About this pair
KRW/MYR: what to know
The KRW/MYR rate shows how much MYR you get for 1 KRW. Right now, 1 KRW buys 0.00303394 MYR at the mid-market rate. In the other direction, 1 MYR is worth 329.6048 KRW.
In the short term KRW is driven mainly by tech exports and global risk appetite, while MYR responds to commodity prices and regional demand.
The South Korean Won (KRW) is issued by Bank of Korea. “Won” shares a root with yen and yuan, meaning “round”. The Malaysian Ringgit (MYR) is issued by Bank Negara Malaysia. “Ringgit” means “jagged”, after the milled edges of old Spanish silver dollars.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.