Loading...
Best Exchange Rates

Home pages - full list (A-Z)

HKD to MYR Calculator

Hong Kong Dollar to Malaysian Ringgit - Convert Compare Save

HKD to MYR mid-rate = 0.5355

Right now the HKD/MYR market mid-rate is 0.5355 and represents ideally how many Malaysian Ringgit you can get for one Hong Kong Dollar.

You can calculate equivalent Hong Kong Dollar to Malaysian Ringgit currency amounts (at mid-rate) below. Then select the transaction type to compare the best exchange rates available for HKD to MYR transfers or buying MYR travel money.

HKD / MYR Converter


$HKD


RMMYR
1 Hong Kong Dollar equals
0.5355 Malaysian Ringgit

Compare how much you can save on
HKD/MYR exchange rates for:

Foreign Transfers

 
 
3 Month HKD to MYR Chart
Loading HKD/MYR rates

Hong Kong Dollar

Malaysian Ringgit

1 HKD 0.5355 MYR
5 HKD 2.6775 MYR
10 HKD 5.3550 MYR
20 HKD 10.71 MYR
50 HKD 26.78 MYR
100 HKD 53.55 MYR
250 HKD 133.88 MYR
500 HKD 267.75 MYR
1,000 HKD 535.50 MYR
2,000 HKD 1,071.00 MYR
5,000 HKD 2,677.50 MYR
10,000 HKD 5,355.00 MYR
50,000 HKD 26,775.00 MYR
100,000 HKD 53,550.00 MYR
See more

Hong Kong Dollar

Malaysian Ringgit

1.8676 HKD 1 MYR
9.3380 HKD 5 MYR
18.68 HKD 10 MYR
37.35 HKD 20 MYR
93.38 HKD 50 MYR
186.76 HKD 100 MYR
466.90 HKD 250 MYR
933.80 HKD 500 MYR
1,867.60 HKD 1,000 MYR
3,735.20 HKD 2,000 MYR
9,338.00 HKD 5,000 MYR
18,676.00 HKD 10,000 MYR
93,380.00 HKD 50,000 MYR
186,760.00 HKD 100,000 MYR
See more

MYR Country Guides
MalaysiaMalaysia

Hong Kong Dollar to Malaysian Ringgit (HKD-MYR) - 10 Year History

The below table shows the historic variation in the HKD/MYR exchange rate over the last 10 years. The percentage change is the difference from the date shown to present. This lets you decide if the current rate is in your favour. You can also view our various charts of HKD versus other currencies : HKD historical charts.

DateExchange RatePeriod
02 Dec 20180.53471 Week
09 Nov 20180.53421 Month
12 Jun 20180.50866 Months
09 Dec 20170.52291 Year
09 Dec 20160.57022 Years
10 Dec 20130.41375 Years
11 Dec 20080.460210 Years

Best Rates for HKD/MYR Transfers and Travel Money

The total transaction cost you will be charged is the margin from the mid-rate offered by your foreign exchange provider plus any fixed or percentage fees. These margins and fees will vary significantly for International Money Transfers and Travel Money transactions.

You can see a sample of the margins from mid-rate in the table below which shows an example of the costs charged by FX specialist and the average bank rate when sending money transfers from HKD to MYR.

Compare HKD to MYR Foreign Transfers vs the Banks

ProvidersAmount MYR(RM)Exchange RateFee HKDTotal CostTransfer SpeedTransfer ServicesReviewsDeal Links
WorldFirst logo
25,925 MYR0.518503.14%1-2 daysOnline, Bank Account to Bank Account
 
OFX logo
25,895 MYR0.51790 for BER users (normally $60)3.25%1-2 daysOnline, Bank Account to Bank Account
 
DBS Bank logo
25,624 MYR0.513504.26%2-3 daysOnline, Branch, Bank Account to Bank Account
Average Rate:
Banks - Average Rate
DBS Bank logo Citibank logo HSBC logo
25,349 MYR0.5075555.29%2-3 daysOnline, Branch, Bank Account to Bank Account
HSBC logo
25,274 MYR0.5063$805.57%2-3 daysOnline, Branch, Bank Account to Bank Account
Citibank
Citibank logo
25,149 MYR0.5031126.04%2-3 daysOnline, Branch, Bank Account to Bank Account
WorldFirst: Foreign Transfer HKD→MYR
HKD amount:$50,000 HKD
Fee:
Exchange Rate:0.5185 (3.14% from mid-rate)
MYR amount:25,925 MYR
Total Cost:3.14%
Time:1:06 Local
Transfer Speed:1-2 days
Services:Online, Bank Account to Bank Account
Rating:
 
: 4.6/5.0
Reviews:
 
OFX: Foreign Transfer HKD→MYR
HKD amount:$50,000 HKD
Fee:0 for BER users (normally $60)
Exchange Rate:0.5179 (3.25% from mid-rate)
MYR amount:25,895 MYR
Total Cost:3.25%
Difference:
MYR30 MYR less than using WorldFirst
Time:
Rate Fetched: Fri Dec 14 2018 00:17:41 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Online, Bank Account to Bank Account
Rating:
 
: 4.8/5.0
Reviews:
DBS Bank: Foreign Transfer HKD→MYR
HKD amount:$50,000 HKD
Fee:50
Exchange Rate:0.5130 (4.17% from mid-rate)
MYR amount:25,624 MYR
Total Cost:4.26%
Difference:
MYR301 MYR less than using WorldFirst
Time:1:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Account to Bank Account
Rating:
: /5.0
Reviews:
 

