Convert Malaysian Ringgit to Chinese Yuan
Please provide values below to convert Malaysian Ringgit [MYR] to Chinese Yuan [CNY], or Convert Chinese Yuan to Malaysian Ringgit.
How to Convert Malaysian Ringgit to Chinese Yuan
1 MYR = 0.589832587574402 CNY
Example: convert 15 MYR to CNY:
15 MYR = 15 × 0.589832587574402 CNY = 8.84748881361602 CNY
Malaysian Ringgit to Chinese Yuan Conversion Table
| Malaysian Ringgit | Chinese Yuan |
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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
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).