MYRH
MYR/HKD
Market Open
15 Jun, 10:02
1. 936156
HKD +0.000769
+0.0397%
34,958 Volume
1.935387 HKD
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MYRHKD Overview
MYRHKD denotes the exchange rate between the Malaysian Ringgit and the Hong Kong Dollar, expressing how many HKD are required to purchase one unit of MYR. As a currency pair quote, it tracks the relative value of Malaysia’s unit of account against Hong Kong’s monetary unit in the spot and forward markets.
The Malaysian Ringgit (MYR) is the official currency of Malaysia and serves as the country’s legal tender. Issued and regulated by Bank Negara Malaysia, the ringgit is used across peninsular Malaysia and the states of Sabah and Sarawak, and is assigned the ISO code MYR.
The Hong Kong Dollar (HKD) functions as the legal currency of the Hong Kong Special Administrative Region. Currency issuance and monetary oversight are administered by the Hong Kong Monetary Authority, with banknotes issued by designated commercial banks under the HKMA’s framework; HKD carries the ISO code HKD.
Movements in MYRHKD are driven by market supply and demand, influenced by interest rate differentials, inflation trends, central bank policy decisions, trade balances, and cross-border capital flows. Geopolitical developments and investor risk sentiment can also prompt volatility in the pair.
For market participants, MYRHKD is relevant for trade settlements, corporate hedging, tourism and remittance flows, and speculative strategies where investors seek exposure to differences in economic fundamentals between Malaysia and Hong Kong.
The Malaysian Ringgit (MYR) is the official currency of Malaysia and serves as the country’s legal tender. Issued and regulated by Bank Negara Malaysia, the ringgit is used across peninsular Malaysia and the states of Sabah and Sarawak, and is assigned the ISO code MYR.
The Hong Kong Dollar (HKD) functions as the legal currency of the Hong Kong Special Administrative Region. Currency issuance and monetary oversight are administered by the Hong Kong Monetary Authority, with banknotes issued by designated commercial banks under the HKMA’s framework; HKD carries the ISO code HKD.
Movements in MYRHKD are driven by market supply and demand, influenced by interest rate differentials, inflation trends, central bank policy decisions, trade balances, and cross-border capital flows. Geopolitical developments and investor risk sentiment can also prompt volatility in the pair.
For market participants, MYRHKD is relevant for trade settlements, corporate hedging, tourism and remittance flows, and speculative strategies where investors seek exposure to differences in economic fundamentals between Malaysia and Hong Kong.
MYRHKD Chart
MYRHKD FAQ
What is the current MYR/HKD price?
The current rate is 1.936156 HKD, reflecting the latest available market price based on global forex liquidity and trading activity.
How much has the MYR/HKD rate changed today?
The rate has changed by +0.000769 (+0.0397%) compared to the previous close, reflecting current forex market activity.
What was the previous closing rate?
The previous close was 1.935387 HKD, which serves as a reference point for measuring daily performance.
What does the daily range indicate?
The range shows the lowest and highest levels reached during the current trading session, helping assess volatility.
Why is MYR/HKD moving up or down?
Movements in MYR/HKD are driven by macroeconomic data, interest rate expectations, central bank policy, and overall market sentiment.
How is the percentage change calculated?
The percentage change (+0.0397%) is based on the difference between the current rate and the previous closing rate.
Is MYR/HKD trending up or down right now?
If the current rate (1.936156 HKD) is above the previous close (1.935387 HKD), it indicates upward movement. If below, it suggests a downward trend.
Where can I track live rates and charts?
You can monitor real-time rates, charts, and key market data for MYR/HKD directly on this page.
