fee charged by the provider. You can generally avoid overpaying by comparing various providers.

How much does the exchange rate markup affect South Korea to Vietnam transfers?

KRW-VND exchange rate markup can significantly affect your final payout.

Historical South Korean Won to VND FX markup ranges from -2.53% to 1.94%, a spread of 4.47 percentage points. As you can see, even small differences in the exchange rate markup can easily outweigh fees.

Can KRW-VND exchange rate markup be negative?

Yes, negative markup can occur for South Korea to Vietnam transfers, usually representing a promotional rate.

In some cases, providers may offer promotional exchange rates that are better than the mid-market rate, resulting in a negative KRW-VND exchange rate markup. These offers are typically limited in size, eligibility, or duration. Compare providers to see if you can take advantage of such special offers.

Is the exchange rate or the fee more important for South Korea to Vietnam transfers?

Both exchange rate markup and transfer fees matter for KRW-VND transfers — their relative impact changes with transfer amount.

Exchange rate markup ranges from -2.53% to 1.94% (a spread of 4.47 percentage points). Transfer fees range from KRW 0.00 to KRW 21801.00, which equals roughly 9.08 percentage points of a KRW 240000.00 transfer.

At KRW 240000.00, the larger driver of overall cost variation is the transfer fee, whilst at KRW 595000.00, it shifts toward exchange rate markup.

But regardless, our recommendation is that it is important to compare both exchange rates and fees when choosing a provider for South Korea to Vietnam transfers.

As the transfer amount increases, the % impact of fees often decreases (because the fee gets spread across a larger KRW amount), whilst exchange rate markup remains a percentage-based cost that can scale with transfer size.

For smaller transfers, fees can matter more, whilst for larger transfers, exchange rate markup often becomes the bigger driver. Either way, comparing both helps you get the most VND for your KRW.

How much can South Korea to Vietnam transfer costs vary between providers?

Transfer costs can vary significantly depending on provider and method.

Historical transfer costs range from -1.28% to 10.10% for KRW transfers to Vietnam. That is a spread of 11.38 percentage points, meaning the difference between providers can be material.

A major contributor to this variation is exchange rate markup. Markup alone ranges from -2.53% to 1.94% (a spread of 4.47 percentage points). Even small differences in FX margin, therefore, can significantly change the final VND payout.

Why does the same KRW transfer cost different amounts when sending VND to Vietnam?

Payment method, delivery method, exchange rate markup, and fees all affect total KRW-VND cost.

Costs vary because providers apply different South Korean Won exchange rate markups, charge different transfer fees, and offer different payment and delivery methods. Even small differences amongst all these factors can significantly change the final payout in VND in Vietnam.

How stable are transfer costs in the South Korea to Vietnam corridor?

Money transfer costs can vary meaningfully across providers and methods in the South Korea to Vietnam market.

When we analyzed the historical total cost for KRW-VND transfers, we observed a range from -1.28% to 10.10% (11.38 percentage points), along with a variability (standard deviation) of about 2.16%.

A major driver of cost in this market is exchange rate markup. Markup ranges from -2.53% to 1.94% (4.47 percentage points), with a standard deviation of about 0.57%. Fees and method choices can contribute to further volatility.

This reinforces why comparing money transfer providers and their services can matter when it comes to getting the most of your KRW-VND transfers.

Which payment method is cheapest for South Korea to Vietnam remittances?

Bank Account Transfer is the cheapest payment method in South Korea based on average cost.

Bank Account Transfer averages 3.95% of total cost compared to Cash at 5.75%, a difference of 1.79 percentage points.

Based on this, we recommend paying for your KRW transfer with Bank Account Transfer, and avoiding Cash if possible.

Which delivery method is cheapest for KRW-VND money transfers?

Bank Deposit is the cheapest delivery method in Vietnam on average.

Bank Deposit averages 3.89% total cost compared to Cash Pickup at 5.86%, a spread of 1.97 percentage points.

If your recipient in Vietnam can accept Bank Deposit, we recommend choose it as your preferred delivery option for KRW-VND transfers.

Is Bank Deposit cheaper than Cash Pickup for South Korea to Vietnam transfers?

Bank Deposit is cheaper on average for transfers to Vietnam.

For KRW transfers to Vietnam, Bank Deposit averages 3.89% versus 5.86% for Cash Pickup, a difference of 1.97 percentage points. To save more, consider choosing the cheapest delivery option for Vietnam.

What is the cheapest way to send money from South Korea to Vietnam?

For KRW-VND transfers, Bank Account Transfer → Bank Deposit has the lowest-cost combination on average.

We evaluated 3 payment and delivery method combinations in the South Korea to Vietnam remittance market.

Based on historical averages, Bank Account Transfer → Bank Deposit costs about 3.89% on average. At the other end of the spectrum, Bank Account Transfer → Cash Pickup is the most expensive combination at about 6.00% on average.

