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MYR to TWD 2024 Forecasts

Analysis of recent Ringgit → New Taiwan dollar forecasts for 2024. 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

 

FX analysts have diverse forecasts for the Malaysian Ringgit (MYR) against the Taiwan Dollar (TWD) in the near term. Some analysts expect the MYR to face continued pressure against a strong US Dollar, with potential for intermittent bounces. Societe Generale anticipates the USD/MYR pair to trend higher, possibly towards 4.95. On the other hand, Hong Leong Bank holds a neutral-to-bearish view for the MYR, highlighting that sustained USD strength could impact the Malaysian currency negatively. Maybank also expects the MYR to remain under pressure in the near term.

Recent price data indicates that MYR to TWD is currently trading near 30-day highs around 6.6604, within a stable range over the past few months. Factors such as a global tech slowdown and geopolitical tensions, particularly related to Taiwan's significant technology sector and geopolitical risks, could influence the Taiwan Dollar's (TWD) performance. Additionally, the price of Brent Crude oil, which can impact the MYR due to Malaysia being among the largest oil producers in Asia, has recently been trading at 90-day highs near 83.62. This volatility in oil prices could also contribute to fluctuations in the MYR against the TWD in the coming period.

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MYR to TWD Market Data

Malaysian ringgit (MYR) to New Taiwan dollar (TWD) market data - latest interbank exchange rate, trend, chart & historic rates.

 
1 MYR =
6.6535We compare provider deals to this wholesale mid-market rate. Read more
TWD
+0.3%
📈1M
MYR to TWD is at 30-day highs near 6.6561, near its 3-month average, having traded in a very stable 3.1% range from 6.5535 to 6.7594
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  1 TWD = 0.1503 MYR

Compare & Save - Malaysian ringgit to New Taiwan dollar

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

Use our MYR to TWD 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 New Taiwan dollar currency rates and the possible savings of using various providers.

 
DateMYR/TWDChangePeriod
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
 

Will the Malaysian ringgit rise against the New Taiwan dollar?

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/TWD to your personalised Rate Tracker to track and benefit from currency movements.

 
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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 Taiwan - a practical currency and money guide to travel, living and doing business in Taiwan with the New Taiwan dollar.

 
 

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