Analysis of recent ringgit → New Taiwan dollar forecasts for 2025. We collate forecasts from respected FX analysts together with the latest Malaysian ringgit to New Taiwan dollar performance and trends.
Forecasts for MYR to TWD
The recent exchange rate forecasts for the Malaysian Ringgit (MYR) against the Taiwan Dollar (TWD) indicate a bearish outlook amid escalating trade tensions. Analysts have observed that the MYR is currently trading at 30-day lows near 6.9594, which is significantly 3.9% below its 3-month average of 7.2452. This downward trend aligns with broader market sentiment, as Asia’s emerging currencies have faced pressures from the ongoing US-China trade war sparked by the Trump administration's announcement of tariffs on various goods.
The imposition of a reciprocal 24% tariff on imports from Malaysia, as well as a 32% tariff on Taiwanese goods, has contributed to increased volatility in regional currencies. The MYR has traded in an 8.1% range recently, reflecting concerns over Malaysia's economic resilience in light of these developments. Experts suggest that Malaysia's response—or lack thereof—to the tariffs, particularly the decision not to retaliate but to seek regional collaboration, may mitigate some immediate negative impacts; however, the overall sentiment remains fraught with uncertainty.
Additionally, while the MYR is experiencing downward pressure, the TWD faces its own challenges, primarily resulting from a potential global tech slowdown and heightened geopolitical tensions concerning Taiwan and China. The technology sector, crucial for the Taiwanese economy, could see diminished growth prospects, which may further weaken the TWD.
Moreover, fluctuations in oil prices play a pivotal role in the MYR's performance, given Malaysia's status as a significant oil exporter. The recent uptick in oil prices, with Brent Crude OIL/USD trading at $74.23—10.9% above its 3-month average of $66.94—could provide some support to the MYR. Nonetheless, as markets adjust to rising tariffs and ongoing geopolitical tensions, the general outlook for the MYR toward the TWD appears precarious, necessitating close monitoring of both economic fundamentals and geopolitical developments in the coming weeks.
6.9594We compare provider deals to this wholesale mid-market rate. Read more
TWD
▼-0.6%
30d-lows
MYR to TWD is at 30-day lows near 6.9594, 3.9% below its 3-month average of 7.2452, having traded in a fairly volatile 8.1% range from 6.9394 to 7.5038
Compare & Save - Malaysian ringgit to New Taiwan dollar
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Malaysian ringgit (MYR) to New Taiwan dollar (TWD) rates from different sources before making a conversion.
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Will the Malaysian ringgit rise against the New Taiwan dollar?
This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the Malaysian ringgit vs New Taiwan dollar current value is to look the MYR/TWD historic rate and change over a range of periods.
The following table looks at the change in the MYR to TWD exchange rate over periods from the previous week back to the last 10 years.
Date
MYR/TWD
Change
Period
07 Jul 2023
6.6977
2.6% ▲
2 Week
22 Apr 2023
6.9039
0.5% ▼
3 Month
21 Jul 2022
6.7075
2.4% ▲
1 Year
22 Jul 2018
7.5300
8.8% ▼
5 Year
23 Jul 2013
9.3904
26.8% ▼
10 Year
26 Jul 2003
9.1119
24.6% ▼
20 Year
MYR/TWD historic rates & change to 21-Jul-2023
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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