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MYR to HKD - Rate Guide

Malaysian Ringgit to Hong Kong Dollar 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 MYR = 1.8739 HKD

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MYR to HKD - Trading Range (90 Day)
90-DAY LOW (6d)
MYR/HKD at 1.8756 is trading 0.7% below the 90-day average 1.8889 with a range 1.8718 to 1.9157. There are no current rate alerts.
16-Feb-2020 16:NY 21:LON 08:SYD+1d

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Quick Conversions from Malaysian Ringgit to Hong Kong Dollar

MYR

HKD

RM 1
HK$ 1.8739
RM 5
HK$ 9.3695
RM 10
HK$ 18.74
RM 20
HK$ 37.48
RM 50
HK$ 93.70
RM 100
HK$ 187.39
RM 250
HK$ 468.48
RM 500
HK$ 936.95
RM 1,000
HK$ 1,874
RM 2,000
HK$ 3,748
RM 5,000
HK$ 9,370
RM 10,000
HK$ 18,739
RM 50,000
HK$ 93,695
RM 100,000
HK$ 187,390
More amounts

MYR

HKD

RM 0.5337
HK$ 1
RM 2.6685
HK$ 5
RM 5.3370
HK$ 10
RM 10.67
HK$ 20
RM 26.69
HK$ 50
RM 53.37
HK$ 100
RM 133.43
HK$ 250
RM 266.85
HK$ 500
RM 533.70
HK$ 1,000
RM 1,067
HK$ 2,000
RM 2,669
HK$ 5,000
RM 5,337
HK$ 10,000
RM 26,685
HK$ 50,000
RM 53,370
HK$ 100,000
More amounts

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.

 
  

MYR to HKD International Money Transfers

  

Foreign Transfer ProvidersReceive HKD(HK$)Exchange RateFee MYRTotal CostDeal Links
TransferWise logo
18,652 HK$1.8748RM510.61%
OFX logo
18,542 HK$1.85420 for BER users (normally $15)1.2%
Maybank International Money Transfers
Maybank logo
17,929 HK$1.811RM1004.47%
OCBC Bank International Money Transfers
OCBC Bank logo
17,929 HK$1.811RM1004.47%
United Overseas Bank International Money Transfers
United Overseas Bank logo
17,929 HK$1.811RM1004.47%
Banks - Average Rate
Citibank logo Maybank logo HSBC logo OCBC Bank logo United Overseas Bank logo
17,807 HK$1.7925155.11%
HSBC logo
17,703 HK$1.773RM155.67%
Citibank International Money Transfers
Citibank logo
17,546 HK$1.7567126.51%
 
TransferWise logo
TransferWise: Foreign Transfer MYR→HKD
From Amount (MYR)RM10,000
Fee:RM51 MYR (0.5% + RM1)
Exchange Rate:1.8748 (0.1% from mid-rate)
To Amount (HKD)18,652 HK$
Total Cost:0.61%
Time:1:08 Local
Transfer Speed:0-2 days
Services:Bank Transfers - Online, Foreign Currency Accounts + Multi-currency debit card
Rating:
 
: 4.6/5.0
Reviews:
 
OFX logo
OFX: Foreign Transfer MYR→HKD
From Amount (MYR)RM10,000
Fee:0 for BER users (normally $15)
Exchange Rate:1.8542 (1.2% from mid-rate)
To Amount (HKD)18,542 HK$
Total Cost:1.2%
Difference:
HK$110 HKD less than using TransferWise
Time:
Rate Fetched: 1:08 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
Maybank logo
Maybank: Foreign Transfer MYR→HKD
From Amount (MYR)RM10,000
Fee:RM100 MYR (1%)
Exchange Rate:1.8110 (3.5% from mid-rate)
To Amount (HKD)17,929 HK$
Total Cost:4.47%
Difference:
HK$723 HKD less than using TransferWise
Time:1:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
OCBC Bank logo
OCBC Bank: Foreign Transfer MYR→HKD
From Amount (MYR)RM10,000
Fee:RM100 MYR (1%)
Exchange Rate:1.8110 (3.5% from mid-rate)
To Amount (HKD)17,929 HK$
Total Cost:4.47%
Difference:
HK$723 HKD less than using TransferWise
Time:1:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
United Overseas Bank logo
United Overseas Bank: Foreign Transfer MYR→HKD
From Amount (MYR)RM10,000
Fee:RM100 MYR (1%)
Exchange Rate:1.8110 (3.5% from mid-rate)
To Amount (HKD)17,929 HK$
Total Cost:4.47%
Difference:
HK$723 HKD less than using TransferWise
Time:1:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer MYR→HKD
From Amount (MYR)RM10,000
Fee:15
Exchange Rate:1.7929 (4.47% from mid-rate)
To Amount (HKD)17,807 HK$
Total Cost:5.11%
Difference:
HK$845 HKD less than using TransferWise
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
HSBC logo
HSBC: Foreign Transfer MYR→HKD
From Amount (MYR)RM10,000
Fee:RM15 MYR (.15%)
Exchange Rate:1.7730 (5.53% from mid-rate)
To Amount (HKD)17,703 HK$
Total Cost:5.67%
Difference:
HK$949 HKD less than using TransferWise
Time:1:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Citibank logo
Citibank: Foreign Transfer MYR→HKD
From Amount (MYR)RM10,000
Fee:12
Exchange Rate:1.7567 (6.39% from mid-rate)
To Amount (HKD)17,546 HK$
Total Cost:6.51%
Difference:
HK$1,106 HKD less than using TransferWise
Time:1:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 02/17/2020 - View latest rates

Country Guides (MYR & HKD)

Hong KongHong Kong (HKD)MalaysiaMalaysia (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.

Setup myBER FX Alerts

It is also a good idea to be aware of the change in the historic MYR/HKD exchange rate over longer periods.

MYR/HKD - Historical Rates

PeriodMYR/HKDDate
1 Day1.874610 Feb 2020
7 Day1.889504 Feb 2020
30 Day1.905412 Jan 2020
3 Month1.884813 Nov 2019
1 Year1.925611 Feb 2019
5 Year2.156612 Feb 2015
10 Year2.269513 Feb 2010

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