About this pair
HKD/MYR: what to know
The HKD/MYR rate shows how much MYR you get for 1 HKD. Right now, 1 HKD buys 0.5186 MYR at the mid-market rate. In the other direction, 1 MYR is worth 1.9282 HKD.
In the short term HKD is driven mainly by its peg to the US dollar, while MYR responds to commodity prices and regional demand.
The Hong Kong Dollar (HKD) is issued by Hong Kong Monetary Authority. Most banknotes are issued by three commercial banks, not a central bank. The Malaysian Ringgit (MYR) is issued by Bank Negara Malaysia. “Ringgit” means “jagged”, after the milled edges of old Spanish silver dollars.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.