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 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.
CAD to MYR is at 7-day lows near 3.0866, just 0.7% below its 3-month average of 3.1089, having traded in a quite stable 5.0% range from 3.0417 to 3.1952
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Tracker
1 MYR =
0.3229 CAD
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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:
CAD hits 7-day low vs MYR (3.0866), down 0.7% from 3M avg. Widening CA trade deficit & upcoming jobs data could push CAD lower, while US tariffs on MY imports create headwinds for ringgit. Analysts say oil prices at 30-day highs may provide some CAD support despite regional tensions. #CADMYR #FX
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 * :
The standard OFX CAD-MYR rate is 2.995, -3.3% from the mid-rate. Visit OFX here to secure the better rate.
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 comparison table
the best CAD to MYR exchange rate is 3.0815 from OFX, -0.5% from the mid-market rate 3.0970. The next best rate is 3.0788 from Wise, -0.59% from the mid-rate. Then XE with 3.0784 is -0.6% from the mid-rate.
The Western Union rate is 3.066 which is -1% from the mid-rate.
Among the banks the TD Bank rate is 2.9021 at -6.3% compared to the mid-rate 3.0970.
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.