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    Citibank MYR to HKD Exchange Rates Compared Live

    The Citibank MYR to HKD rate is 1.784. This is -2.6% below the mid-rate. Compare Citibank currency conversion rates - Reduce FX costs.

    MYR-HKD Loading Rates ...
     

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

    The Citibank MYR to HKD exchange rate is 1.784. This is -2.6% compared to the latest MYR-HKD mid-market rate 1.8316.

    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 Citibank MYR-HKD rates compare between providers?

    Looking at our comparison table the best MYR to HKD exchange rate is 1.8224 from OFX, -0.5% from the mid-market rate 1.8316. The next best rate is 1.8188 from Wise, -0.7% from the mid-rate. Then WorldRemit with 1.8041 is -1.5% from the mid-rate.

    Among the banks, the CIMB Bank rate is 1.7748 at -3.1%, the OCBC Bank rate is 1.7675 at -3.5%, and the Maybank rate is 1.7675 at -3.5% compared to the mid-rate 1.8316.

    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 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 Citibank and other foreign exchange providers against the latest MYR-HKD 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%).

     
     

    MYR to HKD Market Data

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

     
    Sell MYR   →   Buy HKD
    1 MYR =
    1.8316We compare provider deals to this wholesale mid-market rate. Read more
    HKD
    ▲+1.6%
    90d-highs
    MYR to HKD is at 90-day highs near 1.8432, 4.7% above its 3-month average of 1.7605, having traded in a relatively stable 6.7% range from 1.7282 to 1.8432
    |
    Tracker

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      1 HKD = 0.5460 MYR
    DateMYR/HKDChangePeriod
    22 Apr 2025
    1.7669
    		3.6% ▲2 Week
    05 Feb 2025
    1.7607
    		3.9% ▲3 Month
    06 May 2024
    1.6495
    		10.9% ▲1 Year
    07 May 2020
    1.7923
    		2.1% ▲5 Year
    09 May 2015
    2.1586
    		15.2% ▼10 Year
    11 May 2005
    2.0521
    		10.8% ▼20 Year
    MYR/HKD historic rates & change to 06-May-2025
     

    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$ 1.8316
    RM 5 HK$ 9.1580
    RM 10 HK$ 18.32
    RM 20 HK$ 36.63
    RM 50 HK$ 91.58
    RM 100 HK$ 183.16
    RM 250 HK$ 457.90
    RM 500 HK$ 915.80
    RM 1,000 HK$ 1,832
    RM 2,000 HK$ 3,663
    RM 5,000 HK$ 9,158
    RM 10,000 HK$ 18,316
    RM 20,000 HK$ 36,632
    RM 50,000 HK$ 91,580
    RM 100,000 HK$ 183,160
    MYR HKD
    RM 0.5460 HK$ 1
    RM 2.7300 HK$ 5
    RM 5.4600 HK$ 10
    RM 10.92 HK$ 20
    RM 27.30 HK$ 50
    RM 54.60 HK$ 100
    RM 136.50 HK$ 250
    RM 273.00 HK$ 500
    RM 546.00 HK$ 1,000
    RM 1,092 HK$ 2,000
    RM 2,730 HK$ 5,000
    RM 5,460 HK$ 10,000
    RM 10,920 HK$ 20,000
    RM 27,300 HK$ 50,000
    RM 54,600 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

     

    The exchange rate forecast for the Malaysian Ringgit (MYR) to Hong Kong Dollar (HKD) is currently influenced by several geopolitical and economic factors. Recent announcements from U.S. President Donald Trump regarding a 24% tariff on Malaysian imports have cast a shadow over Malaysia's economic outlook. Analysts note that Malaysia’s decision to refrain from retaliating against the tariffs indicates a strategic approach to maintain regional stability and seek constructive engagement, as emphasized by Prime Minister Anwar Ibrahim. However, the combination of heightened trade tensions and a generally subdued global economic environment has negatively impacted regional currencies, including the MYR, which has recently seen fluctuations along with its peers like the Thai baht and South Korean won.

    Read our full review of recent MYR to HKD forecasts.

     
    HKD and flag

    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.

    Read our Currency guide to Hong Kong — a practical currency and money guide to travel in Hong Kong plus living and doing business with the Hong Kong dollar.

    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).

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

    Compare Rates

    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.

     
    Track Rate
     

    Manage Tracker   

     

    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 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.

    One of the main benefits of expat life in Hong Kong is the high standard of living and the availability of amenities and services. The city has a wide range of international schools, hospitals and medical facilities, supermarkets, and other amenities catering to expats.

    Hong Kong is also known for its excellent transportation system, making it easy to navigate and commute around the city.

    However, the cost of living in Hong Kong is quite high, especially for housing. The city has some of the most expensive real estate in the world and finding affordable housing can be a challenge for expats.

    The city is also known for its fast-paced lifestyle and high stress levels, which can be challenging for some people. The air pollution and noise pollution can also be an issue.

    Additionally, Hong Kong has a high population density and the city can feel crowded and congested. Some expats may find the city to be quite crowded and busy, which can be overwhelming.

    The political situation in Hong Kong

    The political situation in Hong Kong has been uncertain in recent years, which can be a concern for some expats. Protests and unrest have been taking place, and travelers should be aware of the situation and take precautions.

    Overall, expat life in Hong Kong can be a rich and fulfilling experience, but it also has its challenges. Expats should be prepared for the high cost of living, fast-paced lifestyle, and the potential for political unrest.

    Read more at our Hong Kong (HKD) country guide

       
     
     
     

    Related exchange rates

    MYR/USD
    0.2363
    MYRUSD 90 day chart
    ▲+1.5%
    90d-highs
    USD/HKD
    7.7505
    USDHKD 90 day chart
    —
    90d-lows
    HKD/MYR
    0.5460
    HKDMYR 90 day chart
    ▼-1.5%
    90d-lows
    MYR/SGD
    0.3054
    MYRSGD 90 day chart
    ▲+0.9%
    90d-highs
    MYR/TWD
    7.1027
    MYRTWD 90 day chart
    ▼-3.5%
    90d-lows

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    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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