Switch

MYR to CAD - Compare Rates

Malaysian Ringgit to Canadian Dollar exchange rates can vary significantly for International Money Transfers and Travel Money/Card transactions as shown below.

 
 

Latest interbank rate (wholesale):

1 MYR = 0.3209 CAD

Sell MYR / Buy CAD 

⚇

MYR/CAD - Trend & Alerts

MYR/CAD at 0.3209 is 1.3% above its 90-DAY average, range 0.3132 - 0.3209 .
đź”” Today MYR/CAD is UP 0.9% and at 90-DAY HIGHS.
|
Alerts:1-DAYâ–˛0.9% | 90-DAY HIGHS |
 
 

Comparing MYR CAD 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' rate (interbank mid-rate) plus any fixed or percentage fees.

These margins and fees can vary significantly for International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions. Also the exchange rate margin will also vary depending on the currency pair and total amount.

 
Loading
 
Loading
 

Malaysian Ringgit to Canadian Dollar - Quick Conversions

MYR CAD
RM 1 C$ 0.3209
RM 5 C$ 1.6045
RM 10 C$ 3.2090
RM 20 C$ 6.4180
RM 50 C$ 16.05
RM 100 C$ 32.09
RM 250 C$ 80.23
RM 500 C$ 160.45
RM 1,000 C$ 320.90
RM 2,000 C$ 641.80
RM 5,000 C$ 1,605
RM 10,000 C$ 3,209
RM 50,000 C$ 16,045
RM 100,000 C$ 32,090
More amounts
MYR CAD
RM 3.1158 C$ 1
RM 15.58 C$ 5
RM 31.16 C$ 10
RM 62.32 C$ 20
RM 155.79 C$ 50
RM 311.58 C$ 100
RM 778.95 C$ 250
RM 1,558 C$ 500
RM 3,116 C$ 1,000
RM 6,232 C$ 2,000
RM 15,579 C$ 5,000
RM 31,158 C$ 10,000
RM 155,790 C$ 50,000
RM 311,580 C$ 100,000
More amounts

To calculate other MYR/CAD FROM or TO amounts at wholesale rate use our home-page quick & easy Calculate MYR to CAD .

Country Guides - Canadian Dollar

 
CanadaCanada (CAD)
   

Malaysian Ringgit - Canadian Dollar Forecasting

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

Malaysian Ringgit (MYR)

The Malaysian ringgit is up around 2.5% against the US dollar for 2020 (in August) 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.

Read more in the article MYR Forecasts.

 

Canadian Dollar (CAD)

The combination of an eroded US interest yield advantage, a broadly positive riskon mood and renewed euro demand, could be a catalyst to push the Canadian dollar along. The combination of an eroded US interest yield advantage, a broadly positive riskon mood and renewed euro demand, could be a catalyst to push the Canadian dollar along.

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.

Read more in the article CAD Forecasts.

 

How to get Best MYR to CAD 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.

 

Will MYR rise or fall against CAD?

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

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

MYR/CAD ratePeriod
08 Sep 2020 : 0.31771 Week
16 Aug 2020 : 0.316330 Days
17 Jun 2020 : 0.317290 Days
16 Sep 2019 : 0.31771 Year
17 Sep 2015 : 0.31155 Years
18 Sep 2010 : 0.331510 Years

MYR/CAD 10 year historic rates

 

When is the best time to exchange MYR to CAD?

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 BER.me FX Alerts