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’.
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:
Current CAD to MYR exchange rate is bearish, showing stability with minimal movement. Factors include the steady 2.25% policy rate in Canada versus expected cuts by the Fed, potentially strengthening the MYR. The job report supports the CAD, but weak oil prices and Malaysia's strong economic data may challenge it. Prices are likely to stay within recent ranges, with upside potential from oil rebounds and downside risks from Malaysian capital inflows.
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CAD to MYR rate remains bearish as it stays stable. Canada's 2.25% rate vs. Fed cuts adds pressure on CAD, while weak oil prices don't help. Look for a range-bound trade unless oil rebounds or Malaysia attracts more foreign investment
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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?
The best CAD to MYR exchange rate is 2.9431 from OFX . This is -0.5% compared to the mid-market rate 2.9579.
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?
Looking at the full
CAD to MYR - Send Money comparison table the provider with the best CAD to MYR exchange rate is OFX at 2.9431, -0.5% from the latest mid-market rate 2.9579.
The next best is XE at 2.9402, -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.