Switch .com Best Exchange Rates .com Best Exchange Rates .com Best Exchange Rates
 

Best CAD to MYR Exchange Rates Compared Live

The best CAD to MYR exchange rate is 3.4946. Compare foreign transfer and currency exchange rates, find better rates & deals.

CAD-MYR Best Exchange Rate Calculator
 

Comparing CAD-MYR exchange rates

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.

The above Loonie to Ringgit comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged vs the latest CAD-MYR mid-rate (see below) and the possible savings of using another provider.

 
@bestfxrates : 📈 #CAD shows resilience amid oil volatility, maintaining strength with US Dollar ties. CIBC sees year-end USD/CAD at 1.31 but optimistic for 2025. As for #MYR, analysts predict mixed fortunes facing a strong USD. Recent CAD/MYR near 7-day peak at 3.4959, eyes on oil & global economy. #Forex #CurrencyUpdate

Multi-Vendor Quote

We can help you get an even better deal when sending a Large International Money Transfer.

Click below for the Request Quotes form and enter your transfer details (BER account required).

Request Quotes

Save time and money - fewer websites to visit and you get a much better exchange rate & service.

 
 

CAD to MYR Market Data

Canadian dollar (CAD) to Malaysian ringgit (MYR) market data - latest interbank exchange rate, trend, chart & historic rates.

 
1 CAD =
3.4946We compare provider deals to this wholesale mid-market rate. Read more
MYR
+0.2%
📈1W
CAD to MYR is at 7-day highs near 3.4959, near its 3-month average, having traded in a very stable 3.0% range from 3.4463 to 3.5503
|
Sell CAD   â†’   Buy MYR
My Rates

Manage My Rates   


  1 MYR = 0.2862 CAD
DateCAD/MYRChangePeriod
14 Mar 2024
3.4627
1% â–²2 Week
29 Dec 2023
3.4649
0.9% â–²3 Month
29 Mar 2023
3.2564
7.4% â–²1 Year
30 Mar 2019
3.0581
14.3% â–²5 Year
31 Mar 2014
2.9531
18.4% â–²10 Year
02 Apr 2004
2.8993
20.6% â–²20 Year
CAD/MYR historic rates & change to 28-Mar-2024
 

What are equivalent amounts of CAD and MYR?

Here are some popular conversion amounts for CAD to MYR (Canadian dollar to Malaysian ringgit)*.

CAD MYR
C$ 1 RM 3.4946
C$ 5 RM 17.47
C$ 10 RM 34.95
C$ 20 RM 69.89
C$ 50 RM 174.73
C$ 100 RM 349.46
C$ 250 RM 873.65
C$ 500 RM 1,747
C$ 1,000 RM 3,495
C$ 2,000 RM 6,989
C$ 5,000 RM 17,473
C$ 10,000 RM 34,946
C$ 20,000 RM 69,892
C$ 50,000 RM 174,730
C$ 100,000 RM 349,460
CAD MYR
C$ 0.2862 RM 1
C$ 1.4310 RM 5
C$ 2.8620 RM 10
C$ 5.7240 RM 20
C$ 14.31 RM 50
C$ 28.62 RM 100
C$ 71.55 RM 250
C$ 143.10 RM 500
C$ 286.20 RM 1,000
C$ 572.40 RM 2,000
C$ 1,431 RM 5,000
C$ 2,862 RM 10,000
C$ 5,724 RM 20,000
C$ 14,310 RM 50,000
C$ 28,620 RM 100,000

More amounts

*Converted at the current CADMYR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.

 
 

Forecasts for CAD to MYR

 

Based on recent exchange rate analyst forecasts and currency market updates, the Canadian Dollar (CAD) has shown resilience despite weakness in oil prices, with a positive correlation to the US Dollar helping it to strengthen. The CAD is likely to remain tied to oil price dynamics, albeit with a weakening correlation between the two. Factors such as looser monetary policy boosting global growth and increased demand for oil could support the CAD, but potential interest rate cuts by the Bank of Canada and a strong positive correlation with the USD may pose challenges. CIBC Capital Markets has adjusted their year-end forecast for the USD/CAD exchange rate in 2024 to 1.31, signaling expectations of USD strength against the CAD, while expressing optimism for the CAD in 2025 amidst a potentially weaker USD.

Read our full review of recent CAD to MYR forecasts.

 

How to get a good CAD to MYR exchange rate

There are several ways to save on exchange rates when converting Canadian dollar to Malaysian ringgit:

  1. Shop around for the best CAD/MYR exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
  2. Timing is important: Keep an eye on the CAD/MYR rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
  3. Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
  4. Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both CAD and MYR at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
  5. Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.

The key is reducing excessive costs and fees

Generally speaking, if you are buying Malaysian ringgit with Canadian dollar, then it's better for the CAD/MYR exchange rate to be higher.

However working against you are the fees all foreign exchange providers charge for providing their service. These fees 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.

It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.

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 personalised Rate Tracker to track and benefit from currency movements.

 
Track Rate
 

Manage My Rates   

 

Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

Keep track of currency Trends; Up📈 or Down📉 trends over periods from 1 week (1W) to 3 months (3M).

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending


 

Read our Currency guide to Malaysia - a practical currency and money guide to travel, living and doing business in Malaysia with the Malaysian ringgit.

 
 
 

Currency Country Guides

CanadaCanada (CAD)MalaysiaMalaysia (MYR)
 

How is the expat life in Malaysia?

The expat life in Malaysia can be quite comfortable, depending on where you live. Most expats live in urban areas like Kuala Lumpur, where they have access to international schools, western supermarkets, and hospitals. There are also many expat-friendly activities and events in the city.

Any laws in Malaysia that foreigners should be aware of?

There are several laws in Malaysia that foreigners should be aware of, such as the Sedition Act, the Communications and Multimedia Act, and the Official Secrets Act.

Read more at our Malaysia (MYR) country guide

   
 
 

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

^ Scroll back up to ^

^