About this pair
CNH/MYR: what to know
The CNH/MYR rate shows how much MYR you get for 1 CNH. Right now, 1 CNH buys 0.6069 MYR at the mid-market rate. In the other direction, 1 MYR is worth 1.6476 CNH.
In the short term CNH is driven mainly by sentiment toward China and offshore flows, while MYR responds to commodity prices and regional demand.
CNH is the “offshore” version of the Chinese yuan, traded mainly in Hong Kong — hence the “H”. The Malaysian Ringgit (MYR) is issued by Bank Negara Malaysia. “Ringgit” means “jagged”, after the milled edges of old Spanish silver dollars.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.