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