OFX HKD to MYR Exchange Rates - Compare & Save

Currency route	Mid market rate	OFX Send Money Rate	Cost%
HKD - AED	0.4739	0.4715	-0.51%*
HKD - AUD	0.2002	0.1992	-0.5%*
HKD - BND	0.1691	0.160692	-5%
HKD - CAD	0.1783	0.1774	-0.5%*
HKD - CHF	0.1067	0.1062	-0.47%*
HKD - CNY	0.9412	0.8942	-5%
HKD - CZK	2.8446	2.8304	-0.5%*
HKD - DKK	0.8521	0.8478	-0.5%*
HKD - EUR	0.1142	0.1136	-0.53%*
HKD - FJD	0.2911	0.2738	-5.9%
HKD - GBP	0.097256	0.0968	-0.47%*
HKD - HUF	46.17	45.94	-0.5%*
HKD - IDR	2,124.6	1.93	-
HKD - ILS	0.4669	0.4646	-0.49%*
HKD - INR	10.91	10.4336	-4.4%
HKD - JPY	18.69	18.6	-0.48%*
HKD - KRW	180.62	169.9666	-5.9%
HKD - KWD	0.039685	0.0395	-0.47%*
HKD - LKR	38.75	36.9768	-4.6%
HKD - MAD	1.1951	1.1385	-4.7%
HKD - MGA	574.64	542.3713	-5.6%
HKD - MXN	2.5264	2.5138	-0.5%*
HKD - MYR	0.5509	0.5481	-0.51%*
HKD - NOK	1.3434	1.3367	-0.5%*
HKD - NZD	0.2168	0.2157	-0.51%*
HKD - OMR	0.049674	0.047814	-3.7%
HKD - PEN	0.4745	0.4515	-4.8%
HKD - PGK	0.5236	0.4934	-5.8%
HKD - PHP	7.1622	7.1264	-0.5%*
HKD - PKR	36.37	34.9056	-4%
HKD - PLN	0.4885	0.4861	-0.49%*
HKD - SAR	0.4839	0.4639	-4.1%
HKD - SBD	1.0748	0.9549	-11.2%
HKD - SCR	1.8336	1.6842	-8.1%
HKD - SEK	1.2457	1.2395	-0.5%*
HKD - SGD	0.1677	0.1669	-0.48%*
HKD - THB	4.2707	4.2493	-0.5%*
HKD - TOP	0.3107	0.2775	-10.7%
HKD - TRY	4.9625	4.9377	-0.5%*
HKD - TWD	3.9631	3.745	-5.5%
HKD - USD	0.1290	0.1284	-0.47%*
HKD - VND	3,355.3	2.895	-
HKD - VUV	15.32	14.2342	-7.1%
HKD - WST	0.3613	0.3165	-12.4%
HKD - XOF	74.88	71.7119	-4.2%
HKD - XPF	13.62	13.0517	-4.2%
HKD - ZAR	2.3733	2.3614	-0.5%*

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.

HKD to MYR Market Data

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

Sell HKD → Buy MYR

1 HKD = MYR

▼-1.0%

90d-lows

HKD to MYR is at 90-day lows near 0.5510, 3.1% below its 3-month average of 0.5689, having traded in a quite stable 5.0% range from 0.5510 to 0.5786

02-MAY 8PM-NY 03-MAY 1AM-LON 8AM-HK 10AM-SYD

Tracker

Manage Tracker

1 MYR = 1.8151 HKD

Date	HKD/MYR	Period
19 Apr 2025	0.5677	2 Week
02 Feb 2025	0.5706	3 Month
03 May 2024	0.6067	1 Year
04 May 2020	0.5567	5 Year
06 May 2015	0.4610	10 Year
08 May 2005	0.4876	20 Year

HKD/MYR historic rates

What are equivalent amounts of HKD and MYR?

Here are some popular conversion amounts for HKD to MYR (Hong Kong dollar to Malaysian ringgit)*.

