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CAD to MYR - Best Rates Guide

We review Canadian Dollar to Malaysian Ringgit latest & historic FX rates along with recent CAD/MYR Trend and Alerts.

 

Best CAD to MYR Rate

1 CAD = 3.1690 MYR
LATEST CAD/MYR MID-MARKET The mid-market rate is the best possible exchange rate available. Read more RATE

SELL CAD  :  BUY MYR 
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MYR to CAD
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CADMYR at 3.1699 is near its 90-DAY average, range 3.1176-3.2017.
🔔 CADMYR is at 14-DAY LOWS.
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Alert:14-DAY LOWS |
 
CAD to MYR - Trends & Alerts

View My Alerts

     

Comparing CAD to MYR Exchange Rates

You should always check the total cost for any exchange rate you are provided by banks or FX specialists. These exchange rates almost always contain a margin from the wholesale CAD/MYR rate ( interbank mid-rate) plus any fixed or percentage fees.

These margins and fees can vary significantly for CAD to MYR International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions. Also the total cost will also vary depending on the total amount being exchanged.

 
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Canadian Dollar to Malaysian Ringgit - Quick Conversions

CAD MYR
C$ 1 RM 3.1690
C$ 5 RM 15.85
C$ 10 RM 31.69
C$ 20 RM 63.38
C$ 50 RM 158.45
C$ 100 RM 316.90
C$ 250 RM 792.25
C$ 500 RM 1,585
C$ 1,000 RM 3,169
C$ 2,000 RM 6,338
C$ 5,000 RM 15,845
C$ 10,000 RM 31,690
C$ 50,000 RM 158,450
C$ 100,000 RM 316,900
More amounts
CAD MYR
C$ 0.3156 RM 1
C$ 1.5780 RM 5
C$ 3.1560 RM 10
C$ 6.3120 RM 20
C$ 15.78 RM 50
C$ 31.56 RM 100
C$ 78.90 RM 250
C$ 157.80 RM 500
C$ 315.60 RM 1,000
C$ 631.20 RM 2,000
C$ 1,578 RM 5,000
C$ 3,156 RM 10,000
C$ 15,780 RM 50,000
C$ 31,560 RM 100,000
More amounts

Calculate other CAD/MYR amounts (from or to) at mid-market with our CAD to MYR Calculator .

 

Canadian Dollar and Malaysian Ringgit - Market News

 

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)

Canadian Dollar exchange rates have gained amid Canada's economic outlook and recovering oil prices. Early success in controlling COVID-19 has helped the Canadian economy to rebound as massive government aid boosted consumer spending and low interest rates fueled a surge in the housing market.

Get more details in the article Canadian Dollar Forecasts.

 

Malaysian Ringgit (MYR)

The Malaysian ringgit is up around 8% (to late November) against the US dollar since the beginning of the pandemic crisis in March and is gaining favour from bank commentators such as HSBC due to the attraction of the carry trade – the ability to earn higher interest when holding MYR versus other major currencies.

Get more details in the article Malaysian Ringgit Forecasts.

   

Country Guides - Malaysian Ringgit

 
MalaysiaMalaysia (MYR)
     

How to get Good CAD to MYR Exchange Rates

There are two important ways to save on Foreign Exchange, the first is minimising unnecessary or excessive costs and fees, and the other is to transact when the exchange rate is in your favour.

Reduce Excessive costs and fees

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.

 

What is a good CAD to MYR exchange rate?

This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the Canadian Dollar vs Malaysian Ringgit current value is to look the CAD/MYR historic rate and change over a range of periods.

The following table looks at the change in the CAD to MYR exchange rate over periods from the previous week back to the last 10 years.

CAD/MYRChangePeriod
3.1754
18 Jan 2021
0.1% ▼1 Week
3.1539
26 Dec 2020
0.6% ▲30 Days
3.1553
27 Oct 2020
0.6% ▲90 Days
3.0888
26 Jan 2020
2.7% ▲1 Year
3.0150
27 Jan 2016
5.3% ▲5 Years
3.0599
28 Jan 2011
3.7% ▲10 Years

CAD/MYR 10 year historic rates & change to 25-Jan-2021 : 3.1736

 
   

Will the Canadian Dollar rise against the Malaysian Ringgit?

It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

To help with this you can add CAD/MYR to your BestExchangeRates My Rates Watchlist to track and benefit from currency movements.

 

View My Alerts

 

Rather than requiring you to set a target rate, our FX Alerts work differently.

Once you add a currency pair to your watchlist we then start automatically checking the exchange rate for any HIGH or LOW event or significant UP or DOWN moves over a range of daily periods only as far back as 90 days.