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HKD to MYR - Compare Exchange Rates

Hong Kong Dollar to Malaysian Ringgit - Convert Compare Save

The total cost you are charged by your foreign exchange provider consists of the margin from the mid-rate offered plus any fixed or percentage fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

Compare HKD/MYR Exchange Rates

The below table is a snapshot of the costs charged by FX specialists and banks when making an International Money Transfer from HKD to MYR. The total costs are calculated against the latest mid-market rate.

Foreign Transfer Providers
Ratings & Reviews
Receive MYR(RM)Exchange RateFee HKDTotal CostTransfer ServicesTransfer SpeedDeal Links
 
WorldFirst logo
25,130 MYR0.502603.2%Bank Transfers - Online & Phone1-2 days
 
OFX logo
25,100 MYR0.5020 for BER users (normally $60)3.31%Bank Transfers - Online & Phone1-2 days
DBS Bank logo
24,840 MYR0.4973504.31%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
DBS Bank logo Citibank logo HSBC logo
24,572 MYR0.4919555.35%Online, Branch, Bank Transfers2-3 days
HSBC logo
24,496 MYR0.4907$805.64%Online, Branch, Bank Transfers2-3 days
Citibank International Money Transfers
Citibank logo
24,379 MYR0.4877126.09%Online, Branch, Bank Transfers2-3 days
WorldFirst: Foreign Transfer HKD→MYR
HKD amount:$50,000 HKD
Fee:
Exchange Rate:0.5026 (3.2% from mid-rate)
MYR amount:25,130 MYR
Total Cost:3.2%
Time:1:06 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
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:0.5020 (3.31% from mid-rate)
MYR amount:25,100 MYR
Total Cost:3.31%
Difference:
RM30 less than using WorldFirst
Time:
Rate Fetched: Mon Feb 18 2019 00:17:26 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.8/5.0
Reviews:
DBS Bank: Foreign Transfer HKD→MYR
HKD amount:$50,000 HKD
Fee:50
Exchange Rate:0.4973 (4.22% from mid-rate)
MYR amount:24,840 MYR
Total Cost:4.31%
Difference:
RM290 less than using WorldFirst
Time:1:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
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:0.4932 (5.01% from mid-rate)
MYR amount:24,572 MYR
Total Cost:5.35%
Difference:
RM558 less than using WorldFirst
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
HSBC: Foreign Transfer HKD→MYR
HKD amount:$50,000 HKD
Fee:$80 HKD (Minimum fee)
Exchange Rate:0.4907 (5.49% from mid-rate)
MYR amount:24,496 MYR
Total Cost:5.64%
Difference:
RM634 less than using WorldFirst
Time:1:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
Citibank: Foreign Transfer HKD→MYR
HKD amount:$50,000 HKD
Fee:12
Exchange Rate:0.4877 (6.07% from mid-rate)
MYR amount:24,379 MYR
Total Cost:6.09%
Difference:
RM751 less than using WorldFirst
Time:1:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Note we do not compare every single provider in the market, we compare a selection of established, reputable foreign exchange providers & banks who are regulated as financial payment services. We may receive referral fees if you choose one of these providers however this will not affect the exchange rates or fees you are charged.
Rate snapshot: 02/18/2019

HKD to MYR mid-rate = 0.5195

Right now the HKD/MYR market mid-rate is 0.5195 and represents ideally how many Malaysian Ringgit you can get for one Hong Kong Dollar.

This HKD/MYR Converter calculates equivalent Hong Kong Dollar to Malaysian Ringgit amounts at the market mid-rate:

HKD / MYR mid-rate converter


$HKD


RMMYR
1 Hong Kong Dollar equals
0.5195 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 0.5195 MYR
5 HKD 2.5975 MYR
10 HKD 5.1950 MYR
20 HKD 10.39 MYR
50 HKD 25.98 MYR
100 HKD 51.95 MYR
250 HKD 129.88 MYR
500 HKD 259.75 MYR
1,000 HKD 519.50 MYR
2,000 HKD 1,039.00 MYR
5,000 HKD 2,597.50 MYR
10,000 HKD 5,195.00 MYR
50,000 HKD 25,975.00 MYR
100,000 HKD 51,950.00 MYR
See more

Hong Kong Dollar

Malaysian Ringgit

1.9249 HKD 1 MYR
9.6245 HKD 5 MYR
19.25 HKD 10 MYR
38.50 HKD 20 MYR
96.25 HKD 50 MYR
192.49 HKD 100 MYR
481.23 HKD 250 MYR
962.45 HKD 500 MYR
1,924.90 HKD 1,000 MYR
3,849.80 HKD 2,000 MYR
9,624.50 HKD 5,000 MYR
19,249.00 HKD 10,000 MYR
96,245.00 HKD 50,000 MYR
192,490.00 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
10 Feb 20190.51851 Week
18 Jan 20190.52431 Month
21 Aug 20180.52206 Months
17 Feb 20180.49791 Year
17 Feb 20170.57382 Years
18 Feb 20140.42555 Years
19 Feb 20090.471510 Years

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 and forecasts for Hong Kong Dollar and Malaysian Ringgit

Whenever you are researching a particular exchange rate you are actually interested in two currencies as the value of a currency must always be quoted relative 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

27-January-19: 2018 was a reasonable year for the Hong Kong dollar. Against a basket of major currencies, HKD appreciated by 4 percent, which was much better than a near-10 percent loss in 2017. It was, though, something of a stuttering end to 2018 and HKD has had mixed fortunes in early 2019.

As is well known, HKD follows, to a large extent, developments in US monetary policy. In December, after lifting US interest rates, the Fed lowered its expectations for future hikes due to so-called “cross currents” (China, Brexit, trade wars etc.). Skepticism among analysts over future Fed hikes has for some time been the main reason for HKD pessimism for 2019, but now, there is also the prospect of a US economic slowdown to contend with.

“A slowdown in the US economy is likely to weigh on USD [and therefore HKD] in the second half of this year,” a CIBC researcher said in January.

Of the same opinion was an expert at ING, who argued that USD, and therefore HKD, would soon “embark on a gradual long-term bearish trend.”

Malaysian Ringgit (MYR) - Market news and forecasts

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

The ringgit weakened in November to a one-year low of RM4.2 per USD but had recovered slightly by the time of this report into the high RM4.17s.

Against the Singapore dollar — the currency of Malaysia’s largest trading partner — the ringgit weakened in November to 3.06 (also a one-year low at the time), before recovering to 3.043.

Among factors contributing to the ringgit’s weakness in 2018 has been political uncertainty relating to Malaysia's ruling Pakatan Harapan coalition, a 40 percent end-of-year crash in the price of oil, as well as general risk-off sentiment, driven partly by global trade tensions and most evident from a 20 percent fall in US equities prices. Higher US interest rates also make holding Malaysian currency less attractive.

“The ringgit will remain weak due to continued political uncertainty,” Fitch’s head of Asia Country Risk said in December.

For 2019 year-end, the team at TradingEconomics.com is forecasting USD/MYR and SGD/MYR at 4.19 and 3.01.

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