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HKD to MYR - Rate Guide

Hong Kong Dollar to Malaysian Ringgit exchange rates aren't all the same.

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

 

1 HKD = 0.5379 MYR

   Sell HKD / Buy MYR  Switch

HKD to MYR - Trading Range (90 Day)
ALERT: 90-DAY HIGHS 🔔 |
HKD/MYR at 0.5379 was trading 1.5% above the 90-day average 0.5299 with a range 0.522 to 0.538. ALERT: HKD/MYR has risen to 90-DAY HIGHS.
21-Feb 5PM-NY 10PM-LON | 22-Feb 9AM-SYD

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Quick Conversions from Hong Kong Dollar to Malaysian Ringgit

HKD

MYR

HK$ 1
RM 0.5379
HK$ 5
RM 2.6895
HK$ 10
RM 5.3790
HK$ 20
RM 10.76
HK$ 50
RM 26.90
HK$ 100
RM 53.79
HK$ 250
RM 134.48
HK$ 500
RM 268.95
HK$ 1,000
RM 537.90
HK$ 2,000
RM 1,076
HK$ 5,000
RM 2,690
HK$ 10,000
RM 5,379
HK$ 50,000
RM 26,895
HK$ 100,000
RM 53,790
More amounts

HKD

MYR

HK$ 1.8590
RM 1
HK$ 9.2950
RM 5
HK$ 18.59
RM 10
HK$ 37.18
RM 20
HK$ 92.95
RM 50
HK$ 185.90
RM 100
HK$ 464.75
RM 250
HK$ 929.50
RM 500
HK$ 1,859
RM 1,000
HK$ 3,718
RM 2,000
HK$ 9,295
RM 5,000
HK$ 18,590
RM 10,000
HK$ 92,950
RM 50,000
HK$ 185,900
RM 100,000
More amounts

To calculate specific HKD/MYR amounts use our Convert HKD to MYR quick calculator.


Comparing Foreign Exchange Providers

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, Travel Money and prepaid multi-currency Travel Card transactions.

The Exchange rate you are offered can also vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for HKD/MYR International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
Foreign Transfer ProvidersReceive MYR(RM)Exchange RateFee HKDTotal CostDeal Links
OFX logo
25,800 RM0.5160 for BER users (normally $15)4.07%
DBS Bank logo
25,529 RM0.5111505.08%
Banks - Average Rate
DBS Bank logo Citibank logo HSBC logo
25,256 RM0.5056556.09%
HSBC logo
25,180 RM0.5044HK$806.38%
Citibank International Money Transfers
Citibank logo
25,059 RM0.5013126.83%
WorldRemit logo
Your amount above the WorldRemit HKD2000 maximum
 
OFX logo
OFX: Foreign Transfer HKD→MYR
From Amount (HKD)HK$50,000
Fee:0 for BER users (normally $15)
Exchange Rate:0.5160 (4.07% from mid-rate)
To Amount (MYR)25,800 RM
Total Cost:4.07%
Time:
Rate Fetched: Sun Feb 23 2020 00:17:31 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
DBS Bank logo
DBS Bank: Foreign Transfer HKD→MYR
From Amount (HKD)HK$50,000
Fee:50
Exchange Rate:0.5111 (4.98% from mid-rate)
To Amount (MYR)25,529 RM
Total Cost:5.08%
Difference:
RM271 MYR less than using OFX
Time:1:09 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer HKD→MYR
From Amount (HKD)HK$50,000
Fee:55
Exchange Rate:0.5070 (5.74% from mid-rate)
To Amount (MYR)25,256 RM
Total Cost:6.09%
Difference:
RM544 MYR less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
HSBC logo
HSBC: Foreign Transfer HKD→MYR
From Amount (HKD)HK$50,000
Fee:HK$80 HKD (Minimum fee)
Exchange Rate:0.5044 (6.23% from mid-rate)
To Amount (MYR)25,180 RM
Total Cost:6.38%
Difference:
RM620 MYR less than using OFX
Time:1:09 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Citibank logo
Citibank: Foreign Transfer HKD→MYR
From Amount (HKD)HK$50,000
Fee:12
Exchange Rate:0.5013 (6.8% from mid-rate)
To Amount (MYR)25,059 RM
Total Cost:6.83%
Difference:
RM741 MYR less than using OFX
Time:1:09 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
WorldRemit logo
WorldRemit: Foreign Transfer HKD→MYR
From Amount (HKD)HK$50,000
Fee:
Transfer Speed:1 day
Services:Bank Transfers & Cash Pickup - Online only
Rating:
 
: 4.5/5.0
Reviews:
 
Snapshot 02/23/2020 - View latest rates
 

Country Guides (HKD & MYR)

Hong KongHong Kong (HKD)MalaysiaMalaysia (MYR)

HKD and MYR in the Markets

When determining the best time to make a foreign exchange transaction, in this case the HKD vs MYR, you should pay attention to the recent market trends for both currencies.

Hong Kong Dollar (HKD)

The Hong Kong dollar has gained value in 2019 despite the recent protests and also serious escalation in US-China trade tensions, mainly because the US dollar, to which HKD is pegged, is attracting safe-haven inflows. By May-17, against a basket of important currencies, HKD was worth 2 percent more year-to-date, and was only 0.5 percent away from making a 2-year high.

HKD was doing particularly well against the Australian dollar. It was, at the time of writing, valued 18 percent higher than 2018 lows against AUD and needed only a further 2.3 percent to reach a 10-year high. Though HKD was meeting significant resistance in mid-May at the 5.4 per AUD level, a break of this could spark significant appreciation.

Read more in the article HKD Forecasts.

 

Malaysian Ringgit (MYR)

Malaysia was added to a US watchlist of suspected currency manipulators in May. Though that means little right now in terms of economic implications, it added to negative sentiment, which then spurred a rise in USD/MYR to a 6-month high (MYR low) of RM4.2.

Among factors contributing to the ringgit’s weakness over the past year has been political uncertainty relating to Malaysia’s ruling Pakatan Harapan coalition, late-2018’s crash in oil prices, global trade tensions and higher US interest rates.

Read more in the article MYR Forecasts.


How to get Best HKD to MYR Exchange Rates

All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate).

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

What is a good HKD to MYR exchange rate?

This is a difficult question and the answer really depends on many factors. The best way to consider an exchange rate's relative value is to look at the rate's history.

The following table looks at the change in the HKD to MYR exchange rate to the present day for periods going back upto 10 years.

PeriodHKD/MYRDate
1 Day0.533216 Feb 2020
7 Day0.533410 Feb 2020
30 Day0.522018 Jan 2020
3 Month0.531119 Nov 2019
1 Year0.520517 Feb 2019
5 Year0.465318 Feb 2015
10 Year0.439119 Feb 2010

When is the best time to exchange HKD to MYR?

Getting a good market rate is all about timing to help with this you can use BER Smart Alerts to make the most of currency movements.

Rather than requiring you to set a target rate, our rate alerts work differently. We check for daily high/lows and changes (up/down) over a range of periods up to 90 days rather than requiring you to set target rates.

Setup myBER FX Alerts

We help you Save Money on Exchange Rates.

 

View all HKD Exchange Rates