The comparison table above helps you see the total cost of your 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 details and click ‘Get Rates’.
HKD to MYR Market Data
Hong Kong dollar (HKD) to Malaysian ringgit (MYR) market data - latest interbank exchange rate, trend, chart & historic rates.
HKD to MYR is at 7-day lows near 0.5391, 3.7% below its 3-month average of 0.5596, having traded in a relatively stable 7.5% range from 0.5384 to 0.5786
Is the HKD to MYR Exchange Rate Likely to Improve?
Predicting exchange rate movements is always challenging, as they’re influenced by a wide range of economic and geopolitical factors. One useful way to assess the current value of the Hong Kong dollar against the Malaysian ringgit is to review how the HKD/MYR rate has changed over time.
The table below shows the percentage change in the HKD to MYR exchange rate across various timeframes—from the past 2 weeks to the last 20 years:
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 * :
The standard OFX HKD-MYR rate is 0.5185, -3.7% 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
Hong Kong dollar (HKD) to Malaysian ringgit (MYR) rates from different sources before making a conversion.
The above
Hong Kong dollar to Ringgit comparison table
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 HKD-MYR mid-rate and the possible savings of using various providers.
How do HKD-MYR rates compare between providers?
Looking at the
full comparison table
the best HKD to MYR exchange rate is 0.536 from OFX, -0.5% from the mid-market rate 0.5387. The next best rate is 0.5355 from XE, -0.59% from the mid-rate. Then WorldRemit with 0.5344 is -0.8% 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
or platforms that offer rates closer to the mid-market rate.