Understanding the Table:
The comparison table above helps you see the total cost of your Wise currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
The average HKD rate margin offered by Wise is 0.83%.
This average is based on individual HKD 10K transfer rates in the currency pairs from Wise that we monitor.
The tables below show the best and worst exchange rate margins offered by Wise for Hong Kong dollar (HKD 10K) transactions. Margins show the percentage difference from the mid-market rate.
Hong Kong dollar (HKD) to Malaysian ringgit (MYR) market data - latest interbank exchange rate, trend, chart & historic rates.
HKD/MYR Outlook: Likely to decrease, as the rate is below its recent average and near recent lows, pressured by current developments in both economies.
USD/MYR Outlook: Bearish, as the rate is below its recent average and pressured by ongoing US monetary policy concerns.
EUR/MYR Outlook: Slightly weaker, but likely to move sideways, as the rate is below its recent average and near recent lows without clear driving factors for movement.
To help you understand the real-world value of the current exchange rate, the table below shows how much Hong Kong dollar are worth in Malaysian ringgit across a range of amounts.
This gives a quick view of what you’d get when converting different HKD amounts at today’s rate * :
| HKD | MYR |
|---|---|
| HK$ 1,000 | RM 504.70 |
| HK$ 5,000 | RM 2,524 |
| HK$ 20,000 | RM 10,094 |
| HK$ 100,000 | RM 50,470 |
| HKD | MYR |
|---|---|
| HK$ 1,982 | RM 1,000 |
| HK$ 9,908 | RM 5,000 |
| HK$ 39,632 | RM 20,000 |
| HK$ 198,160 | RM 100,000 |
More amounts
*Converted at the current HKD-MYR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The best HKD to MYR exchange rate is 0.5021 from OFX . This is -0.52% compared to the mid-market rate 0.5047.
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.
The above Wise - Hong Kong dollar to Ringgit comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Wise and other foreign exchange providers against the latest HKD-MYR mid-rate and the possible savings of using various providers.
Looking at the full HKD to MYR - Send Money comparison table the provider with the best HKD to MYR exchange rate is OFX at 0.5021, -0.52% from the latest mid-market rate 0.5047.
The next best is XE at 0.5016, -0.61% from the mid-rate.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers 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 like Wise or platforms that offer rates closer to the mid-market rate.
View a full list of exchange rates by selecting your Base (from) currency:
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