Forex charts are graphical representations of the relative values of various currency pairs. Charts come in three types: line, bar and candlestick charts, and they all tell their own stories. Staying on top of the chart-game is essential for every trader, given the fast-moving nature of the forex business. A proper forex portal will always provide up-to-date forex charts as well as technical analysis of the featured markets. FxExplained Malaysia will focus more on currency pairs including Ringgit and other Asian currency pairs. Below you will see the world’s most common currency pair; EURUSD and also USDMYR and EURMYR, please click on the charts to modify the view of each chart. Further below you have a wide range of clickable pairs where you will get a specific page for that pair with real time information on the value as well as the latest analyses on that specific pair.
The EUR/USD chart represents the amount of USD needed to purchase one EUR, the USD/MYR chart represents the amount of Ringgit needed to purchase one US dollar and the last chart, the EUR/MYR, represents the amount of Ringgit needed to purchase one euro. Click on any currency pair above and you will get a specific page with a chart of that pair where you can play around with time periods, indicators and more in real time. Enjoy.
The Euro (EUR)
The Euro was introduced in 1999 and today the Euro is the closest challenger to the US dollar of becoming the world’s top reserve currency. It has not happened yet even though the currency serves more than 300 million people in Europe including quite a few booming economic countries. The European Central Bank (ECB) is the financial authority governing the Euro.
The US Dollar (USD)
The US dollar is both the world's most traded currency and also the top reserve currency in the world. Most commodities, like gold, are almost exclusively traded in the US dollar. The Federal Reserve is the financial authority governing the US dollar.
The Ringgit (MYR)
The Ringgit is used in Malaysia since 1967, before that the Malayan and British Borneo Dollar was used. The currency code for Ringgit is MYR, but also RM is sometimes used as an official abbreviation for the Ringgit (Malaysian Ringgit). One Ringgit is the same as 100 sen. The currency is issued by the Central Bank of Malaysia, Bank Negara Malaysia, BNM, which is also the financial authority governing the MYR. Bank Negara Malaysia was founded in January 1959 and has its headquarters in Kuala Lumpur. Today the Ringgit only has bank notes, and the sen has coins.