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 transaction type, details and click ‘Get Rates’.
MYR to HKD Market Data
Malaysian ringgit (MYR) to Hong Kong dollar (HKD) market data - latest interbank exchange rate, trend, chart & historic rates.
Is the MYR to HKD 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 Malaysian ringgit against the Hong Kong dollar is to review how the MYR/HKD rate has changed over time.
The table below shows the percentage change in the MYR to HKD 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 Malaysian ringgit are worth in Hong Kong dollar across a range of amounts.
This gives a quick view of what you’d get when converting different MYR amounts at today’s rate * :
The standard OFX MYR-HKD rate is 1.8290844, -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.
The above
Ringgit to Hong Kong dollar 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 MYR-HKD mid-rate and the possible savings of using various providers.
How do MYR-HKD rates compare between providers?
Looking at the
full comparison table
the best MYR to HKD exchange rate is 1.842 from OFX, -0.5% from the mid-market rate 1.8513. The next best rate is 1.8383 from Wise, -0.7% from the mid-rate. Then WorldRemit with 1.8235 is -1.5% from the mid-rate.
Among the banks the CIMB Bank rate is 1.7939 at -3.1% the OCBC Bank rate is 1.7865 at -3.5% and the Maybank rate is 1.7865 at -3.5% compared to the mid-rate 1.8513.
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 exchange rate forecast for the Malaysian Ringgit (MYR) to Hong Kong Dollar (HKD) reflects a challenging outlook influenced by ongoing geopolitical tensions...
Analysts observe that the USD to HKD exchange rate has reached 90-day highs near 7.8488, reflecting a 0.8% increase from its three-month average of 7.7894.