1 MYR = 1.8739 HKD
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What's in this Malaysian Ringgit to Hong Kong Dollar guide?
To calculate specific MYR/HKD amounts use our Convert MYR to HKD 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 MYR/HKD International Money Transfers. Costs are calculated against the current interbank mid-rate.
| Foreign Transfer Providers | Receive HKD(HK$) | Exchange Rate | Fee MYR | Total Cost | Deal Links |
|---|---|---|---|---|---|
 | 18,652 HK$ | 1.8748 | RM51 | 0.61% | |
 | 18,542 HK$ | 1.8542 | 0 for BER users (normally $15) | 1.2% | |
Banks - Average Rate      Banks Average - Click logo for rate | 17,807 HK$ | 1.7925 | 15 | 5.11% |
Country Guides (MYR & HKD)
 Hong Kong (HKD) |  Malaysia (MYR) |
MYR and HKD in the Markets
When determining the best time to make a foreign exchange transaction, in this case the MYR vs HKD, you should pay attention to the recent market trends for both currencies.
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.
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.
How to get Best MYR to HKD 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.
When is the best time to exchange MYR to HKD?
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.
It is also a good idea to be aware of the change in the historic MYR/HKD exchange rate over longer periods.
We help you Save Money on Exchange Rates.
View all MYR Exchange Rates
