What is the Hong Kong Dollar worth against the Malaysian Ringgit today?

1 HKD is worth 0.612 MYR today

How much is 5 HKD worth in MYR?

At the current exchange rate of 0.612 , a sum of 5 Hong Kong Dollar is worth 3.06 Malaysian Ringgit.

Which currency is stronger? HKD or MYR?

The Malaysian Ringgit is currently stronger than the Hong Kong Dollar given that 1 MYR is equal to 1.634 HKD. Conversely, 1 HKD is worth 0.612 MYR.

Overview of HKD to MYR Performance and Trends

Today, to buy 5 Hong Kong Dollar, you need 3.06 Malaysian Ringgit. On the same date last year, you needed 2.82 Malaysian Ringgit for 5 Hong Kong Dollar. This change indicates that the Hong Kong Dollar has become stronger against the Malaysian Ringgit by 8.35% over the past year.

The pair experienced moderate volatility of 8.88%.

Moderate volatility means there is a moderate risk of price changes. It represents a balance of potential gains and risks.

HKD to MYR Currency Performance and Volatility

Last 7 Days

• Performance: $5 varied between RM0.606 (weekly low) and RM0.61 (weekly high), a variance of RM0.004 .
• Volatility: Fluctuated by 0.66%.

Last 30 Days

• Performance: $5 varied between RM0.601 (30-day low) to RM0.61 (30-day high), a variance of RM0.009 .
• Volatility: Fluctuated by 1.5%.

Last 90 Days

• Performance: $5 varied between RM0.598 (90-day low) to RM0.613 (90-day high), a variance of RM0.015 .
• Volatility: Fluctuated by 2.51%.

Last Year

• Performance: $5 ranged from RM0.563 (yearly low) to RM0.613 (yearly high), a variance of RM0.05 .
• Volatility: Fluctuated by 8.88%.

HKD to MYR Forecast and trending

Is the Hong Kong Dollar going up or down against the Malaysian Ringgit?

Today's HKD to MYR exchange rate (0.61) is higher compared to yesterday's rate (0.609).

Understanding HKD to MYR Currency Exchange: Our Top Tips

Let's look at some practical information, ideas and tips to help you make sure you can get the most from your money when you convert Hong Kong Dollar to Malaysian Ringgit, to send a payment, for a trip overseas, when shopping online or to hold a balance in Malaysian Ringgit.

How to convert HKD to MYR?

You can convert Hong Kong Dollar to Malaysian Ringgit either in a physical location or online. If you choose to exchange money at a currency exchange store, bank or at the airport, you'll be given your Malaysian Ringgit in cash. Or, you can choose to convert digitally, to send a payment overseas for example.

If you're exchanging money in a physical location you'll usually need to take the following steps:

• Choose an exchange service that suits your needs
• Head there with the money in Hong Kong Dollar cash to exchange
• Get a quote for the exchange rate and any commission or fee you need to pay
• Hand over your money and receive your Malaysian Ringgit in cash

Exchanging your money digitally is often easier. As an example, here's how to send a payment overseas:

• Choose an international payment service that suits your needs and head to their desktop site, or download their app
• Tap Send Payment
• Enter the amount in Hong Kong Dollar you want to send, or the amount in Malaysian Ringgit you want your recipient to get in the end
• You'll be shown a quote for the exchange rate and any commission or fee you need to pay
• Choose your preferred payment method, and follow the prompts to pay
• Your money will be deposited to your recipient's bank account directly, in Malaysian Ringgit

How to get the best HKD to MYR exchange rate?

Because banks, currency exchange offices and international payment services all set their own exchange rates, you'll need to shop around a little to find the best HKD to MYR exchange rate for your specific transaction.

Get to know the HKD/MYR mid-market exchange rate using reputable currency conversion tools, so you'll be able to see how the market is trending. You can often set up rate alerts so the service you choose will send you a message when the HKD/MYR mid-market exchange rate hits your preferred level. Once you see a rate you like, act fast to complete your transaction before markets move again.

Another smart option is to open a multi-currency account which lets you hold a selection of major world currencies, often including Hong Kong Dollar and Malaysian Ringgit. This can be helpful if you transact internationally often, live overseas, receive payments from abroad, invest in diverse markets or even if you simply love to shop online with international retailers. Because you can hold a balance in the currency or currencies of your choice, there's no need to convert from one currency to another unnecessarily - you can wait until exchange rates are favorable to avoid losing out.

How to buy Hong Kong Dollar with Malaysian Ringgit?

You'll be able to exchange Malaysian Ringgit to Hong Kong Dollar in the same way as you'd exchange Hong Kong Dollar to Malaysian Ringgit. If you have Malaysian Ringgit in your pocket in cash, you can take them along to a currency exchange service and ask if they'll buy back in exchange for Malaysian Ringgit. Be aware that the exchange rate might not be great - so coming back from a trip with as little foreign cash as possible is a smart plan.

On the other hand, if you hold Hong Kong Dollar in a bank or specialist provider account, you'll be able to take advantage of online currency exchange services which can often offer fast, efficient and good value conversion which uses a better rate than a bank would.

Where to exchange HKD to MYR?

You can exchange currencies in person at a currency exchange store, bank or airport, or use an online service instead. It's helpful to know that in person currency exchange options can offer a pretty poor deal overall, as exchange rates commonly include a markup - an extra fee. If you're exchanging somewhere with little local competition - like at an airport or hotel, for example - the chances are that the rate you get will be even worse.

A good alternative is to open a multi-currency account which lets you hold and exchange currencies digitally - and if you pick an account which also offers a linked debit card, you can make ATM withdrawals at home and abroad whenever you need cash. Digital specialist services can often offer a better exchange rate with lower overall costs compared to using your bank or exchanging cash in person - plus they're intuitive to use and let you manage your money with just your phone.