Overall best choice: Wise
We tested & reviewed dozens of money transfer providers, and Wise scored highly.
Wise appeared in 100% of Canada to Malaysia searches, and was the top rated company out of 8 that support CAD to MYR.
So for a great mix of cost, speed & features, make your Canada to Malaysia transfer using Wise.
How to get the best deal on your Canada to Malaysia transfer
- Always compare rates
Don't pay more than you have to. Use our live comparison tool to make sure you aren't missing the best rates to send money from Canada to Malaysia.
- Choose a provider
Select the provider that offers you the best value & service for your needs
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- Click, sign up & send
Follow the steps & make your transfer. Your funds will soon be on their way to your chosen country & currency.
Summary of recent searches
Important things to consider before sending money from Canada to Malaysia
Don't settle for the first option. Always compare ways to send money from Canada to Malaysia to find out about fees, speed, and reliability.
Our analysis included 8 providers that operate between Canada and Malaysia.
Through this, you get a comprehensive view of all the options you have in Canada when you need to send money to Malaysia.
Cheapest way to send money to Malaysia from Canada: XE
Data collected over the past six months shows that XE is 1% cheaper than the second-best option.
The $0 transfer cost represents the most common fee for CAD to MYR international transfers, based on data from the past six months.
If you want to secure the best rates on a CAD to Malaysia transfer, make sure you pick XE to send your money online.
*The most common fee applied to CAD-MYR by XE, based on data from the past six months.
Fastest way to send money from Canada to Malaysia: Panda Remit
Our data shows that Panda Remit came up as the fastest way to send money from Canada to Malaysia in 33.3% of searches. This makes them well suited to urgent CAD to MYR money transfers.
The 'fastest' way to send money is defined by the overall speed of sending money from Canada to Malaysia - this includes deposit, transfer and withdrawal timeframes and often differs per currency.
When speed matters, Panda Remit is your best choice at the moment. This service emerged as the quickest way to send money to Malaysia from Canada in 33.3% of the searches on MoneyTransfers.com over the past six months.
Need to send over $10,000?
Opt for a service proven with large transfers when size matters. For transfers over $10,000, your best bet is Wise.
While Wise may not always be the cheapest or fastest way to send CAD from Canada to Malaysia, it’s the provider that will keep you safe and relaxed while your money moves into MYR.
Understanding the costs involved when moving money from Canada to Malaysia
When calculating the costs of money transfers between Canada and Malaysia, here's what really matters:
The Mid-Market Rate: Today, the CAD-MYR mid-market rate equals 3.454938 MYR per Canadian Dollar.
The CAD-MYR average exchange rate for the past three months has been 3.4951 MYR per Canadian Dollar, with a high of 3.5429 and a low of 3.4082.
When looking to send money, we'd recommend Wise. On average Wise is 0% away from the average mid-market rate. Fees may be added on top, but they're still the cheapest provider on average from CAD to MYR.
How to find the best exchange rate for Canada to Malaysia
Timing is essential for sending money between CAD and MYR. The exchange rate you secure impacts how much MYR you get for your CAD.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from CAD to MYR has seen some fluctuation. On average, it stood at 3.4951.
During this period, the highest value recorded was 3.5429, while the lowest was 3.4082.
Wise, which is our recommended service to send money online from Canada to Malaysia offers an exchange rate that is only 0% above the mid-market rate.
Want to secure the best CAD-Malaysian Ringgit exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from Canada to Malaysia!
Payment methods available to fund your Canada to Malaysia transfer
Bank transfers
Bank transfers are often the default option for sending money from Canada to Malaysia.
By using a money transfer company such as XE for transfers from Canada to Malaysia, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates.
On average, XE is the cheapest provider for bank transfers from the 8 we tested when sending CAD to Malaysia.
With an average fee of CAD0 to send money from Canada to Malaysia, XE offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Canada to Malaysia with a debit or a prepaid card is very simple with Wise.
Wise is a leader in debit card payments for transfers from Canada to Malaysia, competing among a total of 8 active money transfer companies on this route.
When it comes to credit card transfers from Canada to Malaysia, Wise emerges as our top choice of the 8 companies offering this service.
Fee alert: using a credit card to transfer money often results in a fee being charged by your card issuer. That's why we recommend bank transfer or debit card instead.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Malaysia and Canada.
Our comparison engine and algorithms evaluate providers based on over 25 factors.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from Canada to Malaysia.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send CAD to MYR.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
