Convert Chinese Yuan (Offshore) to Malaysian Ringgit
Please provide values below to convert Chinese Yuan (Offshore) [CNH] to Malaysian Ringgit [MYR], or Convert Malaysian Ringgit to Chinese Yuan (Offshore).
How to Convert Chinese Yuan (Offshore) to Malaysian Ringgit
1 CNH = 1.69483362480503 MYR
Example: convert 15 CNH to MYR:
15 CNH = 15 × 1.69483362480503 MYR = 25.4225043720754 MYR
Chinese Yuan (Offshore) to Malaysian Ringgit Conversion Table
| Chinese Yuan (Offshore) | Malaysian Ringgit |
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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.
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.