The spread between the cheapest and most expensive method combinations is approximately 2.11 percentage points when sending KRW to Vietnam.

Money transfer providers tend to price payment and delivery methods for South Korea to Vietnam remittances differently. As you compare options, look for the cheapest payment-delivery method combo to maximize the value of your KRW-VND transfers.

Does sending more money reduce the cost for South Korea to Vietnam transfers?

Larger KRW-VND transfers are cheaper as a percentage on average.

The cost of a KRW 240000 transfer averages 4.02% as compared to 2.16% for a KRW 595000 transfer, a difference of 1.86 percentage points.

Note that transfer cost can change quickly based on the KRW amount you send, so ensure to carefully compare providers.

How long does it take to send money from South Korea to Vietnam?

Most KRW-VND transfers complete in about 47 hours (~2.0 days).

Based on our analysis, the average transfer time is 47 hours (~2.0 days), with the fastest transfers completing in less than one hour and the slowest in 96 hours (~4.0 days).

Are instant transfers available from South Korea to Vietnam?

Yes, some transfers to Vietnam from South Korea can complete in less than one hour.

Historical data shows that certain providers can complete transfers in under one hour.

Note that the actual speed of your KRW-VND transfer will depend on the chosen provider, payment method, delivery method, and eligibility checks.

Are banks more expensive than money transfer companies for South Korea to Vietnam?

Banks in South Korea are competitive and can be cheaper than specialist money transfer providers here.

Banks average 3.85% total cost compared to 4.77% for specialist money transfer providers in South Korea, a difference of -0.93 percentage points.

How competitive is the South Korea to Vietnam remittance market?

On an average, there have been 12 active providers facilitating KRW-VND transfers.

Based on historical data, the competition level in South Korea to Vietnam is considered competitive with 12 active providers.

Specialist money transfer providers represent about 41.7% of identified providers in South Korea.

Do I risk overpaying if I do not compare providers for South Korea to Vietnam?

The difference between providers servicing South Korea to Vietnam can be meaningful, especially as the KRW transfer amounts increase.

Historically, total KRW-VND transfer cost has varied by about 11.38 percentage points. On a KRW 240000 transfer, that can translate to roughly KRW 27312.00 in savings.

KRW-VND exchange rate markup also varies across providers. The average markup spread has been about 4.47 percentage points. On a KRW 240000 transfer, that is roughly KRW 10728.00 saved from FX alone.

Fees can also make a big difference in this market. The fee difference across providers has been about KRW 21801.00 traditionally.

That is why comparing providers can materially change how much of the KRW you send does your recipient receive in Vietnam in Vietnam.

Latest KRW to VND Conversion Rates

Here are some latest KRW to VND (South Korean Won to Vietnamese Dong) exchange rates for popular conversion amounts*.

1 KRW	17.97 VND
5 KRW	89.83 VND
10 KRW	179.67 VND
25 KRW	449.16 VND
50 KRW	898.33 VND
100 KRW	1,796.65 VND
150 KRW	2,694.98 VND
200 KRW	3,593.30 VND
250 KRW	4,491.63 VND
300 KRW	5,389.95 VND
400 KRW	7,186.60 VND
500 KRW	8,983.25 VND
600 KRW	10,779.90 VND
700 KRW	12,576.55 VND
800 KRW	14,373.20 VND
1000 KRW	17,966.50 VND
1500 KRW	26,949.75 VND
2000 KRW	35,933.00 VND
2500 KRW	44,916.25 VND
3000 KRW	53,899.50 VND
4000 KRW	71,866.00 VND
5000 KRW	89,832.50 VND
10000 KRW	179,665.00 VND
15000 KRW	269,497.50 VND
20000 KRW	359,330.00 VND
30000 KRW	538,995.00 VND
40000 KRW	718,660.00 VND
50000 KRW	898,325.00 VND
100000 KRW	1,796,650.00 VND

*Based on the Mid-market^ⓘThe mid-market exchange rate (also called the interbank rate) is the real KRW to VND exchange rate before providers add their margin or fees. Exchange Rate. Actual payout may vary based on the chosen money transfer provider.

¹ Based on 325 pricing observations across 12 firms over the last 3 years for a KRW 240000 money transfer from South Korea to Vietnam. Data Source: The World Bank, Remittance Prices Worldwide, available at http://remittanceprices.worldbank.org.

How we analyze remittance data?
Insights are derived from the World Bank's Remittance Prices Worldwide dataset, which collects standardized provider pricing information at defined transfer amounts.
We aggregate this data across multiple providers and multi-year periods to calculate averages, medians, and variability measures in order to identify consistent pricing patterns for the South Korea to Vietnam remittance corridor.
RemitFinder does not modify the underlying World Bank data. The analysis presented here is independently calculated from published datasets and is intended for informational and comparison purposes only.

Compare today's KRW to VND (South Korean Won to Vietnamese Dong) exchange rates