Convert EUR to MYR
The EUR/MYR currency pair has a positive correlation with USD/MYR as both the USD and the EUR are considered reserve currencies. In addition, the MYR is closely correlated with commodities such as crude oil and natural gas, which makes EUR/MYR share a negative correlation with crude oil.
EUR/MYR dipped to a low 4.4744 on 28 January 2020. This was the weakest level this forex pair touched so far this year.
The EUR/MYR currency pair experiences quite a bit of volatility as the Malaysian ringgit is an emerging market currency, and sees significant changes in value depending on several external factors.