Rate direction
Malaysian ringgit to Chinese yuan · MYR/CNY trend
Review the recent market direction, current mid-market rate and significant movement alerts.
90-day market context
MYR to CNY is at 7-day lows near 1.6545, 1.7% below its 3-month average of 1.683, having traded in a relatively stable 6.6% range from 1.6326 to 1.7398
Quick MYR/CNY forecast
Currency Forecasts related to MYR/CNY
MYR to CNY Exchange Rate Forecast & Outlook
Currently, MYR/CNY is trading close to recent lows, supported by a broader risk-off environment and subdued market movements. Over the next few sessions, the pair may remain supported but could continue to...
MYR to CNY Conversion: What Is Your Money Worth?
View common conversion amounts at today’s mid-market rate
To help you understand the real-world value of the current exchange rate, the table below shows how much Malaysian ringgit are worth in Chinese yuan across a range of amounts.
This gives a quick view of what you’d get when converting different MYR amounts at today’s rate * :
*Converted at the current MYR-CNY interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
What is the
best Send Money conversion rate for MYR to CNY?
The best MYR to CNY exchange rate is 1.6442 from Wise. This is -0.75% compared to the mid-market rate 1.6567.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Malaysian ringgit (MYR) to Chinese yuan (CNY) rates from different sources before making a conversion.
The above Ringgit to Yuan comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by banks and other foreign exchange providers against the latest MYR-CNY mid-rate and the possible savings of using various providers.
How do MYR-CNY rates compare between providers?
Looking at the full MYR to CNY - Send Money comparison table the provider with the best MYR to CNY exchange rate is Wise at 1.6442, -0.75% from the latest mid-market rate 1.6567.
Among the banks the CIMB Bank rate is 1.6053 at -3.1% the OCBC Bank rate is 1.5987 at -3.5% and the Maybank rate is 1.5987 at -3.5% compared to the mid-rate 1.6567.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.