Convert Chinese Yuan to Malaysian Ringgit
Please provide values below to convert Chinese Yuan [CNY] to Malaysian Ringgit [MYR], or Convert Malaysian Ringgit to Chinese Yuan.
How to Convert Chinese Yuan to Malaysian Ringgit
1 CNY = 1.69539632273007 MYR
Example: convert 15 CNY to MYR:
15 CNY = 15 × 1.69539632273007 MYR = 25.430944840951 MYR
Chinese Yuan to Malaysian Ringgit Conversion Table
| Chinese Yuan | Malaysian Ringgit |
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Chinese Yuan
The Chinese Yuan (CNY) is the official currency of China, also known as Renminbi (RMB), and is used for all monetary transactions within the country.
History/Origin
The Chinese Yuan was introduced in 1949 following the establishment of the People's Republic of China. It has undergone various reforms and reforms, including decimalization in the 1950s and modernization efforts in recent decades to stabilize and internationalize the currency.
Current Use
Today, the CNY is widely used domestically across China and is increasingly recognized internationally, with the Chinese government promoting its use in global trade and finance. It is also a component of the International Monetary Fund's Special Drawing Rights (SDR).
Malaysian Ringgit
The Malaysian Ringgit (MYR) is the official currency of Malaysia, used for all monetary transactions within the country.
History/Origin
The Ringgit was introduced in 1967, replacing the Malayan dollar. It was initially pegged to the British Pound and later to the US Dollar, with a floating exchange rate established in 1998.
Current Use
The MYR is widely used in Malaysia for everyday transactions, banking, and international trade, and is managed by Bank Negara Malaysia, the country's central bank.