About this pair
CNY/MYR: what to know
The CNY/MYR rate shows how much MYR you get for 1 CNY. Right now, 1 CNY buys 0.6068 MYR at the mid-market rate. In the other direction, 1 MYR is worth 1.6481 CNY.
In the short term CNY is driven mainly by PBoC decisions and Chinese growth, while MYR responds to commodity prices and regional demand.
The Chinese Yuan (CNY) is issued by People’s Bank of China. One yuan = 10 jiao = 100 fen. 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.