Switch .com Best Exchange Rates .com Best Exchange Rates .com Best Exchange Rates
BER
     

    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

     

    FX analysts have varied outlooks for the Malaysian Ringgit (MYR) against the Chinese Yuan (CNY) based on recent forecasts and market updates. Some analysts anticipate the MYR to continue to weaken against a strong US Dollar (USD), which could negatively impact the currency. Societe Generale predicts that the USD/MYR pair may trend higher towards 4.95, while Maybank expects the MYR to remain under pressure with intermittent bounces. On the other hand, the CNY is nearing 16-year lows against the USD due to dovish interest rate policies from the Chinese Central Bank and higher rates in the US. Saxo Bank predicts that China may allow the yuan to gradually depreciate to support economic growth.

    The exchange rate between MYR and CNY is currently at 7-day lows near 1.5401, slightly above its 3-month average, trading in a stable range. Additionally, movements in oil prices could impact the MYR's performance, with the Brent Crude OIL/USD rate sitting above its 3-month average. The fundamentals of the MYR remain strong, with expectations that it could end 2023 within a range of 4.20 to 4.30 against the USD. Factors such as the recovery of the tourism sector and potential influx of expatriates attracted by the weaker currency could provide support to the MYR. Meanwhile, the challenges faced by the Chinese economy, as indicated by the weakening yuan, may continue to influence the exchange rate dynamics between MYR and CNY.

    Loading rates...

       
     
     

    MYR to CNY Market Data

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

     
    1 MYR =
    1.5477We compare provider deals to this wholesale mid-market rate. Read more
    CNY
    -0.2%
    3M
    MYR to CNY at 1.5543 is 1.4% above its 3-month average of 1.533, having traded in a quite stable 4.1% range from 1.4957 to 1.5571
    |
    Sell MYR   →   Buy CNY
    My Rates

    Manage My Rates   


      1 CNY = 0.6461 MYR

    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.

     
    DateMYR/CNYChangePeriod
    10 Jul 2024
    1.5445
    0.6% 2 Week
    25 Apr 2024
    1.5154
    2.6% 3 Month
    25 Jul 2023
    1.5641
    0.6% 1 Year
    26 Jul 2019
    1.6702
    6.9% 5 Year
    27 Jul 2014
    1.9482
    20.2% 10 Year
    29 Jul 2004
    2.1779
    28.6% 20 Year
    MYR/CNY historic rates & change to 24-Jul-2024
     

    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 Rate Tracker to track and benefit from currency movements.

     
    Track Rate
     

    Manage My Rates   

     

    Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

    Keep track of currency Trends; Up📈 or Down📉 trends over periods from 1 week (1W) to 3 months (3M).

    Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending


     

    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