Convert Hong Kong Dollar to Malaysian Ringgit
Instantly convert Hong Kong Dollar (HK$) to Malaysian Ringgit (RM) with our free online calculator.
Reference Table
| Hong Kong Dollar (HK$) | Malaysian Ringgit (RM) |
|---|---|
| 1 | 1 |
| 5 | 5 |
| 10 | 10 |
| 50 | 50 |
| 100 | 100 |
| 1000 | 1000 |
How to Convert Hong Kong Dollar to Malaysian Ringgit
Live Exchange Rate Conversion
Convert Hong Kong Dollar (HK$) to Malaysian Ringgit (RM) using live exchange rates updated hourly. The rate reflects the current mid-market price — the most accurate reference for currency comparison.
Step-by-Step
- Open the HK$ to RM converter above.
- Enter the amount you want to convert in the HK$ (Hong Kong Dollar) input field.
- The converter fetches the latest exchange rate and instantly shows the equivalent value in RM (Malaysian Ringgit).
- Use the swap button to reverse the conversion direction if needed.
About Hong Kong Dollar (HK$)
The Hong Kong Dollar (HKD, ISO 4217 code 344, symbol HK$) is the official currency of the Hong Kong Special Administrative Region of the People's Republic of China, issued by three commercial banks under license from the Hong Kong Monetary Authority (HKMA, est. 1993): HSBC, Standard Chartered Hong Kong, and Bank of China (Hong Kong). Subdivided into 100 cents. Banknotes: HK$10 (HKMA-issued, polymer), HK$20, HK$50, HK$100, HK$500, HK$1000 (commercial-bank issued, each bank's series featuring distinct designs); coins: 10¢, 20¢, 50¢, HK$1, HK$2, HK$5, HK$10. HKD is pegged to USD under the Linked Exchange Rate System since October 17, 1983 — the convertibility band is HK$7.75-7.85 per USD with HKMA's strong-side and weak-side convertibility undertakings. This makes HKD effectively a USD proxy. HKD circulates alongside CNY in cross-border trade but capital flows are managed by mainland authorities. Hong Kong is the world's 4th-largest FX trading center per BIS Triennial Survey.
About Malaysian Ringgit (RM)
The Malaysian Ringgit (MYR, ISO 4217 code 458, symbol RM; historically 'Malaysian Dollar' until 1975) is the official currency of Malaysia, issued by Bank Negara Malaysia (BNM, est. 1959). Subdivided into 100 sen. Banknotes: RM1, RM5, RM10, RM20, RM50, RM100 (current series features King Tuanku Abdul Rahman portrait, traditional kites/wau, and Malaysian flora/fauna); coins: 5 sen, 10 sen, 20 sen, 50 sen (1 sen withdrawn from common circulation 2008). MYR was pegged to USD at RM3.80 per USD from September 1998 to July 2005 following the Asian Financial Crisis (Malaysia famously rejected IMF assistance and imposed capital controls under Prime Minister Mahathir Mohamad). Since 2005 the ringgit floats against a basket. Malaysia is the world's 2nd-largest palm oil producer (after Indonesia), a major LNG exporter, and home to a significant Islamic-finance industry (the Kuala Lumpur stock exchange Bursa Malaysia and the Labuan IBFC offshore center). BNM targets price stability + sustainable economic growth.
Quick Facts
- Hong Kong Dollar (HK$) is a currency unit
- Malaysian Ringgit (RM) is a currency unit
- Exchange rates are updated hourly from live market data
- Rates shown are mid-market (interbank) rates
- This conversion is commonly used in international travel, online shopping, and business transactions
- Use the swap button to convert RM back to HK$
Understanding Hong Kong Dollar
The Hong Kong Dollar (symbol: HK$) is a unit of currency. The Hong Kong Dollar (HKD, ISO 4217 code 344, symbol HK$) is the official currency of the Hong Kong Special Administrative Region of the People's Republic of China, issued by three commercial banks under license from the Hong Kong Monetary Authority (HKMA, est. 1993): HSBC, Standard Chartered Hong Kong, and Bank of China (Hong Kong). Subdivided into 100 cents. Banknotes: HK$10 (HKMA-issued, polymer), HK$20, HK$50, HK$100, HK$500, HK$1000 (commercial-bank issued, each bank's series featuring distinct designs); coins: 10¢, 20¢, 50¢, HK$1, HK$2, HK$5, HK$10. HKD is pegged to USD under the Linked Exchange Rate System since October 17, 1983 — the convertibility band is HK$7.75-7.85 per USD with HKMA's strong-side and weak-side convertibility undertakings. This makes HKD effectively a USD proxy. HKD circulates alongside CNY in cross-border trade but capital flows are managed by mainland authorities. Hong Kong is the world's 4th-largest FX trading center per BIS Triennial Survey.
Hong Kong Dollar are commonly used in international travel, online shopping, and business transactions.
Understanding Malaysian Ringgit
The Malaysian Ringgit (symbol: RM) is a unit of currency. The Malaysian Ringgit (MYR, ISO 4217 code 458, symbol RM; historically 'Malaysian Dollar' until 1975) is the official currency of Malaysia, issued by Bank Negara Malaysia (BNM, est. 1959). Subdivided into 100 sen. Banknotes: RM1, RM5, RM10, RM20, RM50, RM100 (current series features King Tuanku Abdul Rahman portrait, traditional kites/wau, and Malaysian flora/fauna); coins: 5 sen, 10 sen, 20 sen, 50 sen (1 sen withdrawn from common circulation 2008). MYR was pegged to USD at RM3.80 per USD from September 1998 to July 2005 following the Asian Financial Crisis (Malaysia famously rejected IMF assistance and imposed capital controls under Prime Minister Mahathir Mohamad). Since 2005 the ringgit floats against a basket. Malaysia is the world's 2nd-largest palm oil producer (after Indonesia), a major LNG exporter, and home to a significant Islamic-finance industry (the Kuala Lumpur stock exchange Bursa Malaysia and the Labuan IBFC offshore center). BNM targets price stability + sustainable economic growth.
Malaysian Ringgit are commonly used in international travel, online shopping, and business transactions.
Why Convert Hong Kong Dollar to Malaysian Ringgit?
When travelling abroad, shopping from international retailers, or managing cross-border business payments, converting between Hong Kong Dollar and Malaysian Ringgit is an everyday necessity. Freelancers invoicing international clients, investors monitoring foreign markets, and students comparing cost-of-living data all benefit from instant, accurate currency conversion with live exchange rates.
Frequently Asked Questions
How do I convert Hong Kong Dollar to Malaysian Ringgit?
Enter any HK$ amount in the converter above. It automatically fetches the latest exchange rate and instantly calculates the equivalent RM value. No manual calculation is needed.
How often is the HK$/RM exchange rate updated?
MegaCalc updates currency exchange rates hourly from live market data. The rate displayed reflects the current mid-market rate at the time of conversion.
What is the mid-market HK$/RM exchange rate?
The mid-market rate is the midpoint between the buy and sell prices on the global foreign exchange market. It is the most accurate reference rate for comparing currencies. Banks and exchange services add a spread on top of this rate, so the rate you receive at a bank or airport will differ slightly.
Can I convert RM back to HK$?
Yes. Use the swap button on the converter to reverse the conversion direction and calculate RM to HK$ instantly at the current exchange rate.
Why do I need to convert Hong Kong Dollar to Malaysian Ringgit?
HK$ to RM conversions are needed for international travel, online shopping from foreign retailers, cross-border business payments, and comparing prices or costs across countries. Investors and freelancers working with multiple currencies also rely on accurate exchange rate data for financial planning.