Today's CNY to MYR Price Update

CommunityLurker · 2026-01-01T03:00:28+00:00

This report analyzes the CNY/MYR exchange rate, detailing current prices, market dynamics, and technical indicators. It advises traders to monitor key levels and manage positions amid mixed signals.

CommunityLurker

2026-01-01 03:00:28

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Summary

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

Definition

The Chinese Yuan (CNY) is one of the world’s major fiat currencies, while the Malaysian Ringgit (MYR) is an important regional currency in Southeast Asia. The exchange rate between them reflects market perceptions of currency valuations and investor confidence in the economic fundamentals of both nations.

Today’s Price

1 CNY = 0.577 MYR
24h High: 0.58144 MYR
24h Low: 0.5763 MYR
Current Rate: 0.57968 MYR

Market Analysis

The CNY/MYR pair has been experiencing notable price movements, with recent technical indicators showing mixed signals across different timeframes.

Technical Indicators: The 14-day RSI for CNY/MYR stands at 61.735, suggesting bullish conditions, while the pair exhibits a volatility rate of 0.36% over the last 30 days
Price Action: The pair has maintained relatively tight trading ranges within the 24-hour window
Risk Note: Mixed technical signals warrant careful position management; traders should monitor support and resistance levels closely

Conclusion

Continue to monitor the CNY/MYR pair closely, integrating technical indicators with market sentiment and regional economic developments. For traders, focus on the established support and resistance zones while remaining vigilant to shifts in technical momentum.

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