MYR to CAD Market Data
Malaysian ringgit (MYR) to Canadian dollar (CAD) market data - latest interbank exchange rate, trend, chart & historic rates.
90-day market context
Currency Forecasts related to MYR/CAD
CAD to MYR Exchange Rate Forecast & Outlook
Currently, CAD/MYR is trading near 14-day highs around 2.8885, close to its 3-month average. The pair has remained within a stable range over the past two weeks, supported by high oil prices that bolster the Canadian dollar.
MYR to USD Exchange Rate Forecast & Outlook
Currently, MYR/USD is trading close to 60-day lows around 0.2492, holding near recent support levels. The pair remains supported by risk-averse flows into USD due to safe-haven demand and inflation concerns in the US.
USD to CAD Exchange Rate Forecast & Outlook
USD/CAD is trading close to 60-day highs at 1.3900, holding near the 90-day average and supported by commodity prices. The pair is within its recent range and slightly above its recent 3-month average.
MYR to CAD 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 Malaysian ringgit are worth in Canadian dollar across a range of amounts.
This gives a quick view of what you’d get when converting different MYR amounts at today’s rate * :
| MYR | CAD |
|---|---|
| RM 1,000 | C$ 345.80 |
| RM 5,000 | C$ 1,729 |
| RM 20,000 | C$ 6,916 |
| RM 100,000 | C$ 34,580 |
| MYR | CAD |
|---|---|
| RM 2,892 | C$ 1,000 |
| RM 14,460 | C$ 5,000 |
| RM 57,840 | C$ 20,000 |
| RM 289,200 | C$ 100,000 |
More amounts
*Converted at the current MYR-CAD interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
What is the best Send Money conversion rate for MYR to CAD?
The best MYR to CAD exchange rate is 0.3441 from OFX . This is -0.49% compared to the mid-market rate 0.3458.
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?
Looking at the full MYR to CAD - Send Money comparison table the provider with the best MYR to CAD exchange rate is OFX at 0.3441, -0.49% from the latest mid-market rate 0.3458.
The next best is Wise at 0.3437, -0.61% from the mid-rate.
Among the banks the CIMB Bank rate is 0.3271 at -5.4% the OCBC Bank rate is 0.3337 at -3.5% and the Maybank rate is 0.3337 at -3.5% compared to the mid-rate 0.3458.
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.
