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MYR to CNY - Rate Guide

Malaysian Ringgit to Chinese Yuan exchange rates aren't all the same.

The total cost you are charged by your bank or foreign exchange provider consists of a margin from the interbank mid-rate plus fees. These margins and fees vary significantly for International Money Transfers and Travel Money/Card transactions as shown below.

 

1 MYR = 1.6842 CNY

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MYR to CNY - Trading Range (90 Day)
90-DAY LOW (6d)
MYR/CNY at 1.6871 is trading near the 90-day average 1.6924 with a range 1.6834 to 1.7062. There are no current rate alerts.
16-Feb-2020 16:NY 21:LON 08:SYD+1d

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Quick Conversions from Malaysian Ringgit to Chinese Yuan

MYR

CNY

RM 1
¥ 1.6842
RM 5
¥ 8.4210
RM 10
¥ 16.84
RM 20
¥ 33.68
RM 50
¥ 84.21
RM 100
¥ 168.42
RM 250
¥ 421.05
RM 500
¥ 842.10
RM 1,000
¥ 1,684
RM 2,000
¥ 3,368
RM 5,000
¥ 8,421
RM 10,000
¥ 16,842
RM 50,000
¥ 84,210
RM 100,000
¥ 168,420
More amounts

MYR

CNY

RM 0.5938
¥ 1
RM 2.9690
¥ 5
RM 5.9380
¥ 10
RM 11.88
¥ 20
RM 29.69
¥ 50
RM 59.38
¥ 100
RM 148.45
¥ 250
RM 296.90
¥ 500
RM 593.80
¥ 1,000
RM 1,188
¥ 2,000
RM 2,969
¥ 5,000
RM 5,938
¥ 10,000
RM 29,690
¥ 50,000
RM 59,380
¥ 100,000
More amounts

To calculate specific MYR/CNY amounts use our Convert MYR to CNY quick calculator.


Comparing Foreign Exchange Providers

The total cost you are charged by your foreign exchange provider consists of the margin from the mid-rate offered plus any fixed or percentage fees. These margins and fees vary significantly for International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions.

The Exchange rate you are offered can also vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for MYR/CNY International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
  

MYR to CNY International Money Transfers

  

Foreign Transfer ProvidersReceive CNY(¥)Exchange RateFee MYRTotal CostDeal Links
TransferWise logo
16,778 ¥1.6864RM510.61%
OFX logo
16,678 ¥1.66780 for BER users (normally $15)1.2%
Maybank International Money Transfers
Maybank logo
16,127 ¥1.629RM1004.47%
OCBC Bank International Money Transfers
OCBC Bank logo
16,127 ¥1.629RM1004.47%
United Overseas Bank International Money Transfers
United Overseas Bank logo
16,127 ¥1.629RM1004.47%
Banks - Average Rate
Citibank logo Maybank logo HSBC logo OCBC Bank logo United Overseas Bank logo
16,017 ¥1.6124155.12%
HSBC logo
15,924 ¥1.5948RM155.67%
Citibank International Money Transfers
Citibank logo
15,782 ¥1.5801126.51%
 
TransferWise logo
TransferWise: Foreign Transfer MYR→CNY
From Amount (MYR)RM10,000
Fee:RM51 MYR (0.5% + RM1)
Exchange Rate:1.6864 (0.1% from mid-rate)
To Amount (CNY)16,778 ¥
Total Cost:0.61%
Time:1:08 Local
Transfer Speed:0-2 days
Services:Bank Transfers - Online, Foreign Currency Accounts + Multi-currency debit card
Rating:
 
: 4.6/5.0
Reviews:
 
