CAD to MYR is trading at approx. 3.0053, 1.2% below its 3-month avg. Analysts note CAD's resilience despite a possible BoC rate cut to 2.5%, but falling oil prices may weigh on it. MYR benefits from steady GDP growth & Fed rate cuts, making it a strong contender.

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

The best MYR to CAD exchange rate is 0.3315 from OFX . This is -0.51% compared to the mid-market rate 0.3332.

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 0.3315, -0.51% from the latest mid-market rate 0.3332.

The next best is Wise at 0.3312, -0.6% from the mid-rate.

Among the banks the CIMB Bank rate is 0.3152 at -5.4% the OCBC Bank rate is 0.3215 at -3.5% and the Maybank rate is 0.3215 at -3.5% compared to the mid-rate 0.3332.

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.