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CAD to MYR - Rate Guide

Canadian Dollar to Malaysian Ringgit exchange rates aren't all the same.

The total cost you are charged by your bank or foreign exchange provider consists of a margin from the interbank mid-rate plus fees. These margins and fees vary significantly for International Money Transfers and Travel Money/Card transactions as shown below.

 

1 CAD = 3.1341 MYR

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CAD to MYR - Trading Range (90 Day)
ALERT: 30-DAY HIGHS 🔔 |
CAD/MYR at 3.125 is trading near the 90-day average 3.1315 with a range 3.0833 to 3.1703. ALERT: CAD/MYR has risen to 30-DAY HIGHS.
16-Feb-2020 16:NY 21:LON 08:SYD+1d

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Quick Conversions from Canadian Dollar to Malaysian Ringgit

CAD

MYR

C$ 1
RM 3.1341
C$ 5
RM 15.67
C$ 10
RM 31.34
C$ 20
RM 62.68
C$ 50
RM 156.71
C$ 100
RM 313.41
C$ 250
RM 783.53
C$ 500
RM 1,567
C$ 1,000
RM 3,134
C$ 2,000
RM 6,268
C$ 5,000
RM 15,671
C$ 10,000
RM 31,341
C$ 50,000
RM 156,705
C$ 100,000
RM 313,410
More amounts

CAD

MYR

C$ 0.3191
RM 1
C$ 1.5955
RM 5
C$ 3.1910
RM 10
C$ 6.3820
RM 20
C$ 15.96
RM 50
C$ 31.91
RM 100
C$ 79.78
RM 250
C$ 159.55
RM 500
C$ 319.10
RM 1,000
C$ 638.20
RM 2,000
C$ 1,596
RM 5,000
C$ 3,191
RM 10,000
C$ 15,955
RM 50,000
C$ 31,910
RM 100,000
More amounts

To calculate specific CAD/MYR amounts use our Convert CAD to MYR quick calculator.


Comparing Foreign Exchange Providers

The total cost you are charged by your foreign exchange provider consists of the margin from the mid-rate offered plus any fixed or percentage fees. These margins and fees vary significantly for International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions.

The Exchange rate you are offered can also vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for CAD/MYR International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
  

CAD to MYR International Money Transfers

  

Foreign Transfer Providers Receive MYR(RM)Exchange RateFee CADTotal CostDeal Links
OFX logo
30,347 RM
Best Overall
3.03470^2.99%
XE logo
30,892 RM
RM545 more
3.089201.25%
TD Canada Trust logo
29,793 RM
RM554 less
3.0094C$1004.76%
HSBC logo
29,710 RM
RM637 less
2.9755C$155.03%
Banks - Average Rate
Coast Capital Savings logo Scotiabank logo HSBC logo TD Canada Trust logo Royal Bank of Canada logo
29,521 RM
RM826 less
2.9768155.63%
Coast Capital Savings International Money Transfers
Coast Capital Savings logo
29,487 RM
RM860 less
2.9785C$1005.74%
Scotiabank logo
29,457 RM
RM890 less
2.9755C$1005.84%
Royal Bank of Canada logo
29,156 RM
RM1,191 less
2.9451C$1006.8%
 
OFX logo
OFX: Foreign Transfer CAD→MYR
From Amount (CAD)C$10,000
Fee:0^ - No fees for BestExchangeRates users (normally $15 for smaller transfers)
Exchange Rate:3.0347 (2.99% from mid-rate)
To Amount (MYR)30,347 RM
Total Cost:2.99%
Time:
Rate Fetched: Mon Feb 17 2020 06:06:09 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
XE logo
XE: Foreign Transfer CAD→MYR
From Amount (CAD)C$10,000
Fee:
Exchange Rate:3.0892 (1.25% from mid-rate)
To Amount (MYR)30,892 RM
Total Cost:1.25%
Difference:
RM545 MYR more than using OFX
Time:6:07 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
 
TD Canada Trust logo
TD Canada Trust: Foreign Transfer CAD→MYR
From Amount (CAD)C$10,000
Fee:C$100 CAD (1%)
Exchange Rate:3.0094 (3.8% from mid-rate)
To Amount (MYR)29,793 RM
Total Cost:4.76%
Difference:
RM554 MYR less than using OFX
Time:6:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
HSBC logo
HSBC: Foreign Transfer CAD→MYR
From Amount (CAD)C$10,000
Fee:C$15 CAD (.15%)
Exchange Rate:2.9755 (4.88% from mid-rate)
To Amount (MYR)29,710 RM
Total Cost:5.03%
Difference:
RM637 MYR less than using OFX
Time:6:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer CAD→MYR
From Amount (CAD)C$10,000
Fee:15
Exchange Rate:2.9719 (5% from mid-rate)
To Amount (MYR)29,521 RM
Total Cost:5.63%
Difference:
RM826 MYR less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
Coast Capital Savings logo
Coast Capital Savings: Foreign Transfer CAD→MYR
From Amount (CAD)C$10,000
Fee:C$100 CAD (1%)
Exchange Rate:2.9785 (4.79% from mid-rate)
To Amount (MYR)29,487 RM
Total Cost:5.74%
Difference:
RM860 MYR less than using OFX
Time:6:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Scotiabank logo
Scotiabank: Foreign Transfer CAD→MYR
From Amount (CAD)C$10,000
Fee:C$100 CAD (1%)
Exchange Rate:2.9755 (4.88% from mid-rate)
To Amount (MYR)29,457 RM
Total Cost:5.84%
Difference:
RM890 MYR less than using OFX
Time:6:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Royal Bank of Canada logo
Royal Bank of Canada: Foreign Transfer CAD→MYR
From Amount (CAD)C$10,000
Fee:C$100 CAD (1%)
Exchange Rate:2.9451 (5.86% from mid-rate)
To Amount (MYR)29,156 RM
Total Cost:6.8%
Difference:
RM1,191 MYR less than using OFX
Time:6:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 02/17/2020 - View latest rates

Example of the margins and possible savings when you order travel money online with a currency specialist rather than in-person from banks and currency kiosks.

