Today's MYR to HKD Price Update

Summary

This report provides the real-time exchange rate between the Malaysian Ringgit (MYR) and Hong Kong Dollar (HKD), helping traders quickly grasp market dynamics and identify potential trading opportunities.

Definition

The Malaysian Ringgit (MYR) and Hong Kong Dollar (HKD) are significant fiat currencies in the Asia-Pacific region. The exchange rate between them reflects market sentiment toward regional economic conditions and currency valuations.

Today’s Price

• 1 MYR = 1.99 HKD
• 24h High: 1.988 HKD
• 24h Low: 1.9792 HKD
• Current Rate: 1.9807 HKD

Market Analysis

Recent MYR/HKD price movement shows mixed technical signals with notable volatility.

• Technical levels: Fibonacci pivot point performance value at 1.9902 HKD; Williams %R indicator shows Overbought conditions at -11.5
• Short-term trend: The pair has demonstrated positive momentum across multiple timeframes, with the 5-day moving average at 1.9741 and gains of +3.94% over 5 days and +13.86% over 200 days
• Trading opportunities: Monitor price action around the pivot point at 1.9902 HKD; potential upside targets suggested by forecasts reaching 2.49 HKD by end of 2026 (+24.84% from current levels)

Conclusion

Continue to monitor the MYR/HKD pair closely, integrating technical indicators with medium-term price forecasts. Traders should watch for potential consolidation around current overbought levels while remaining alert to longer-term bullish momentum indicators.