MYR to CAD Transfers Compared

   

CAD to MYR update: Currently at 3.0425 MYR, down 1.1% from its 3-month avg. Analysts warn of potential CAD volatility due to employment data and bearish sentiment, while MYR faces trade tension challenges. Currency traders should monitor oil prices and central bank policies closely

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What is the best Send Money conversion rate for MYR to CAD?

As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Malaysian ringgit (MYR) to Canadian dollar (CAD) rates from different sources before making a conversion.

The above Ringgit to Loonie 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 MYR-CAD mid-rate and the possible savings of using various providers. 

How do MYR-CAD rates compare between providers?

The next best is Wise at 0.3267, -0.7% from the mid-rate.

Then WorldRemit at 0.324, which is -1.5% from the mid-rate.

Among the banks the CIMB Bank rate is 0.3112 at -5.4% the OCBC Bank rate is 0.3175 at -3.5% and the Maybank rate is 0.3175 at -3.5% compared to the mid-rate 0.3290.

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.