The comparison table above helps you see the total cost of your currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
CAD to MYR Market Data
Canadian dollar (CAD) to Malaysian ringgit (MYR) market data - latest interbank exchange rate, trend, chart & historic rates.
Is the CAD to MYR Exchange Rate Likely to Improve?
Predicting exchange rate movements is always challenging, as they’re influenced by a wide range of economic and geopolitical factors. One useful way to assess the current value of the Canadian dollar against the Malaysian ringgit is to review how the CAD/MYR rate has changed over time.
The table below shows the percentage change in the CAD to MYR exchange rate across various timeframes—from the past 2 weeks to the last 20 years:
The CAD to MYR exchange rate remains under pressure, primarily due to the current prices of oil and broader economic factors affecting both currencies.
The USD to MYR exchange rate has recently reached its 90-day lows, trading at approximately 4.0485, which is 2.7% below the three-month average of 4.16.
CAD to MYR remains under pressure at 2.9589, 0.8% below its 3-month avg. Analysts attribute this to falling oil prices and broader economic factors, while the MYR appreciates over 8% thanks to strong GDP growth and stable policies in Malaysia. Expect limited volatility ahead
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CAD to MYR Conversion: What Is Your Money Worth?
To help you understand the real-world value of the current exchange rate, the table below shows how much Canadian dollar are worth in Malaysian ringgit across a range of amounts.
This gives a quick view of what you’d get when converting different CAD amounts at today’s rate * :
What is the
best Send Money conversion rate for CAD to MYR?
The best CAD to MYR exchange rate is 2.9479 from OFX . This is -0.5% compared to the mid-market rate 2.9627.
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
Canadian dollar (CAD) to Malaysian ringgit (MYR) rates from different sources before making a conversion.
The above
Loonie to Ringgit comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
banks and other foreign exchange providers against the latest CAD-MYR mid-rate and the possible savings of using various providers.
How do CAD-MYR rates compare between providers?
Looking at the full
CAD to MYR - Send Money comparison table the provider with the best CAD to MYR exchange rate is OFX at 2.9479, -0.5% from the latest mid-market rate 2.9627.
The next best is XE at 2.9449, -0.6% from the mid-rate.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate.
For more competitive rates, you might consider using a specialized currency exchange service
or platforms that offer rates closer to the mid-market rate.