Convert KRW to MGA — live rate

Convert South Korean Wons to Malagasy Ariaries and compare the real cost of sending money.

KRW
MGA
1 KRW = 2.8390 MGA • Mid-market rate
Updated just now
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Historical KRW/MGA exchange rate

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Rates shown are indicative mid-market rates, updated regularly.

Quick reference: KRW to MGA

1 KRW → 2.84 MGA
5 KRW → 14.20 MGA
10 KRW → 28.39 MGA
50 KRW → 141.95 MGA
100 KRW → 283.90 MGA
500 KRW → 1,419.51 MGA
1,000 KRW → 2,839.02 MGA
5,000 KRW → 14,195.10 MGA

Real cost of KRW → MGA

Banks (typical) ~2% markup
Specialists 0.3–1% markup

The rate above is the mid-market rate. Banks and providers add their margin on top.

How we calculate costs

Estimated savings

On 1,000 KRW
Bank ~£20 lost
Specialist ~£8 lost
You save ~£12

*Estimate based on typical provider rates

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Currency snapshots

KRW — South Korean Won
ISO Code KRW
Symbol ₩
Central Bank The Bank of Korea
Common Notes ₩1000, ₩5000, ₩10000, ₩50000
Learn more about KRW
MGA — Malagasy Ariary
ISO Code MGA
Central Bank Banque Centrale de Madagascar
Common Notes Ar100, Ar200, Ar500, Ar1000, Ar2000, Ar5000, Ar10000
Learn more about MGA

What affects this rate? Interest rate differentials, inflation expectations, and market risk sentiment are the primary drivers.