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 transaction type, details and click ‘GET RATES’.
Compare Exchange Rates & Fees - Save Time & Money
Sending money to Malaysia can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.
Using your Bank to make international wire transfers to India can be especially expensive – often 5% to 10% worse than using a foreign exchange specialist to send to Malaysia bank accounts or pay a Malaysian ringgit invoice.
CAD to MYR Market Data
Canadian dollar (CAD) to Malaysian ringgit (MYR) market data - latest interbank exchange rate, trend, chart & historic rates.
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:
Date
CAD/MYR
Change
Period
29 Aug 2025
3.0724
1% ▼
2 Week
14 Jun 2025
3.1242
2.6% ▼
3 Month
12 Sep 2024
3.1897
4.6% ▼
1 Year
13 Sep 2020
3.1514
3.5% ▼
5 Year
15 Sep 2015
3.2337
5.9% ▼
10 Year
17 Sep 2005
3.1898
4.6% ▼
20 Year
CAD/MYR historic rates & change to 12-Sep-2025
Recent forecasts show a cautious outlook for CAD/MYR, influenced by falling oil prices and bearish trader sentiment. CAD is at 90-day lows near 3.0337, impacted by job losses and potential BoC rate cuts. Meanwhile, MYR remains strong due to stable interest rates, with projections suggesting CAD may see a slight recovery if conditions stabilize
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CAD to MYR Conversion: What Is Your Money Worth?
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 * :
What is the
best Send Money conversion rate for CAD to MYR?
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?
The next best is Wise at 3.0171, -0.59% from the mid-rate.
Then XE at 3.0167, which is -0.6% from the mid-rate.
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.