Banks - Average Rate
DBS Bank logo Citibank logo HSBC logo

Foreign Transfer HKD→MYR
HKD amount:$50,000 HKD
Fee:55
Exchange Rate:0.5088 (4.95% from mid-rate)
MYR amount:25,349 MYR
Total Cost:5.29%
Difference:
MYR576 MYR less than using WorldFirst
Transfer Speed:2-3 days
Services:Online, Branch, Bank Account to Bank Account
HSBC: Foreign Transfer HKD→MYR
HKD amount:$50,000 HKD
Fee:$80 HKD (Minimum fee)
Exchange Rate:0.5063 (5.42% from mid-rate)
MYR amount:25,274 MYR
Total Cost:5.57%
Difference:
MYR651 MYR less than using WorldFirst
Time:1:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Account to Bank Account
Rating:
: /5.0
Reviews:
Citibank: Foreign Transfer HKD→MYR
HKD amount:$50,000 HKD
Fee:12
Exchange Rate:0.5031 (6.02% from mid-rate)
MYR amount:25,149 MYR
Total Cost:6.04%
Difference:
MYR776 MYR less than using WorldFirst
Time:1:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Account to Bank Account
Rating:
: /5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Rates @ 12/14/2018.
Total Cost = Fee + exchange rate margin vs HKD/MYR mid-rate: 0.5353


Why can't I just get the HKD/MYR market rate I see on Google or in the Media?

The HKD/MYR mid-rate is the rate you will see Quoted on Google or the News, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between the last rate at which the HKD / MYR was traded (bought or sold) in the international markets.

Getting a good market rate is mainly about timing however the transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

The closer your final exchange rate is to the market HKD/MYR midrate the better deal you are getting.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

The three things you need in order to get a good HKD to MYR exchange rate

  1. Know the latest HKD/MYR market mid-rate. The closer your final exchange rate is to this real market rate the better deal you are getting. You should also judge how the current rate compares to the historic rate over the past 10 years.
  2. Compare your Bank's transaction costs to several licensed FX providers, remember to compare the exchange rate margins as well as the various types of fees. We make that easy to do with our calculators for Foreign Transfers and Travel Money transactions.
  3. Review up-to-date Currency News and Forecasts for both the and currencies, if available.


Currency News, Research and Forecasts for Hong Kong Dollar and Malaysian Ringgit

Whenever you are interested in an exchange rate you are actually interested in two currencies due to the fact that the value of a currency must always be quoted in comparison to a second currency.

So it follows that if you are determining the best time to transact, in this case the HKD vs MYR, you should pay attention to both Hong Kong Dollar and Malaysian Ringgit news and forecasts.

Hong Kong Dollar (HKD) - Market news and forecasts

2018 has been a good year for the Hong Kong dollar, as it has been for the US dollar, to which it is pegged.

Entering the third week of November 2018, HKD’s year-to-date gains over six of the seven non-USD majors averaged 5.4 percent. HKD was unchanged against the yen.

At different times in 2018, HKD has benefitted from Brexit uncertainty in Europe, from inactivity on monetary policy in Oceania, and a recent collapse in the oil market, which saw its value rise against petro-currencies.

Seasonality becomes an important supporting factor for HKD approaching year-end, and especially in November. Since 2010, HKD has averaged trade-weighted gains of 1.8 percent in November and 0.2 percent in December.

By way of its USD forecasts, Citibank said in September that HKD would gain 3-4 percent over a 6-12-month period; however, gains would be followed by an 11 percent loss in the long term.

Like Citi, ING remain long-term bearish on USD and HKD. ING isn't ruling out interventions from Washington aimed at weakening the greenback. President Trump clearly would like a far weaker currency.

J.P. Morgan said in November that USD and HKD would be worth slightly more in the first half of 2019, before weakening slightly in the second half of the year.

Malaysian Ringgit (MYR) - Market news and forecasts

Like many other emerging market currencies, the ringgit has struggled in 2018.

The ringgit weakened in late September to a nine-month low of RM3.035 per Singapore dollar (the currency of Malaysia’s major trading partner). It had recovered slightly by the time of this report (October-23) to RM3.02 per SGD.

There was no recovery relative to the word’s benchmark currency, the US dollar, against which the ringgit slid in October to a ten-month low of RM4.164.

Contributing to the ringgit’s weakness this year has been trade tensions between the US and China, which threaten the outlook for global trade that the ringgit so relies upon; as well as higher US interest rates and the firmer US dollar, which make dollar-denominated loan repayments more expensive.

In October, ING warned against holding emerging market currencies like the ringgit; it suspected global trade tensions would return following November’s US mid-term elections, and these would limit possibilities for ringgit appreciation.


Currency News and Forecasts

AUD/USD Forecast at $0.75 in 3 Months’ Time; Potential for Extreme AUD/...
Pound at 20-Month Low After PM Cancels Big Brexit Vote; UK Prepares for No-...
Credit Agricole Rolls the Dice on British Pound, Is a Buyer Ahead of ...
Canadian Dollar the Star After Canada Adds 94k Jobs; Expect Bitcoin at $1,...
Canadian Dollar at Cheapest in 18 Months; Buy It Now Ahead of 2019 Rebound
More Good News for Aussie, Kiwi; Not So Great for Bitcoin