Today's CNY to MYR Price Update

Summary

This report provides the real-time exchange rate between the Chinese Yuan (CNY) and 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) represents the currency of Southeast Asia’s significant economy. The exchange rate between them reflects market perceptions of both currencies’ relative strength and investor confidence in regional economic stability.

Today’s Price

• 1 CNY = 0.569 MYR
• 24h High: 0.56949 MYR
• 24h Low: 0.56866 MYR

Market Analysis

The CNY/MYR exchange rate has shown relatively tight trading within a narrow range as of February 7, 2026. Technical indicators present mixed signals for near-term direction.

• Technical levels: Fibonacci pivot point performance value at 0.5670 MYR serves as a key reference level
• Indicator signals: Moving averages show Buy (7) vs Sell (5) signals, suggesting a balanced but slightly bullish bias; Williams %R at -38.739 indicates potential buying pressure
• Risk note: Volatility in regional economic data or shifts in monetary policy could impact the pair’s direction
• Trading opportunities: Monitor the range between 0.56866–0.56949 MYR for potential mean reversion trades

Conclusion

Continue to monitor the CNY/MYR pair closely, integrating technical signals with regional economic developments. Traders should pay attention to support and resistance levels identified through pivot point analysis for optimal entry and exit positioning.