Analysis of recent loonie → ringgit forecasts for 2025. We collate forecasts from respected FX analysts together with the latest Canadian dollar to Malaysian ringgit performance and trends.
Forecasts for CAD to MYR
The exchange rate forecast for CAD to MYR reflects a complex interplay of geopolitical developments and commodity price movements. The Canadian dollar (CAD), commonly referred to as the "loonie," has recently gained ground, buoyed by rising oil prices. Analysts note that since Canada is one of the largest oil exporters, the CAD typically appreciates when oil prices are on the rise. However, recent data shows that oil prices are currently at 14-day lows around 63.90 USD per barrel, which is 5.1% below the three-month average of 67.32 USD. Given this backdrop, if oil prices rebound, experts predict that the loonie could extend its recent gains.
On the other hand, the Malaysian ringgit (MYR) faces downward pressure due to the U.S. government's imposition of a 24% tariff on Malaysian imports, part of the broader trade tensions initiated by former President Donald Trump. This tariff announcement has not only affected Malaysia but has contributed to a weakening of several regional currencies, including the MYR. Market analysts have noted a general decline in emerging Asian currencies, with significant moves observed in the Thai baht and South Korean won, both dropping around 2% amid increasing fears of a global trade war.
The current CAD to MYR exchange rate is at 3.0978, which is just below its three-month average and has demonstrated stability within a 5.0% range from 3.0417 to 3.1952 recently. The divergence in economic indicators suggests that while the loonie may benefit from oil price fluctuations, the MYR's outlook could remain challenging unless global trade tensions ease.
In summary, experts point out that the CAD's future strength will largely be contingent on recovery in oil prices and the Bank of Canada's monetary policies, while the MYR's performance will likely be influenced by ongoing trade issues and regional economic sentiment. Investors and businesses engaging in transactions between these currencies should monitor these developments closely, as shifts in the economic landscape could directly impact exchange rates.
Compare & Save - Canadian dollar to Malaysian ringgit
Exchange rates can vary significantly between different currency exchange providers, so it's important to compare
Canadian dollar (CAD) to Malaysian ringgit (MYR) rates from different sources before making a conversion.
Use our
CAD to MYR calculator to see how much you could save on your international money transfers.
makes it easy to compare the Total Cost you are being charged on Loonie to Ringgit currency rates and the possible savings of using various providers.
Will the Canadian dollar rise against the Malaysian ringgit?
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To help with this you can add CAD/MYR to your personalised Rate Tracker to track and benefit from currency movements.
Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more