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Best HKD to MYR Exchange Rates Compared Live

The best HKD to MYR exchange rate is 0.6048. Compare foreign transfer and currency exchange rates, find better rates & deals.

HKD-MYR Best Exchange Rate Calculator
 

Comparing HKD-MYR exchange rates

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

The above Hong Kong dollar to Ringgit comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged vs the latest HKD-MYR mid-rate (see below) and the possible savings of using another provider.

 
 

HKD to MYR Market Data

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

 
1 HKD =
0.6048We compare provider deals to this wholesale mid-market rate. Read more
MYR
+0.3%
HKD to MYR at 0.6051 is just above its 3-month average, having traded in a quite stable 4.3% range from 0.5883 to 0.6136
|
Sell HKD   →   Buy MYR
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DateHKD/MYRPeriod
10 Mar 2024
0.5991
2 Week
25 Dec 2023
0.5931
3 Month
25 Mar 2023
0.5643
1 Year
26 Mar 2019
0.5191
5 Year
27 Mar 2014
0.4245
10 Year
29 Mar 2004
0.4874
20 Year
HKD/MYR historic rates
 

What are equivalent amounts of HKD and MYR?

Here are some popular conversion amounts for HKD to MYR (Hong Kong dollar to Malaysian ringgit)*.

HKD MYR
HK$ 1 RM 0.6048
HK$ 5 RM 3.0240
HK$ 10 RM 6.0480
HK$ 20 RM 12.10
HK$ 50 RM 30.24
HK$ 100 RM 60.48
HK$ 250 RM 151.20
HK$ 500 RM 302.40
HK$ 1,000 RM 604.80
HK$ 2,000 RM 1,210
HK$ 5,000 RM 3,024
HK$ 10,000 RM 6,048
HK$ 20,000 RM 12,096
HK$ 50,000 RM 30,240
HK$ 100,000 RM 60,480
HKD MYR
HK$ 1.6533 RM 1
HK$ 8.2665 RM 5
HK$ 16.53 RM 10
HK$ 33.07 RM 20
HK$ 82.67 RM 50
HK$ 165.33 RM 100
HK$ 413.33 RM 250
HK$ 826.65 RM 500
HK$ 1,653 RM 1,000
HK$ 3,307 RM 2,000
HK$ 8,267 RM 5,000
HK$ 16,533 RM 10,000
HK$ 33,066 RM 20,000
HK$ 82,665 RM 50,000
HK$ 165,330 RM 100,000

More amounts

*Converted at the current HKDMYR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.

 
 

Forecasts for HKD to MYR

 

Based on recent forecasts and market updates for the Hong Kong Dollar (HKD) and the Malaysian Ringgit (MYR), the outlook seems to suggest a relatively stable period for the HKD but a potential weakening trend for the MYR against a strong USD. The HKD is expected to be influenced by factors such as the local economic recovery, government measures to support the property market, and the Federal Reserve's stance on interest rates. Despite some fluctuations, the HKD has held its strength relatively well in February, only experiencing a slight dip towards the end of the month.

Read our full review of recent HKD to MYR forecasts.

 

How to get a good HKD to MYR exchange rate

There are several ways to save on exchange rates when converting Hong Kong dollar to Malaysian ringgit:

  1. Shop around for the best HKD/MYR exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
  2. Timing is important: Keep an eye on the HKD/MYR rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
  3. Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
  4. Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both HKD and MYR at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
  5. Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.

The key is reducing excessive costs and fees

Generally speaking, if you are buying Malaysian ringgit with Hong Kong dollar, then it's better for the HKD/MYR exchange rate to be higher.

However working against you are the fees all foreign exchange providers charge for providing their service. These fees 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.

It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.

Will the Hong Kong dollar rise against the Malaysian ringgit?

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 HKD/MYR 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 Malaysia - a practical currency and money guide to travel, living and doing business in Malaysia with the Malaysian ringgit.

 
 
 

Currency Country Guides

Hong KongHong Kong (HKD)MalaysiaMalaysia (MYR)
 

How is the expat life in Malaysia?

The expat life in Malaysia can be quite comfortable, depending on where you live. Most expats live in urban areas like Kuala Lumpur, where they have access to international schools, western supermarkets, and hospitals. There are also many expat-friendly activities and events in the city.

Any laws in Malaysia that foreigners should be aware of?

There are several laws in Malaysia that foreigners should be aware of, such as the Sedition Act, the Communications and Multimedia Act, and the Official Secrets Act.

Read more at our Malaysia (MYR) country guide

   
 
 

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

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