South Korean Won to MVR — KRW to MVR
KRW to MVR Converter
KRW/MVR Rate — Last 30 Days
KRW edged up 0.90% this week — modest gains, no strong directional signal.
The 7-day average rate is below the 30-day average — recent momentum favors MVR strengthening vs KRW. The trend may continue until a catalyst (rate decision, economic data) reverses it.
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Rate Statistics
| Period | High | Low | Average |
|---|---|---|---|
| 7 days | 0.0101 | 0.0099 | 0.0100 |
| 30 days | 0.0104 | 0.0099 | 0.0101 |
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Set a target rate — we email you when KRW/MVR hits it. Checked every 15 minutes.
Historical KRW/MVR Rates by Year
What drives the KRW/MVR rate?
Whether you're converting KRW for travel, business, or investment, here's what drives the KRW to MVR exchange rate. The KRW/MVR exchange rate is determined by supply and demand in global currency markets, influenced by interest rate decisions from both central banks, economic data releases, inflation figures, and broader risk sentiment in financial markets. Trade flows between the two countries or regions also play an important role in long-term rate direction.
How to get the best KRW to MVR rate
The rate shown above is the interbank mid-market rate — the real exchange rate used between financial institutions. Individual customers cannot access this rate directly. Banks typically add a 2–3% spread on top, meaning you receive significantly less than the rate shown.
Online transfer services like Wise offer rates very close to the interbank rate with a small transparent fee of 0.5–1%. On a $1,000 KRW exchange this typically saves $15–25 compared to a bank. Airport exchange booths charge the highest fees — often 5–8% above the interbank rate — and should be avoided for large amounts.