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Currency.Wiki
Updated 17 seconds ago
 HKD =
    MYR
 Hong Kong Dollar =  Malaysian Ringgits
Trending: HK$ exchange rates for the last 24 hours
  • HKD/USD 0.128708 0.00024710
  • HKD/EUR 0.123053 -0.00025409
  • HKD/JPY 19.198134 -0.68380989
  • HKD/GBP 0.101910 -0.00060929
  • HKD/CHF 0.115483 0.00069265
  • HKD/MXN 2.629906 0.00563533
  • HKD/INR 11.149732 0.30267800
  • HKD/BRL 0.737576 -0.00762763
  • HKD/CNY 0.933264 0.00281942

HKD/MYR exchange rate analysis over the past 90 days

Hong Kong Dollar to Malaysian Ringgit exchange rate: Over the last 90 days, the Hong Kong Dollar weakened by -0.93% against the Malaysian Ringgit, declining from RM0.5740 to RM0.5687 per Hong Kong Dollar. This trend reflects the evolving economic dynamics between the Hong Kong and the Malaysia. Factors contributing to this weakening may include:

  • Trade Imbalances: Disparities in trade and investment between Hong Kong and Malaysia.
  • Regulatory Decisions: Policies or regulations affecting currency exchange or trade balance between Hong Kong and Malaysia.
  • Economic Challenges: Factors such as GDP contraction, rising unemployment, or increased inflation in the Hong Kong or Malaysia.
  • Global Pressures: External economic or geopolitical events that may unfavorably impact the Hong Kong relative to the Malaysia.

The foreign exchange market operates continuously, with currency values being influenced by a myriad of global economic, political, and financial occurrences.

HK$

Hong Kong Dollar Currency

Country: Hong Kong

Symbol: HK$

ISO Code: HKD

Bank: Hong Kong Monetary Authority

Interesting fact about Hong Kong Dollar

The Hong Kong Dollar (HKD) is the official currency of Hong Kong. Its history dates back to 1863 when it was first introduced as a result of Hong Kong becoming a British colony. The HKD is pegged to the US Dollar and is managed by the Hong Kong Monetary Authority. It plays a crucial role in Hong Kong's economy, functioning as a widely accepted payment method and facilitating international trade.

RM

Malaysian Ringgit Currency

Country: Malaysia

Symbol: RM

ISO Code: MYR

Bank: Bank Negara Malaysia

Interesting fact about Malaysian Ringgit

The Malaysian Ringgit (MYR) is the official currency of Malaysia. It was introduced in 1967 to replace the Malaysian dollar. The Ringgit plays a crucial role in promoting trade and investment in Malaysia, as well as facilitating daily transactions for the population. It is controlled by the central bank, Bank Negara Malaysia, to maintain stability and ensure economic growth.

Quick Conversion Guide

Frequently Asked Questions

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The Hong Kong Dollar to Malaysian Ringgit exchange rate is influenced by a variety of factors including economic data, political events, central bank decisions, market sentiment, and global financial news.
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Today conversion rate from 1 HKD to MYR is RM0.57.
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Yes, our site provides historical charts that show the trends and fluctuations in the Hong Kong Dollar to Malaysian Ringgit exchange rate over different time periods.
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While it's impossible to predict rates with certainty, staying informed about market trends and economic forecasts can help you make educated guesses.
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The exchange rate can fluctuate frequently due to the forex market's high volatility. It can change multiple times within a single day.