OFX logo
OFX: Foreign Transfer MYR→CNY
From Amount (MYR)RM10,000
Fee:0 for BER users (normally $15)
Exchange Rate:1.6678 (1.2% from mid-rate)
To Amount (CNY)16,678 ¥
Total Cost:1.2%
Difference:
¥100 CNY less than using TransferWise
Time:
Rate Fetched: 1:08 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
Maybank logo
Maybank: Foreign Transfer MYR→CNY
From Amount (MYR)RM10,000
Fee:RM100 MYR (1%)
Exchange Rate:1.6290 (3.5% from mid-rate)
To Amount (CNY)16,127 ¥
Total Cost:4.47%
Difference:
¥651 CNY less than using TransferWise
Time:1:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
OCBC Bank logo
OCBC Bank: Foreign Transfer MYR→CNY
From Amount (MYR)RM10,000
Fee:RM100 MYR (1%)
Exchange Rate:1.6290 (3.5% from mid-rate)
To Amount (CNY)16,127 ¥
Total Cost:4.47%
Difference:
¥651 CNY less than using TransferWise
Time:1:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
United Overseas Bank logo
United Overseas Bank: Foreign Transfer MYR→CNY
From Amount (MYR)RM10,000
Fee:RM100 MYR (1%)
Exchange Rate:1.6290 (3.5% from mid-rate)
To Amount (CNY)16,127 ¥
Total Cost:4.47%
Difference:
¥651 CNY less than using TransferWise
Time:1:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer MYR→CNY
From Amount (MYR)RM10,000
Fee:15
Exchange Rate:1.6127 (4.47% from mid-rate)
To Amount (CNY)16,017 ¥
Total Cost:5.12%
Difference:
¥761 CNY less than using TransferWise
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
HSBC logo
HSBC: Foreign Transfer MYR→CNY
From Amount (MYR)RM10,000
Fee:RM15 MYR (.15%)
Exchange Rate:1.5948 (5.53% from mid-rate)
To Amount (CNY)15,924 ¥
Total Cost:5.67%
Difference:
¥854 CNY less than using TransferWise
Time:1:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Citibank logo
Citibank: Foreign Transfer MYR→CNY
From Amount (MYR)RM10,000
Fee:12
Exchange Rate:1.5801 (6.4% from mid-rate)
To Amount (CNY)15,782 ¥
Total Cost:6.51%
Difference:
¥996 CNY less than using TransferWise
Time:1:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 02/17/2020 - View latest rates

Country Guides (MYR & CNY)

ChinaChina (CNY)MalaysiaMalaysia (MYR)

MYR and CNY in the Markets

When determining the best time to make a foreign exchange transaction, in this case the MYR vs CNY, you should pay attention to the recent market trends for both currencies.

Malaysian Ringgit (MYR)

Malaysia was added to a US watchlist of suspected currency manipulators in May. Though that means little right now in terms of economic implications, it added to negative sentiment, which then spurred a rise in USD/MYR to a 6-month high (MYR low) of RM4.2.

Among factors contributing to the ringgit’s weakness over the past year has been political uncertainty relating to Malaysia’s ruling Pakatan Harapan coalition, late-2018’s crash in oil prices, global trade tensions and higher US interest rates.

Read more in the article MYR Forecasts.

 

Chinese Yuan (CNY)

In early August the offshore yuan surged to a decade high of 7.05 per US dollar, breaking the symbolic and closely watched USD/CNY = 7.0 exchange rate, after the trade war flared up again and the US labelled China a "currency manipulator".

Increasingly, the yuan is being used as a barometer for progress made on US-China trade talks.

Trade tensions have ramped up again since May when President Trump announced higher tariffs on Chinese goods, after China retaliated with tariffs of its own, and then after Trump placed Huawei on the "entity list," thereby making it impossible for the tech giant to do business with US firms.


How to get Best MYR to CNY Exchange Rates

All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate).

The transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

When is the best time to exchange MYR to CNY?

Getting a good market rate is all about timing to help with this you can use BER Smart Alerts to make the most of currency movements.

Rather than requiring you to set a target rate, our rate alerts work differently. We check for daily high/lows and changes (up/down) over a range of periods up to 90 days rather than requiring you to set target rates.

Setup myBER FX Alerts

It is also a good idea to be aware of the change in the historic MYR/CNY exchange rate over longer periods.

MYR/CNY - Historical Rates

PeriodMYR/CNYDate
1 Day1.685910 Feb 2020
7 Day1.702604 Feb 2020
30 Day1.697312 Jan 2020
3 Month1.691013 Nov 2019
1 Year1.666611 Feb 2019
5 Year1.731312 Feb 2015
10 Year1.996413 Feb 2010

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