Today's MYR to TWD Price Update

Summary

This report provides the real-time exchange rate between the Malaysian Ringgit (MYR) and the New Taiwan Dollar (TWD), helping traders quickly grasp market dynamics and identify potential trading opportunities.

Definition

The Malaysian Ringgit (MYR) and the New Taiwan Dollar (TWD) are important fiat currencies in the Asia-Pacific region. The exchange rate between them reflects market sentiment toward regional economic conditions and currency valuations, serving as a key indicator for traders and investors monitoring Southeast Asian and East Asian financial markets.

Today’s Price

• 1 MYR = 7.78 TWD
• 24h High: 7.8016 TWD
• 24h Low: 7.7977 TWD

Market Analysis

The MYR/TWD currency pair is currently showing neutral momentum, with technical indicators suggesting balanced market conditions.

• Technical levels: The 14-day Relative Strength Index (RSI) stands at 49.241, indicating a neutral position with no overbought or oversold conditions
• Price range: The pair is trading within a tight intraday range between 7.7977 and 7.8016 TWD
• Forecast outlook: Analysts expect the MYR/TWD pair to potentially rise in March, with a projected change of 2.88% compared to current rates

Conclusion

Continue to monitor the MYR/TWD pair closely. With the pair trading in neutral territory and limited volatility in the near term, traders should remain alert for potential upside movements while maintaining disciplined risk management strategies.