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    MYR to CNY 2024 Forecasts

    Analysis of recent Ringgit→yuan forecasts for 2024. We collate forecasts from respected FX analysts together with the latest Malaysian ringgit to Chinese yuan performance and trends.


    Forecasts for MYR to CNY

    90-DAY LOW
    1-DAY +1.0%1d

    According to recent forecasts by currency analysts, the Malaysian Ringgit (MYR) is expected to perform relatively strong against the Chinese Yuan (CNY) in the coming years. The MYR is predicted to end 2023 in the range of 4.20 to 4.30 per US dollar, suggesting a positive outlook for the currency. This is mainly attributed to the strength of the MYR's fundamentals, supported by the recovery of the tourism sector in Malaysia. As tourism increases, it is expected to lead to a narrower deficit in Malaysia's services account, which would potentially positively impact the Ringgit. Additionally, the long-term weakness of the Malaysian currency may attract expatriates and high-valued foreigners to invest in the country's real estate market, particularly due to the cheaper Ringgit and lower cost of living compared to neighboring countries like Singapore.

    On the other hand, the Chinese Yuan has been facing challenges in its recovery from the COVID-19 pandemic, as indicated by its depreciation against the US dollar. The weakening of the Yuan can be seen as a signal that the recovery momentum of the Chinese economy is slowing down or facing headwinds. This can have various implications, such as affecting the cost of imports, the competitiveness of Chinese exports, and potentially leading to capital outflows. With China's weakening economy, the central bank has already implemented interest rate cuts and is expected to provide more stimulus, particularly in industries like real estate.

    Taking into account recent MYR to CNY price data, the exchange rate has been at 90-day lows near 1.5140, which is 2.1% below its 3-month average of 1.5467. This indicates a relatively stable trading range for the two currencies. Furthermore, as for the impact of oil price movements on the MYR, the recent Brent Crude OIL/USD price data shows that it is currently 8.0% below its 3-month average of 87.62. This suggests a decline in oil prices, which could have an indirect effect on the MYR due to Malaysia being one of the largest oil producers in Asia.

    In summary, based on the analysis of recent forecasts and market data, the Malaysian Ringgit is expected to maintain its strength against the Chinese Yuan. The positive outlook for the MYR is primarily driven by the recovery of the tourism sector, potential real estate investments from foreigners, and the relative stability in oil prices. However, the challenges faced by the Chinese economy may put pressure on the Yuan and influence the exchange rate dynamics between the two currencies.


    MYR to CNY Market Data

    Malaysian ringgit (MYR) to Chinese yuan (CNY) market data - latest interbank mid-rate, trend, chart & historic rates.

    1 MYR =
    1.5235We compare provider deals to this wholesale mid-market rate. Read more
    MYR to CNY is at 90-day lows near 1.5138, 2.0% below its 3-month average of 1.5448, having traded in a very stable 3.8% range from 1.5138 to 1.5711
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      1 CNY = 0.6564 MYR
    90-DAY LOW
    1-DAY +1.0%1d

    Compare & Save - Malaysian ringgit to Chinese yuan

    Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Malaysian ringgit (MYR) to Chinese yuan (CNY) rates from different sources before making a conversion.

    Use our MYR to CNY calculator to see how much you could save on your international money transfers. makes it easy to compare the Total Cost you are being charged on Ringgit to yuan currency rates and the possible savings of using various providers.

    14 Nov 2023
    1.4% 2 Week
    30 Aug 2023
    3.4% 3 Month
    28 Nov 2022
    5.8% 1 Year
    29 Nov 2018
    8.6% 5 Year
    30 Nov 2013
    19.8% 10 Year
    03 Dec 2003
    30.4% 20 Year
    MYR/CNY historic rates & change to 28-Nov-2023

    Will the Malaysian ringgit rise against the Chinese yuan?

    It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

    To help with this you can add MYR/CNY to your personalised BER Smart Rate Tracker to track and benefit from currency movements.

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    Rather than requiring you to set a target rate, our FX Alerts work differently. Once you add a currency pair for tracking in your watchlist we can select to be notified daily for any UP DOWN HIGH LOW alerts over a range of periods over the recent 90 days.

    Read our Currency guide to China - a practical currency and money guide to travel, living and doing business in China with the Chinese yuan.


    Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more