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MYR to HKD 2024 Forecasts

Analysis of recent Ringgit → Hong Kong dollar forecasts for 2024. We collate forecasts from respected FX analysts together with the latest Malaysian ringgit to Hong Kong dollar performance and trends.

 

Forecasts for MYR to HKD

 

FX analysts have differing views on the future direction of the Malaysian Ringgit (MYR) against the Hong Kong Dollar (HKD). Some forecasters suggest that the MYR may continue to weaken against a strong US Dollar, potentially reaching levels towards 4.95 against the USD. This outlook is influenced by expectations of sustained USD strength impacting the MYR negatively. On the other hand, the HKD is expected to see a relatively stable month ahead, with the Hong Kong Monetary Authority (HKMA) maintaining unchanged monetary policy and interest rates. Despite some challenges in the Hong Kong economy, including lower year-on-year inflation and weaker GDP growth, the HKD has demonstrated resilience.

In the context of these forecasts, the recent price data shows the MYR to HKD trading near 14-day highs around 1.6475, close to its 3-month average. Additionally, the MYR could be influenced by oil price movements, which have been trending higher recently, reaching 90-day highs near 83.62 USD. The MYR's relative strength could be supported by the recovery of the tourism sector and the potential for increased interest from expatriates and foreign investors due to the cheaper Ringgit and Malaysia's lower cost of living. Meanwhile, the HKD's stability may continue to be underpinned by the HKMA's monetary policy stance and the currency's resilience despite economic challenges in Hong Kong.

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MYR to HKD Market Data

Malaysian ringgit (MYR) to Hong Kong dollar (HKD) market data - latest interbank exchange rate, trend, chart & historic rates.

 
1 MYR =
1.6497We compare provider deals to this wholesale mid-market rate. Read more
HKD
+0.5%
📈2W
MYR to HKD is at 14-day highs near 1.6498, just 0.8% below its 3-month average of 1.6626, having traded in a quite stable 4.3% range from 1.6297 to 1.6997
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Compare & Save - Malaysian ringgit to Hong Kong dollar

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Malaysian ringgit (MYR) to Hong Kong dollar (HKD) rates from different sources before making a conversion.

Use our MYR to HKD calculator to see how much you could save on your international money transfers. makes it easy to compare the Total Cost you are being charged on Ringgit to Hong Kong dollar currency rates and the possible savings of using various providers.

 
DateMYR/HKDChangePeriod
16 Feb 2024
1.6364
0.8% 2 Week
02 Dec 2023
1.6717
1.3% 3 Month
02 Mar 2023
1.7539
5.9% 1 Year
03 Mar 2019
1.9264
14.4% 5 Year
04 Mar 2014
2.3666
30.3% 10 Year
06 Mar 2004
2.0493
19.5% 20 Year
MYR/HKD historic rates & change to 01-Mar-2024
 

Will the Malaysian ringgit rise against the Hong Kong dollar?

It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

To help with this you can add MYR/HKD to your personalised Rate Tracker to track and benefit from currency movements.

 
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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

Keep track of currency Trends; Up📈 or Down📉 trends over periods from 1 week (1W) to 3 months (3M).

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending


 

Read our Currency guide to Hong Kong - a practical currency and money guide to travel, living and doing business in Hong Kong with the Hong Kong dollar.

 
 

Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more