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

1 MYR is worth 1.831 HKD today

How much is 1,000 MYR worth in HKD?

At the current exchange rate of 1.831 , a sum of 1,000 Malaysian Ringgit is worth 1,831 Hong Kong Dollar.

Which currency is stronger? MYR or HKD?

The Malaysian Ringgit is currently stronger than the Hong Kong Dollar given that 1 MYR is equal to 1.831 HKD. Conversely, 1 HKD is worth 0.546 MYR.

Overview of MYR to HKD Performance and Trends

Today, to buy 1,000 Malaysian Ringgit, you need 1,831 Hong Kong Dollar. On the same date last year, you needed 1,665 Hong Kong Dollar for 1,000 Malaysian Ringgit. This change indicates that the Malaysian Ringgit has become stronger against the Hong Kong Dollar by 9.85% over the past year.

The pair experienced high volatility of 12.64%.

High volatility means there is a higher risk of significant price changes. It is better to closely monitor the exchange rate in such situations.

MYR to HKD Currency Performance and Volatility

Last 7 Days

• Performance: RM1,000 varied between $1.798 (weekly low) and $1.841 (weekly high), a variance of $0.043 .
• Volatility: Fluctuated by 2.39%.

Last 30 Days

• Performance: RM1,000 varied between $1.777 (30-day low) to $1.841 (30-day high), a variance of $0.064 .
• Volatility: Fluctuated by 3.6%.

Last 90 Days

• Performance: RM1,000 varied between $1.655 (90-day low) to $1.836 (90-day high), a variance of $0.181 .
• Volatility: Fluctuated by 10.94%.

Last Year

• Performance: RM1,000 ranged from $1.63 (yearly low) to $1.836 (yearly high), a variance of $0.206 .
• Volatility: Fluctuated by 12.64%.

MYR to HKD Forecast and trending

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

Today's MYR to HKD exchange rate (1.831) is smaller compared to yesterday's rate (1.838).

Understanding MYR to HKD 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 Malaysian Ringgit to Hong Kong Dollar, to send a payment, for a trip overseas, when shopping online or to hold a balance in Hong Kong Dollar.

How to convert MYR to HKD?

You can convert Malaysian Ringgit to Hong Kong Dollar 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 Hong Kong Dollar 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 Malaysian Ringgit 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 Hong Kong Dollar 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 Malaysian Ringgit you want to send, or the amount in Hong Kong Dollar 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 Hong Kong Dollar

How to get the best MYR to HKD 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 MYR to HKD exchange rate for your specific transaction.

Get to know the MYR/HKD 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 MYR/HKD 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 Malaysian Ringgit and Hong Kong Dollar. 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 Malaysian Ringgit with Hong Kong Dollar?

You'll be able to exchange Hong Kong Dollar to Malaysian Ringgit in the same way as you'd exchange Malaysian Ringgit to Hong Kong Dollar. If you have Hong Kong Dollar 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 Hong Kong Dollar. 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 Malaysian Ringgit 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 MYR to HKD?

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.