Currency exchange rate Malaysian Ringgit against the SAFE. Chart, history price and prediction on tomorrow, next month, 2024 year

On this page, you can always find detailed information about the Malaysian Ringgit currency exchange rate against the SAFE currency:
currency exchange rate history, background information, prediction and more about MYR/SAFE

Chart of History of changes in the MYR/SAFE exchange rate

MYR/SAFE exchange rate on today

05 15, 2024
1 MYR = 2.470624 SAFE
▼ -8.97 %

This page provides information about the currency pair Malaysian Ringgit/SAFE, and more precisely about how much 1 Malaysian Ringgit costs in SAFE.

Data on the currency pair MYR/SAFE are presented by the world's leading exchanges and Central banks of the countries that issue these currencies. We constantly update this data so that you get only the most up-to-date information about the currency pair MYR/SAFE and make a balanced decision about buying and selling the currency you are interested in.

The page also provides information about the dynamics of the exchange rate of Malaysian Ringgit/SAFE, statistics and prediction of the exchange rate of these currencies in the near future from our experts.

How to make a forecast for currencies and cryptocurrencies?

There are several approaches to forecasting the exchange rate of currencies and cryptocurrencies:

  1. Fundamental analysis: This approach involves analyzing economic and financial data to determine the intrinsic value of a currency or cryptocurrency. This can include factors such as interest rates, inflation rates, economic growth, political stability, and fiscal policy. Based on this analysis, investors can make predictions about the future exchange rate.

  2. Technical analysis: This approach involves analyzing past market data, such as price and volume, to identify patterns and trends that can be used to predict future market movements. Technical analysis can be used to identify support and resistance levels, momentum indicators, and other factors that can influence the exchange rate.

  3. Sentiment analysis: This approach involves analyzing market sentiment and investor behavior to predict future market movements. Sentiment analysis can include monitoring social media, news articles, and other sources of market sentiment to gauge investor sentiment and predict market movements.

  4. Machine learning: This approach involves using statistical models and machine learning algorithms to analyze vast amounts of market data and make predictions about future market movements. Machine learning can be used to identify patterns and relationships in market data that might not be visible to the human eye.

In summary, there are several approaches to forecasting the exchange rate of currencies and cryptocurrencies, including fundamental analysis, technical analysis, sentiment analysis, and machine learning. Each approach has its strengths and weaknesses, and investors may use a combination of approaches to make more accurate predictions about future market movements.

Change in the MYR/SAFE exchange rate over the past 30 days

For the last 30 days (04 16, 2024 — 05 15, 2024) the Malaysian Ringgit exchange rate against the SAFE currency changed by 17.52% (2.102368 SAFE — 2.470624 SAFE)

Change in the MYR/SAFE exchange rate over the past 90 days

For the last 90 days (02 16, 2024 — 05 15, 2024) the Malaysian Ringgit exchange rate against the SAFE currency changed by 41.28% (1.748772 SAFE — 2.470624 SAFE)

Change in the MYR/SAFE exchange rate over the past 365 days

For the last 365 days (05 17, 2023 — 05 15, 2024) the Malaysian Ringgit exchange rate against the SAFE currency changed by -16.58% (2.961765 SAFE — 2.470624 SAFE)

Change in the MYR/SAFE exchange rate for all time

For all the time our site has been running (04 10, 2020 — 05 15, 2024) the Malaysian Ringgit exchange rate against the SAFE currency changed by 309.25% (0.60368908 SAFE — 2.470624 SAFE)

