OFX MYR to HKD Exchange Rates - Compare & Save

OFX at a glance:

OFX has a 20-year history and is one of the largest foreign exchange specialists in the world. It offers a complete foreign exchange solution, including discounted money transfers, currency hedging tools, recurring transfers, a multi-currency account for online sellers and much more.

OFX grew from the idea that there had to be a better, fairer way to move money around the world. That was over 20 years ago, and since then over 1 million customers have trusted OFX with transfers in 50+ currencies to over 170 countries.

OFX don’t just offer great rates, they believe real help from real people counts. That’s why their clients get the best of both worlds – a seamless digital platform, combined with 24/7 phone access to currency experts.

When it comes to moving money, peace of mind is important. OFX is monitored by over 50 regulators globally and work within a network of carefully selected banking partners. So whether you are sending money to friends and family abroad, or doing business across borders, OFX can get your money where it needs to go. Fast, simple, secure.

Learn more about OFX

Using OFX for money transfers offers the benefit of lower fees and competitive exchange rates compared to traditional banks, making international transactions more cost-effective.

Additionally, OFX provides 24/7 customer support, a range of transfer options including spot and forward contracts, and a user-friendly online platform, enhancing convenience and flexibility for global financial transactions.

What Savings Can I Expect with OFX?

OFX offers exchange rates that beat the banks, and are close or equal to the rates offered by the industry’s lowest-cost services.

When you register via our OFX 0.5% exclusive offer for BER users the cost of sending, for example, 5,000 US dollars to Australia equates to 0.5 percent of the transferred amount, or roughly US$25. You’d pay the same 0.5 percent for the same amount to be sent to Europe and around 1 percent if sending to India. This compares with 4–7 percent with the banks.

For other currency routes we looked at (routes involving AUD, INR, GBP, EUR, SGD and USD), the average cost of an international payment with OFX was 0.6 percent of the transferred amount. This is exceptional if compared with banks but can be a little more expensive than what is charged by the industry’s lowest-cost services, although such services do not offer the same benefits and customer service as OFX.

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 = HKD

MYR to HKD is at 7-day highs near 1.7539, near its 3-month average, having traded in a very stable 3.0% range from 1.7265 to 1.7791

13-APR 8PM-NY 14-APR 1AM-LON 8AM-HK 10AM-SYD

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1 HKD = 0.5677 MYR

Date	MYR/HKD	Change	Period
04 Apr 2025	1.7523	0.5% ▲	2 Week
18 Jan 2025	1.7279	1.9% ▲	3 Month
18 Apr 2024	1.6368	7.6% ▲	1 Year
19 Apr 2020	1.7737	0.7% ▼	5 Year
21 Apr 2015	2.1353	17.5% ▼	10 Year
23 Apr 2005	2.0515	14.1% ▼	20 Year

MYR/HKD historic rates & change to 18-Apr-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$ 1.7614
RM 5	HK$ 8.8070
RM 10	HK$ 17.61
RM 20	HK$ 35.23
RM 50	HK$ 88.07
RM 100	HK$ 176.14
RM 250	HK$ 440.35
RM 500	HK$ 880.70
RM 1,000	HK$ 1,761
RM 2,000	HK$ 3,523
RM 5,000	HK$ 8,807
RM 10,000	HK$ 17,614
RM 20,000	HK$ 35,228
RM 50,000	HK$ 88,070
RM 100,000	HK$ 176,140

MYR	HKD
RM 0.5677	HK$ 1
RM 2.8385	HK$ 5
RM 5.6770	HK$ 10
RM 11.35	HK$ 20
RM 28.39	HK$ 50
RM 56.77	HK$ 100
RM 141.93	HK$ 250
RM 283.85	HK$ 500
RM 567.70	HK$ 1,000
RM 1,135	HK$ 2,000
RM 2,839	HK$ 5,000
RM 5,677	HK$ 10,000
RM 11,354	HK$ 20,000
RM 28,385	HK$ 50,000
RM 56,770	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

12 AprThe exchange rate forecast for the Malaysian Ringgit (MYR) to Hong Kong Dollar (HKD) appears to be influenced by recent geopolitical developments, economic recovery patterns, and commodity price fluctuations. After the announcement of a 24% tariff on imports from Malaysia by the U.S., analysts are noting a deterioration in the outlook for emerging Asian currencies. Malaysia, while not retaliating against the tariffs, has seen some downward pressure on the MYR, as reflected in its recent trading range. The MYR to HKD exchange rate is currently at a 7-day high near 1.7539, stabilizing around its 3-month average, suggesting a moderate level of resilience amidst the regional currency turmoil.

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:

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.
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.
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.
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.
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.

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.

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 Kong (HKD)

Malaysia (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.

Read more at our Hong Kong (HKD) country guide

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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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OFX MYR to HKD Exchange Rates Compared Live

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

How do OFX MYR-HKD rates compare between providers?