What is the best Send Money conversion rate for MYR to HKD?
The best MYR to HKD exchange rate is our partner deal rate of 1.7494 from OFX . This is -0.5% compared to the mid-market rate 1.7582.
The standard OFX MYR-HKD rate is 1.7371016, -1.2% from the mid-rate. Visit OFX here to secure the better rate.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Malaysian ringgit (MYR) to Hong Kong dollar (HKD) rates from different sources before making a conversion.
How do MYR-HKD rates compare between providers?
Looking at our comparison table the best MYR to HKD exchange rate is 1.7494 from OFX, -0.5% from the mid-market rate 1.7582. The next best rate is 1.7459 from Wise, -0.7% from the mid-rate. Then WorldRemit with 1.7318 is -1.5% from the mid-rate.
Among the banks, the CIMB Bank rate is 1.7037 at -3.1%, the OCBC Bank rate is 1.6966 at -3.5%, and the Maybank rate is 1.6966 at -3.5% compared to the mid-rate 1.7582.
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 or platforms that offer rates closer to the mid-market rate.
The Ringgit to Hong Kong dollar comparison table above makes it easy to compare the Total Fees (both variable and fixed) you are being charged by banks and other foreign exchange providers against the latest MYR-HKD mid-rate (see Market Data below ) and the possible savings of using various providers.