Malaysian Ringgit/SAFE price prediction

Malaysian Ringgit/SAFE price prediction for the next 30 days*

17/05 2.667993 SAFE ▲ 7.99 %
18/05 2.600174 SAFE ▼ -2.54 %
19/05 2.676072 SAFE ▲ 2.92 %
20/05 2.518954 SAFE ▼ -5.87 %
21/05 2.217067 SAFE ▼ -11.98 %
22/05 2.232697 SAFE ▲ 0.71 %
23/05 2.56181 SAFE ▲ 14.74 %
24/05 2.782991 SAFE ▲ 8.63 %
25/05 2.790835 SAFE ▲ 0.28 %
26/05 2.568854 SAFE ▼ -7.95 %
27/05 2.553742 SAFE ▼ -0.59 %
28/05 2.345105 SAFE ▼ -8.17 %
29/05 2.462987 SAFE ▲ 5.03 %
30/05 4.680928 SAFE ▲ 90.05 %
31/05 4.961977 SAFE ▲ 6 %
01/06 2.035577 SAFE ▼ -58.98 %
02/06 1.911387 SAFE ▼ -6.1 %
03/06 1.940847 SAFE ▲ 1.54 %
04/06 3.64513 SAFE ▲ 87.81 %
05/06 3.631051 SAFE ▼ -0.39 %
06/06 1.7282 SAFE ▼ -52.4 %
07/06 1.89661 SAFE ▲ 9.74 %
08/06 1.631664 SAFE ▼ -13.97 %
09/06 1.476938 SAFE ▼ -9.48 %
10/06 1.323419 SAFE ▼ -10.39 %
11/06 1.480983 SAFE ▲ 11.91 %
12/06 1.553162 SAFE ▲ 4.87 %
13/06 1.7375 SAFE ▲ 11.87 %
14/06 1.966124 SAFE ▲ 13.16 %
15/06 2.092439 SAFE ▲ 6.42 %

* — Price prediction of the Malaysian Ringgit/SAFE currency pair are compiled by our specialists based on statistical data, global trends and major business news. Price prediction for 30 days, 3 months, and a year are made by different experts and may have slight differences.

Malaysian Ringgit/SAFE price prediction for the next 3 months*

20/05 — 26/05 2.350086 SAFE ▼ -4.88 %
27/05 — 02/06 2.243794 SAFE ▼ -4.52 %
03/06 — 09/06 2.374856 SAFE ▲ 5.84 %
10/06 — 16/06 2.320629 SAFE ▼ -2.28 %
17/06 — 23/06 2.276749 SAFE ▼ -1.89 %
24/06 — 30/06 1.718364 SAFE ▼ -24.53 %
01/07 — 07/07 1.97706 SAFE ▲ 15.05 %
08/07 — 14/07 2.079086 SAFE ▲ 5.16 %
15/07 — 21/07 5.461086 SAFE ▲ 162.67 %
22/07 — 28/07 1.712531 SAFE ▼ -68.64 %
29/07 — 04/08 1.829552 SAFE ▲ 6.83 %
05/08 — 11/08 2.200108 SAFE ▲ 20.25 %

Malaysian Ringgit/SAFE price prediction for the next year*

06/2024 2.397933 SAFE ▼ -2.94 %
07/2024 2.897827 SAFE ▲ 20.85 %
08/2024 2.728639 SAFE ▼ -5.84 %
09/2024 2.632635 SAFE ▼ -3.52 %
10/2024 1.71055 SAFE ▼ -35.03 %
11/2024 1.23174 SAFE ▼ -27.99 %
12/2024 1.118493 SAFE ▼ -9.19 %
01/2025 0.94705243 SAFE ▼ -15.33 %
02/2025 1.215792 SAFE ▲ 28.38 %
03/2025 1.285859 SAFE ▲ 5.76 %
04/2025 1.481595 SAFE ▲ 15.22 %
05/2025 1.732862 SAFE ▲ 16.96 %

Malaysian Ringgit/SAFE exchange rate statistics

For 30 days
Minimum 1.806453 SAFE
Maximum 2.47251 SAFE
Weighted Average 2.468691 SAFE
For 90 days
Minimum 1.726785 SAFE
Maximum 2.655565 SAFE
Weighted Average 2.241782 SAFE
For 365 days
Minimum 0.18608435 SAFE
Maximum 5.318104 SAFE
Weighted Average 3.157386 SAFE

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Our expert

All forecasts on our website are made by our professional financial experts. Here are just a few of them:

Anthony Carter Anthony Carter CEO, lead analyst
David Bailey David Bailey Managing Director, Director of research Department
Anthony Glenn Anthony Glenn Deputy head of analytical Department
Joseph Hensley Joseph Hensley Senior analyst, markets and equities Department