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Best MYR to HKD Exchange Rates Compared Live

The best MYR to HKD exchange rate is 1.6535. Compare foreign transfer and currency exchange rates, find better rates & deals.

MYR-HKD Best Exchange Rate Calculator
 

Comparing MYR-HKD exchange rates

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

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

 
 

MYR to HKD Market Data

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

 
1 MYR =
1.6535We compare provider deals to this wholesale mid-market rate. Read more
HKD
-0.3%
MYR to HKD at 1.6526 is just below its 3-month average, having traded in a quite stable 4.3% range from 1.6297 to 1.6997
|
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DateMYR/HKDChangePeriod
14 Mar 2024
1.6688
0.9% 2 Week
29 Dec 2023
1.6998
2.7% 3 Month
29 Mar 2023
1.7766
6.9% 1 Year
30 Mar 2019
1.9229
14% 5 Year
31 Mar 2014
2.3758
30.4% 10 Year
02 Apr 2004
2.0494
19.3% 20 Year
MYR/HKD historic rates & change to 28-Mar-2024
 

What are equivalent amounts of MYR and HKD?

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

MYR HKD
RM 1 HK$ 1.6535
RM 5 HK$ 8.2675
RM 10 HK$ 16.54
RM 20 HK$ 33.07
RM 50 HK$ 82.68
RM 100 HK$ 165.35
RM 250 HK$ 413.38
RM 500 HK$ 826.75
RM 1,000 HK$ 1,654
RM 2,000 HK$ 3,307
RM 5,000 HK$ 8,268
RM 10,000 HK$ 16,535
RM 20,000 HK$ 33,070
RM 50,000 HK$ 82,675
RM 100,000 HK$ 165,350
MYR HKD
RM 0.6048 HK$ 1
RM 3.0240 HK$ 5
RM 6.0480 HK$ 10
RM 12.10 HK$ 20
RM 30.24 HK$ 50
RM 60.48 HK$ 100
RM 151.20 HK$ 250
RM 302.40 HK$ 500
RM 604.80 HK$ 1,000
RM 1,210 HK$ 2,000
RM 3,024 HK$ 5,000
RM 6,048 HK$ 10,000
RM 12,096 HK$ 20,000
RM 30,240 HK$ 50,000
RM 60,480 HK$ 100,000

More amounts

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

 
 

Forecasts for MYR to HKD

 

Based on recent forecasts from FX analysts, the outlook for the Malaysian Ringgit (MYR) against the Hong Kong Dollar (HKD) is somewhat mixed. Analysts anticipate the MYR to potentially weaken further against a strong US Dollar (USD), with projections of the USD/MYR pair trending higher. The range of forecasts suggests that the MYR could face pressure in the near term, although intermittent bounces may occur. On the other hand, the HKD is expected to see relative stability in the upcoming period, supported by governmental measures to buoy the local property market amidst economic challenges.

Read our full review of recent MYR to HKD forecasts.

 

How to get a good MYR to HKD exchange rate

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

  1. Shop around for the best MYR/HKD 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 MYR/HKD 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 MYR and HKD 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 Hong Kong dollar with Malaysian ringgit, then it's better for the MYR/HKD 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 Malaysian ringgit rise against the Hong Kong dollar?

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 MYR/HKD 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 Hong Kong - a practical currency and money guide to travel, living and doing business in Hong Kong with the Hong Kong dollar.

 
 
 

Currency Country Guides

Hong KongHong Kong (HKD)MalaysiaMalaysia (MYR)
 

How is the expat life in Hong Kong?

Expat life in Hong Kong can be both exciting and challenging. Hong Kong is a vibrant and fast-paced city with a rich culture, history, and a mix of modern and traditional influences. It is also a major financial and business hub in Asia.

Read more at our Hong Kong (HKD) 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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