🇲🇾 MYR to 🇨🇦 CAD — Convert Malaysian Ringgit to Canadian Dollar
1 Malaysian Ringgit = 0.3477 Canadian Dollar
MYR/CAD Exchange Rate History
🇲🇾 MYR to 🇨🇦 CAD Conversion Table
| Malaysian Ringgit (MYR) | Canadian Dollar (CAD) |
|---|---|
| RM1 | C$0.3477 |
| RM5 | C$1.7385 |
| RM10 | C$3.4769 |
| RM25 | C$8.6923 |
| RM50 | C$17.3846 |
| RM100 | C$34.7692 |
| RM500 | C$173.8462 |
| RM1,000 | C$347.6923 |
| RM5,000 | C$1,738.46 |
| RM10,000 | C$3,476.92 |
MYR/CAD 30-Day Market Statistics
Over the past 30 days, the Malaysian Ringgit to Canadian Dollar exchange rate has risen by 0.1735%, moving from 0.3459 to 0.3465. It traded between a low of 0.3421 on Apr 30 and a high of 0.3494 on May 7, averaging 0.3470. With a high-to-low spread of 2.1040%, the pair has been relatively stable this month.
Frequently Asked Questions
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🇲🇾 About the Malaysian Ringgit (MYR)
The Malaysian Ringgit is the currency of Malaysia, a trade-oriented economy that exports electronics, palm oil, and petroleum products. The ringgit is influenced by both commodity and technology cycles.
Issuing authority: Bank Negara Malaysia.
🇨🇦 About the Canadian Dollar (CAD)
The Canadian Dollar, nicknamed the 'loonie', is a commodity currency strongly linked to crude oil since Canada is one of the world's largest oil exporters. Its fortunes are closely tied to the neighbouring US economy.
Issuing authority: Bank of Canada.
What Moves the MYR/CAD Exchange Rate?
The MYR to CAD rate reflects the relative strength of two different economies, so it responds to developments on both sides of the pair.
Malaysian Ringgit (MYR): Oil and palm oil prices, electronics export demand, Bank Negara policy, and regional capital flows.
Canadian Dollar (CAD): Crude oil prices, Bank of Canada policy, trade with the United States, and broader commodity demand.
When demand for the Malaysian Ringgit rises relative to the Canadian Dollar, the MYR/CAD rate increases, meaning each MYR buys more CAD. The opposite happens when the Canadian Dollar strengthens.
How to Convert MYR to CAD
- Enter the amount of MYR you want to convert in the converter above.
- The equivalent in CAD is calculated automatically using the latest rate.
- Use the swap button to reverse the conversion (CAD to MYR).
- Check the chart and 30-day statistics above before large conversions.
The rate shown here is the mid-market rate — the midpoint between buy and sell prices on global markets. It is the fairest benchmark for comparing what banks and transfer services actually charge.
Best Ways to Exchange MYR to CAD
Getting a rate close to the mid-market rate above can save you money, especially on larger Malaysian Ringgit to Canadian Dollar amounts. Here are common options ranked by typical value:
| Method | Typical Fee | Speed | Best For |
|---|---|---|---|
| Wise | 0.3-0.6% | 1-2 days | International transfers |
| Revolut | 0-1% | Instant | Travel spending |
| Bank Transfer | 3-5% | 2-5 days | Large amounts |
| Airport Exchange | 7-12% | Instant | Last resort |
Tip: Always compare the rate you're offered against the mid-market rate shown above — the difference is the hidden markup. Banks often embed a 3-5% markup even in "commission-free" offers.
Rates are indicative mid-market rates for informational purposes only and do not constitute financial advice. See our Terms of Service.