Convert Malaysian Ringgit to Chinese Yuan (Offshore)
Please provide values below to convert Malaysian Ringgit [MYR] to Chinese Yuan (Offshore) [CNH], or Convert Chinese Yuan (Offshore) to Malaysian Ringgit.
How to Convert Malaysian Ringgit to Chinese Yuan (Offshore)
1 MYR = 0.59002841657395 CNH
Example: convert 15 MYR to CNH:
15 MYR = 15 × 0.59002841657395 CNH = 8.85042624860925 CNH
Malaysian Ringgit to Chinese Yuan (Offshore) Conversion Table
| Malaysian Ringgit | Chinese Yuan (Offshore) |
|---|
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.
Chinese Yuan (Offshore)
CNH (Chinese Yuan Offshore) is the offshore version of China's currency, the Renminbi, used primarily for international trade and investment outside mainland China.
History/Origin
CNH was introduced in 2010 to facilitate offshore trading of the Chinese currency, allowing greater flexibility and internationalization of the Renminbi separate from the onshore RMB (CNY).
Current Use
CNH is widely used in global financial markets for trading, investment, and currency exchange, serving as a key component in international trade involving China.