HKD	MYR
HK$ 1	RM 0.5509
HK$ 5	RM 2.7545
HK$ 10	RM 5.5090
HK$ 20	RM 11.02
HK$ 50	RM 27.55
HK$ 100	RM 55.09
HK$ 250	RM 137.73
HK$ 500	RM 275.45
HK$ 1,000	RM 550.90
HK$ 2,000	RM 1,102
HK$ 5,000	RM 2,755
HK$ 10,000	RM 5,509
HK$ 20,000	RM 11,018
HK$ 50,000	RM 27,545
HK$ 100,000	RM 55,090

HKD	MYR
HK$ 1.8151	RM 1
HK$ 9.0755	RM 5
HK$ 18.15	RM 10
HK$ 36.30	RM 20
HK$ 90.76	RM 50
HK$ 181.51	RM 100
HK$ 453.78	RM 250
HK$ 907.55	RM 500
HK$ 1,815	RM 1,000
HK$ 3,630	RM 2,000
HK$ 9,076	RM 5,000
HK$ 18,151	RM 10,000
HK$ 36,302	RM 20,000
HK$ 90,755	RM 50,000
HK$ 181,510	RM 100,000

More amounts

*Converted at the current HKDMYR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.

Forecasts for HKD to MYR

03 MayRecent forecasts for the HKD to MYR exchange rate indicate a cautious sentiment influenced by both local and global factors. The Hong Kong dollar (HKD) has maintained its strength amid uncertainty surrounding U.S. interest rates and has shown stability in recent weeks. Analysts note that the easing of inflation and new policies announced by Hong Kong Chief Executive John Lee aimed at bolstering Hong Kong's financial sector could provide a near-term lift. Nonetheless, significant challenges remain, including a sluggish economic recovery and an incomplete labor market healing, which may keep local demand muted.

Read our full review of recent HKD to MYR forecasts.

How to get a good HKD to MYR exchange rate

There are several ways to save on exchange rates when converting Hong Kong dollar to Malaysian ringgit:

Shop around for the best HKD/MYR 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 HKD/MYR 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 HKD and MYR 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 Malaysian ringgit with Hong Kong dollar, then it's better for the HKD/MYR 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 Malaysia — a practical currency and money guide to travel in Malaysia plus living and doing business with the Malaysian ringgit.

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 Hong Kong dollar rise against the Malaysian ringgit?

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 HKD/MYR 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 Malaysia?

The expat life in Malaysia can be quite comfortable, depending on where you live. Most expats live in urban areas like Kuala Lumpur, where they have access to international schools, western supermarkets, and hospitals. There are also many expat-friendly activities and events in the city.

Any laws in Malaysia that foreigners should be aware of?

There are several laws in Malaysia that foreigners should be aware of, such as the Sedition Act, the Communications and Multimedia Act, and the Official Secrets Act.

What is doing business like in Malaysia?

Doing business in Malaysia is relatively easy. The country has a well-developed infrastructure and a relatively business-friendly regulatory environment. Corruption is a problem, but it is not as prevalent as in some other countries in the region.

How is the economy in Malaysia?

The economy in Malaysia is doing well. The country has a strong manufacturing sector, and its exports have been growing steadily. The government has been investing heavily in infrastructure and has been working to attract foreign investment. The unemployment rate is low, and the country has a relatively high level of economic freedom.

Read more at our Malaysia (MYR) country guide

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OFX vs Wise: Which Money Transfer Service Is Best For You in 2025

Looking to transfer money internationally? We compare OFX and Wise side by side, covering costs, exchange rates, speed, and features to help you choose the best service for your needs in 2025. Which one is right for you depends largely on how much you’re sending, how often you transfer, and whether you value real-time convenience or personal account management.

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Further reading on Ofx - Guides, Reviews & News from our research team.

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 HKD to MYR Exchange Rates Compared Live

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

How do OFX HKD-MYR rates compare between providers?

What are the OFX rates for other currencies?

OFX at a glance:

Learn more about OFX

What Savings Can I Expect with OFX?

HKD to MYR Market Data

What are equivalent amounts of HKD and MYR?

Forecasts for HKD to MYR

How to get a good HKD to MYR exchange rate

The key is reducing excessive costs and fees

Multi-Vendor Quote

Will the Hong Kong dollar rise against the Malaysian ringgit?

Currency Country Guides

How is the expat life in Malaysia?

Any laws in Malaysia that foreigners should be aware of?

What is doing business like in Malaysia?

How is the economy in Malaysia?

Related exchange rates

BER articles that mention Ofx:

How to Choose the Best Money Transfer Provider

OFX vs Wise: Which Money Transfer Service Is Best For You in 2025

Why Online Sellers Should Use an FX Specialist