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    Citibank HKD to MYR Exchange Rates Compared Live

    The Citibank HKD to MYR rate is 0.5177. This is -5.1% below the mid-rate. Compare Citibank currency conversion rates - Reduce FX costs.

    HKD-MYR Loading Rates ...
     

    What is the Citibank Send Money conversion rate for HKD to MYR?

    The Citibank HKD to MYR exchange rate is 0.5177. This is -5.1% compared to the latest HKD-MYR mid-market rate 0.5453.

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

    How do Citibank HKD-MYR rates compare between providers?

    Looking at our comparison table the best HKD to MYR exchange rate is 0.5426 from OFX, -0.5% from the mid-market rate 0.5453. The next best rate is 0.542 from XE, -0.61% from the mid-rate. Then WorldRemit with 0.5409 is -0.81% from the mid-rate.

    It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like Citibank often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.

     

    Compare Rates

     

    The Citibank Hong Kong dollar to Ringgit comparison table above makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Citibank and other foreign exchange providers against the latest HKD-MYR mid-rate (see Market Data below ) and the possible savings of using various providers. 

     
     

    Citibank Money Transfer

    Citibank's exchange rates for wire transfers are generally competitive and transparent, which makes it a good choice for customers who need to send or receive money internationally. However, it's always a good idea to compare rates and fees across different banks and financial institutions to ensure you're getting the best deal possible.

    FX Order Watch: Citibank's FX Order Watch allows customers to set their own exchange rates and automatically execute foreign exchange transactions when the desired exchange rate is reached.

    When you get a quote for your Citibank Wire Transfer from their website or in-app, you will see the Citibank exchange rate, but it can be difficult to then calculate how much mark-up you are being charged.

    While all banks charge this mark-up, the extra amount being charged is much higher than it would be with a global money transfer specialist.

    How do Citibank international wire exchange rates compare?

    Sending or receiving international transfers to or from your Citibank bank account will include a margin rate of between 3.5% to 8% – this is much higher than most money transfer broker rates (which are normally 0.5 to 1.5%).

     
     

    HKD to MYR Market Data

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

     
    Sell HKD   →   Buy MYR
    1 HKD =
    0.5453We compare provider deals to this wholesale mid-market rate. Read more
    MYR
    ▼-1.5%
    90d-lows
    HKD to MYR is at 90-day lows near 0.5425, 4.5% below its 3-month average of 0.5681, having traded in a relatively stable 6.7% range from 0.5425 to 0.5786
    |
    Tracker

    Manage Tracker   

      1 MYR = 1.8339 HKD
    DateHKD/MYRPeriod
    19 Apr 2025
    0.5677
    		2 Week
    02 Feb 2025
    0.5706
    		3 Month
    03 May 2024
    0.6067
    		1 Year
    04 May 2020
    0.5567
    		5 Year
    06 May 2015
    0.4610
    		10 Year
    08 May 2005
    0.4876
    		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 0.5453
    HK$ 5 RM 2.7265
    HK$ 10 RM 5.4530
    HK$ 20 RM 10.91
    HK$ 50 RM 27.27
    HK$ 100 RM 54.53
    HK$ 250 RM 136.33
    HK$ 500 RM 272.65
    HK$ 1,000 RM 545.30
    HK$ 2,000 RM 1,091
    HK$ 5,000 RM 2,727
    HK$ 10,000 RM 5,453
    HK$ 20,000 RM 10,906
    HK$ 50,000 RM 27,265
    HK$ 100,000 RM 54,530
    HKD MYR
    HK$ 1.8339 RM 1
    HK$ 9.1695 RM 5
    HK$ 18.34 RM 10
    HK$ 36.68 RM 20
    HK$ 91.70 RM 50
    HK$ 183.39 RM 100
    HK$ 458.48 RM 250
    HK$ 916.95 RM 500
    HK$ 1,834 RM 1,000
    HK$ 3,668 RM 2,000
    HK$ 9,170 RM 5,000
    HK$ 18,339 RM 10,000
    HK$ 36,678 RM 20,000
    HK$ 91,695 RM 50,000
    HK$ 183,390 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

     

    Recent forecasts for the HKD to MYR exchange rate indicate a cautious sentiment influenced by both local and global factors. The Hong Kong dollar (HKD) has maintained its strength amid uncertainty surrounding U.S. interest rates and has shown stability in recent weeks. Analysts note that the easing of inflation and new policies announced by Hong Kong Chief Executive John Lee aimed at bolstering Hong Kong's financial sector could provide a near-term lift. Nonetheless, significant challenges remain, including a sluggish economic recovery and an incomplete labor market healing, which may keep local demand muted.

    Read our full review of recent HKD to MYR forecasts.

     
    HKD note

    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.

    Read our Currency guide to Malaysia — a practical currency and money guide to travel in Malaysia plus living and doing business with the Malaysian ringgit.

    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.

    Multi-Vendor Quote

    We can help you get an even better deal when sending a Large International Money Transfer.

    Click below for the Request Quotes form and enter your transfer details (BER account required).

    Request Quotes

    Save time and money - fewer websites to visit and you get a much better exchange rate & service.

    Compare Rates

    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.

    Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending

     
     

    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.

    What is doing business like in Malaysia?

    Doing business in Malaysia is relatively easy. The country has a well-developed infrastructure and a relatively business-friendly regulatory environment. Corruption is a problem, but it is not as prevalent as in some other countries in the region.

    How is the economy in Malaysia?

    The economy in Malaysia is doing well. The country has a strong manufacturing sector, and its exports have been growing steadily. The government has been investing heavily in infrastructure and has been working to attract foreign investment. The unemployment rate is low, and the country has a relatively high level of economic freedom.

    Read more at our Malaysia (MYR) country guide

       
     
     
     

    Related exchange rates

    HKD/USD
    0.1290
    HKDUSD 90 day chart
    —
    90d-highs
    MYR/USD
    0.2366
    MYRUSD 90 day chart
    ▲+1.5%
    90d-highs
    MYR/HKD
    1.8339
    MYRHKD 90 day chart
    ▲+1.6%
    90d-highs
    USD/HKD
    7.7501
    USDHKD 90 day chart
    —
    90d-lows
    EUR/HKD
    8.7864
    EURHKD 90 day chart
    ▲+0.1%

    BER articles that mention the Malaysian ringgit (MYR):

    Guides

    How the Weak US Dollar Can Impact International Business in 2025

    Markets have shifted focus to the interest rate policies of other major central banks rather than the Federal Reserve.

    Read more

    Reviews

    Instarem Money Transfers - User Reviews

    Instarem provides fast, safe and cost effective cross border money transfer services for Individuals and businesses from Australia, Hong Kong, India, Malaysia and Singapore to more than 25 countries.

    Read more

    News2019-04-18

    SGD/MYR at 17-Month High; Ringgit Slumps on FTSE Index Deselection

    What is arguably Southeast Asia’s most important exchange rate, Singapore dollar-Malaysian ringgit, leapt on Thursday to its highest level since November 2017, driven by FTSE Russell’s decision to reconsider Malaysia’s inclusion in an important bond index.

    Read more

    Further reading on the Malaysian ringgit (MYR) - Guides, Reviews & News from our research team.

     

    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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