Today's MYR to CNY Price Update

Summary

This report provides the real-time exchange rate between the Malaysian Ringgit (MYR) and Chinese Yuan (CNY), helping traders quickly grasp market dynamics and identify potential trading opportunities.

Definition

The Malaysian Ringgit (MYR) and Chinese Yuan (CNY) are major fiat currencies in the Asia-Pacific region. The exchange rate between them reflects bilateral trade dynamics, monetary policy divergence, and regional economic conditions affecting both Malaysia and China.

Today’s Price

• 1 MYR = 1.76 CNY
• 24h High: 1.7811 CNY
• 24h Low: 1.7691 CNY

Market Analysis

The MYR/CNY pair has been in a downtrend since late 2020, with prices declining steadily. Current technical indicators present mixed signals for the near term.

• Technical levels: The 14-day RSI stands at 56.645, suggesting a neutral to slightly bullish bias. Moving average analysis shows 12 Sell signals against 0 Buy signals, indicating a Strong Sell outlook from the longer-term perspective.
• Risk note: The pair remains vulnerable to continued downside pressure given the prevailing bearish technical setup from moving averages. Short-term volatility remains subdued at 0.53% over the last 30 days.
• Trading opportunities: Monitor support levels as the pair potentially continues its established downtrend. Traders should watch for potential reversals if technical conditions shift.

Conclusion

Continue to monitor the MYR/CNY pair through February 2026 and beyond, integrating technical indicators with regional economic developments. The conflicting signals between RSI and moving averages warrant careful position management and risk awareness.