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  1. Exchange Rates
  2. Hong Kong dollar (HKD)
  3. Malaysian ringgit (MYR)

Convert HKD to MYR at Best Exchange Rates

There are three important types of information that you need to know if you are to have any chance of getting the best possible HKD / MYR rate :

  1. Find the Market HKD to MYR mid-rate - the starting point.
  2. Check your FX provider's transaction costs, these include exchange rate margins plus various types of fees. These margin and fee costs vary for Foreign Transfers and Travel Money transactions.
  3. Review up-to-date Currency News, Research and Forecasts for both currencies.

1. Market HKD/MYR mid-rate

The closer your final exchange rate is to the market HKD/MYR midrate the better deal you are getting.
1 Hong Kong dollar equals
Malaysian ringgit 1HKD=MYR

Right now the HKD/MYR market rate is and represents how many Malaysian ringgit you can get for one Hong Kong dollar.

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. The closer your final exchange rate is to the market HKD/MYR midrate the better deal you are getting. It is actually just the theoretical half-way point (hence mid-rate) between the last rate at which the currencies were exchanged in a transaction (bought or sold) in the international markets.

HKD to MYR Exchange Rate Calculator

$
RM
1 HKD equals
MYR 1HKD=MYR

Compare rates for: Foreign Transfers    Travel Money

Get fee-free global money transfers with our partner OFX
Loading HKD/MYR Chart

Hong Kong dollar to Malaysian ringgit (HKD-MYR) Recent History

WhenExchange RateDate
1 Week ago0.49518 Apr 2018
1 Month ago0.49626 Mar 2018
6 Months ago0.543527 Oct 2017
1 Year ago0.561825 Apr 2017
2 Years ago0.504225 Apr 2016
5 Years ago0.391126 Apr 2013
10 Years ago0.404927 Apr 2008

There are three important types of information that you need to know if you are to have any chance of getting the best possible HKD / MYR rate :

  1. Market HKD to MYR mid-rate - the starting point.
  2. Transaction costs, these include exchange rate margins plus various types of fees. These margin and fee costs vary for Foreign Transfers and Travel Money transactions.
  3. Up-to-date Currency News, Research and Forecasts for Hong Kong dollar and Malaysian ringgit.

1. Market HKD/MYR mid-rate

Right now the HKD/MYR market rate is and represents how many Malaysian ringgit you can get for one Hong Kong dollar.

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.

1 Hong Kong dollar equals
Malaysian ringgit 1=

2. Transaction Costs - Margins and Fees for HKD/MYR Foreign Exchange

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

HKD to MYR Foreign Transfer - Costs Compared

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.

Sending a LARGER international money transfer? Request a Free Multi-Vendor Quote

Compare Foreign Transfers

Sending HKD 50,000 to MYR

 OFX (prev. ClearFX)
1HKD=0.4801MYR
RM23,976 MYR (3.88%)
Book & track your foreign transfers online (24/7) with industry best rates for all your deals - not just the first one! Lock in exchange rates with Spot & Forward Deals. BestExchangeRates users get the transfer fees waived.
Price Details
Receive: RM23,976 MYR
Exchange Rate: 0.4801
(Inverse 1MYR=HKD 2.0829)
Fees: HKD 60
Total Cost : 3.88% (from mid-rate: 0.4989)
This is the amount of money that could be received by your transfer at rate HKD/MYR=0.4801 and inclusive of the fee of HKD 60.
Rate timestamp : Wed Apr 25 2018 14:23:41 GMT+0000 (UTC)
Bank Rates - Average
1HKD=0.4767MYR
RM23,828 MYR (4.48%)
This is the average HKD to MYR International Transfer exchange rate and fees from multiple banks for FX rates available over the counter and also via Internet Banking.

 
Price Details
Receive: RM23,828 MYR
Exchange Rate: 0.4767
(Inverse 1MYR=HKD 2.0978)
Fees: HKD 15
Total Cost : 4.48% (from mid-rate: 0.4989)
Receive MYR RM148 less than with   OFX
This is the amount of money that could be received by your transfer at rate HKD/MYR=0.4767 and inclusive of the fee of HKD 15.

Travel Money HKD to MYR - Costs Compared

The below table shows an example of the margins and possible savings when you order travel money online with a currency specialist versus the average bank, kiosk or post office rate to buy foreign cash.


Buy Travel Money from Travelex

Our other partners aren't publishing any live HKD/MYR rates right now.

You can calculate with the latest HKD/MYR market rate (Interbank mid-rate).


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.

Our real-time comparison calculators make shopping around easy and help you calculate how much you can save.

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

When you look up the current Hong Kong dollar to Malaysian ringgit exchange rate on the web the figure you find quoted on sites like google or mentioned on TV is commonly referred to as the mid-market rate.

Getting a great HKD to MYR mid-market rate is all about timing, so unless you are able to wait, watch and time the market this is largely beyond your control. This rate will go up and down with varying amounts of volatility depending on the currency pair.

This mid-market rate is really only a reference and is just the starting point for calculating the actual rate you will get for your transaction, luckily we can also use this same rate to determine how good a deal a rate that a provider offers you actually is.

You can use the below HKD to MYR calculator to convert currency amounts using the latest mid-market exchange rates. Then choose your transaction type for specific Hong Kong dollar cross rates and reviews of leading foreign exchange providers versus the Banks.


3. 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 is always determined quoted in comparison to another 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

In March, the Hong Kong dollar weakened to the extreme of its allowed trading range, at 7.85 per US dollar, marking the point at which the Hong Kong Monetary Authority must step in to defend the currency.

The Hong Kong dollar has fallen to multi-decade lows due to a widening of the US-Hong Kong interest rate differential. Despite the HKMA raising interest rates in step with the US Federal Reserve, rates paid on Hong Kong dollars have remained low over the past fifteen months due to abundant liquidity in Hong Kong’s financial system; meanwhile, rates paid on US dollars have risen steadily. For large investors, this provides an incentive to exchange (sell) borrowed Hong Kong dollars for higher-yielding US dollars.

Due to Hong Kong’s sizeable foreign exchange reserves, which are among the largest in the world, a speculative attack on the USD/HKD peg is unlikely.

In March, the Hong Kong dollar also stood close to long-term lows against both the Japanese yen and euro.

Malaysian ringgit (MYR) - Market news and forecasts

The ringgit had a strong start to 2018. The currency climbed in early April to a 2-year high against the dollar (3.856), to an 11-month high against the euro (4.727) and to a 21-month high against the Australian dollar (2.957). At the time of this report, the ringgit was Asia’s second best performing currency of the year.

Investors will have to suffer greater volatility in ringgit markets in the second quarter, thinks the team at UOB, due to growing trade tensions between the US and China, which threatens the outlook of export-driven Asian economies like Malaysia. Any significant escalation of trade tensions might see investors sell the ringgit as they seek the relative safety of dollars, euros, yen and similar currencies. The ringgit will, however, be among the most resilient Asian currencies in the face of a trade war, says the bank, due to favourable domestic growth drivers.

UOB expects the ringgit to strengthen further by year-end to 3.8 per dollar.