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