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