Convert South Korean Won to Malagasy Ariary (KRW to MGA)
Real-time mid-market exchange rates, Bank of Korea figures, and Korean commercial banking spreads.
Conversion Tables
Convert KRW to MGA
| KRW | MGA |
|---|---|
| 10,000 KRW | 32,850.50 MGA |
| 25,000 KRW | 82,126.25 MGA |
| 50,000 KRW | 164,252.50 MGA |
| 100,000 KRW | 328,505.00 MGA |
| 250,000 KRW | 821,262.49 MGA |
| 500,000 KRW | 1,642,524.99 MGA |
| 1,000,000 KRW | 3,285,049.97 MGA |
Convert MGA to KRW
| MGA | KRW |
|---|---|
| 10,000 MGA | 3,044.09 KRW |
| 25,000 MGA | 7,610.23 KRW |
| 50,000 MGA | 15,220.47 KRW |
| 100,000 MGA | 30,440.94 KRW |
| 250,000 MGA | 76,102.34 KRW |
| 500,000 MGA | 152,204.69 KRW |
| 1,000,000 MGA | 304,409.37 KRW |
South Korean Foreign Exchange Overview
The South Korean Won (KRW, symbol "₩") is the official currency of the Republic of Korea, issued and maintained by the Bank of Korea (BOK). South Korea operates a free-floating exchange rate system, with deep liquidity across spot, forward, and non-deliverable forward (NDF) interbank markets.
Currency exchange transactions in South Korea are seamlessly supported by nationwide commercial banks (Shinhan, KB Kookmin, Hana, Woori), specialized licensed money exchange booths in high-density shopping districts like Seoul Myeongdong, and 24/7 bank booths across Incheon International Airport (ICN). ATMs connected to the global Cirrus and Plus networks accept international debit cards nationwide.
Frequently Asked Questions
What is the official exchange rate between South Korean Won and Malagasy Ariary?
The current mid-market exchange rate is 1 KRW = 3.2850 MGA (1 MGA = 0.3044 KRW) as of October 6, 2026.
Where can I exchange KRW in South Korea or internationally?
You can exchange South Korean Won at major South Korean commercial banks (Shinhan Bank, KB Kookmin, Hana Bank, Woori Bank), authorized private money changers in Seoul (such as Myeongdong and Dongdaemun), or at airport exchange counters at Incheon (ICN) and Gimpo (GMP) international airports.
What are the cash declaration rules when traveling to or from South Korea?
Under Korea Customs Service and Foreign Exchange Transactions Act regulations, travelers entering or departing South Korea carrying physical currency, traveler's checks, or securities exceeding 10,000 USD (or foreign currency / won equivalent) must declare it in writing to customs.