Travel Money Providers Amount MYR(RM)Exchange RateFee CADTotal CostDeal Links
Travelex Online CA logo
3,018.8 RM
Best Overall
3.0188$03.5%
Royal Bank of Canada logo
2,952.4 RM
RM66 less
2.952405.62%
TD Canada Trust logo
2,922.2 RM
RM97 less
2.922206.59%
Banks - Average Rate
Scotiabank logo TD Canada Trust logo Royal Bank of Canada logo
2,915 RM
RM104 less
2.9343C$106.83%
Scotiabank logo
2,869.64 RM
RM149 less
2.9282C$208.27%
 
Travelex Online CA logo
Travelex Online CA: Travel Money CAD→MYR
From Amount (CAD)C$1,000
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:3.0188 (3.5% from mid-rate)
To Amount (MYR)3,018.8 RM
Total Cost:3.5%
Time:
Rate Fetched: 6:07 Local
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
Royal Bank of Canada logo
Royal Bank of Canada: Travel Money CAD→MYR
From Amount (CAD)C$1,000
Fee:
Exchange Rate:2.9524 (5.62% from mid-rate)
To Amount (MYR)2,952.4 RM
Total Cost:5.62%
Time:6:07 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 
TD Canada Trust logo
TD Canada Trust: Travel Money CAD→MYR
From Amount (CAD)C$1,000
Fee:
Exchange Rate:2.9222 (6.59% from mid-rate)
To Amount (MYR)2,922.2 RM
Total Cost:6.59%
Time:6:07 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Travel Money CAD→MYR
From Amount (CAD)C$1,000
Fee:C$10 CAD (1%)
Exchange Rate:2.7373 (12.5% from mid-rate)
To Amount (MYR)2,915 RM
Total Cost:6.83%
Currency Services:Branch
Delivery/Collect:-
 
Scotiabank logo
Scotiabank: Travel Money CAD→MYR
From Amount (CAD)C$1,000
Fee:C$20 CAD (Minimum fee)
Exchange Rate:2.9282 (6.4% from mid-rate)
To Amount (MYR)2,869.64 RM
Total Cost:8.27%
Time:6:07 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Snapshot 02/17/2020 - View latest rates

Country Guides (CAD & MYR)

CanadaCanada (CAD)MalaysiaMalaysia (MYR)

CAD and MYR in the Markets

When determining the best time to make a foreign exchange transaction, in this case the CAD vs MYR, you should pay attention to the recent market trends for both currencies.

Canadian Dollar (CAD)

Growing fears of the coronavirus outbreak has moved the market into safer currencies such as the USD and away from AUD, NZD and CAD.

The threat of proxy war between the US and Iran in Iraq also pared back some of the gains the Loonie had made coming into the New Year.

The Canadian dollar was range bound during the second half of 2019 oscillating between US75c and US76.5c. Mid-year the loonie stormed ahead in June and July, rising to what turned out to be the 2019 high against the US dollar of US76.7cents and to 8-month highs against the euro, pound, Australian and New Zealand dollars. Against the Aussie, a minimal additional increase would take CAD to a 9-year high.

Supporting the loonie was a 10 percent rise in the oil price (oil is among Canada’s most exported products but is volatile and can’t be relied upon), a large and welcome jump in inflation, and dovishness at major central banks of the world, including the Federal Reserve, ECB and RBA.

The USMCA was signed by the United States, Mexico and Canadian on November 30 at the G20 Summit in Buenos Aires. Any delay to Canadian ratification of the USMCA trade deal would have likely depressed sentiment on Canada’s currency.

Read more in the article CAD Forecasts.

 

Malaysian Ringgit (MYR)

Malaysia was added to a US watchlist of suspected currency manipulators in May. Though that means little right now in terms of economic implications, it added to negative sentiment, which then spurred a rise in USD/MYR to a 6-month high (MYR low) of RM4.2.

Among factors contributing to the ringgit’s weakness over the past year has been political uncertainty relating to Malaysia’s ruling Pakatan Harapan coalition, late-2018’s crash in oil prices, global trade tensions and higher US interest rates.

Read more in the article MYR Forecasts.


How to get Best CAD to MYR Exchange Rates

All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate).

The transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

When is the best time to exchange CAD to MYR?

Getting a good market rate is all about timing to help with this you can use BER Smart Alerts to make the most of currency movements.

Rather than requiring you to set a target rate, our rate alerts work differently. We check for daily high/lows and changes (up/down) over a range of periods up to 90 days rather than requiring you to set target rates.

Setup myBER FX Alerts

It is also a good idea to be aware of the change in the historic CAD/MYR exchange rate over longer periods.

CAD/MYR - Historical Rates

PeriodChange*CAD/MYRDate
1 Day+0.1%3.122213 Feb 2020
7 Day+0.4%3.112607 Feb 2020
30 Day+0.1%3.123215 Jan 2020
3 Month-0.5%3.141116 Nov 2019
1 Year+2%3.064414 Feb 2019
5 Year+8.7%2.876615 Feb 2015
10 Year-4.6%3.277716 Feb 2010

*For period to 14-Feb 21UTC when CAD/MYR was 3.1260

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