About this pair
CAD/MYR: what to know
The CAD/MYR rate shows how much MYR you get for 1 CAD. Right now, 1 CAD buys 2.9344 MYR at the mid-market rate. In the other direction, 1 MYR is worth 0.3408 CAD.
In the short term CAD is driven mainly by oil prices and the US economy, while MYR responds to commodity prices and regional demand.
The Canadian Dollar (CAD) is issued by Bank of Canada. The C$1 coin is the “loonie” (after the loon bird) and the C$2 is the “toonie”. The Malaysian Ringgit (MYR) is issued by Bank Negara Malaysia. “Ringgit” means “jagged”, after the milled edges of old Spanish silver dollars.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.