Best companies for MYR/CAD transfers
4 of 4 providers Last updated on 28 October 2026
Based on 8,200 MYR transfer Best companies for MYR/CAD transfers Sort Cheapest
Promoted Wise Pay via Bank transfer	Fee RM 54.16 1 MYR = 0.3447 CAD 0.00% vs mid-market	Recipient gets $2,807.85 Next day
25 reviews Multi-currency cardReceive to bank accountDedicated support for large transfers
Ways to receive money in Canada with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositNext dayAvailable via:Bank Transfer RM 54.161 MYR = 0.3447 CAD $2,807.85You payRM 8,200.00
Promoted Xe Pay via Bank transfer	Fee RM 0.00 1 MYR = 0.3422 CAD +0.73% vs mid-market	Recipient gets $2,806.04 Minutes - 24 hours
4 reviews Personal account managerReceive to bank accountDedicated support for larger transactions
Ways to receive money in Canada with Xe when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 MYR = 0.3422 CAD $2,806.04You payRM 8,200.00
Run a live search Showing top Malaysia to Canada deals for 8,200 MYR. Do a live search with your exact amount for today's best rates.
Run a live search Showing companies that send from a business account. Run a business search to get live MYR to CAD rates.
Run a live search These companies offer multi-currency accounts for spending CAD. We suggest doing a live search based on how much MYR you're planning to spend in Canada.
Run a live search These are managed services with real human support for large MYR transfers. Click the link and update the transfer amount to get the best deal.
Exclusive: First Transfer Deal Regency FX Pay via Bank transfer	Fee RM 0.00 1 MYR = 0.3438 CAD +0.27% vs mid-market	Recipient gets $2,818.84 Minutes - 24 hours
0 reviews Cheapest Personal account manager
Ways to receive money in Canada with Regency FX when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 MYR = 0.3438 CAD $2,818.84You payRM 8,200.00
Wise Pay via Bank transfer	Fee RM 54.16 1 MYR = 0.3447 CAD 0.00% vs mid-market	Recipient gets $2,807.85 Next day
25 reviews Recommended Multi-currency cardReceive to bank accountDedicated support for large transfers
Ways to receive money in Canada with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositNext dayAvailable via:Bank Transfer RM 54.161 MYR = 0.3447 CAD $2,807.85You payRM 8,200.00

Wise Pay via FPX	Fee RM 54.16 1 MYR = 0.3447 CAD 0.00% vs mid-market	Recipient gets $2,807.85 Next day
25 reviews Multi-currency cardReceive to bank accountDedicated support for large transfers
Ways to receive money in Canada with Wise when paying by fpx. MethodFee & ratesRecipient gets Bank depositNext dayAvailable via:Bank Transfer RM 54.161 MYR = 0.3447 CAD $2,807.85You payRM 8,200.00
Xe Pay via Bank transfer	Fee RM 0.00 1 MYR = 0.3422 CAD +0.73% vs mid-market	Recipient gets $2,806.04 Minutes - 24 hours
4 reviews Fastest Personal account managerReceive to bank accountDedicated support for larger transactions
Ways to receive money in Canada with Xe when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 MYR = 0.3422 CAD $2,806.04You payRM 8,200.00
Only available via Mobile App WorldRemit Pay via Debit card	Fee RM 5.00 1 MYR = 0.3379 CAD +2.00% vs mid-market	Recipient gets $2,768.84 Minutes - 2 days
13 reviews Receive to bank account or cash pickup
Ways to receive money in Canada with WorldRemit when paying by debit card. MethodFee & ratesRecipient gets Bank depositMinutes - 2 days RM 5.001 MYR = 0.3379 CAD $2,768.84You payRM 8,200.00
How Our Results Work Mid-market rate: 1 MYR = 0.3447 CAD Updates every 60 minutes.

Why compare

MYR/CAD exchange rate

Best ways to pay & receive

Transfer speed

How to send money from Malaysia to Canada

Pick a company

I suggest starting with Regency FX which is the cheapest option for sending RM8,200.

Regency FX was the cheapest on 29 of the 29 days it quoted RM8,200 transfers to Canada.

Fund your transfer

There are a few ways to fund your transfer, including bank transfer, fpx, and debit card.

DuitNow and FPX are most common, both free and instant from your banking app.

This is for funding your money transfer account, not direct transfers to Canada.

Verify and send

First time round you'll need your IC, or a passport and permit if you're a foreign worker.

Run a new recipient's account through Semak Mule before you send to confirm their details.

Compare amounts

How much MYR are you sending to Canada?

How much MYR you send to Canada heavily affects the best ways and the cheapest options. Use the table below to check how the cheapest options change and how much more you'd get by comparing.

Our analysis shows Regency FX was the cheapest in 100% of the transfers from RM8,200 it quoted, and in 100% of all the transfers it quoted.


RM 1,000	0.06%	RM 0.00	$344.60with fpx to bank deposit	+$4.08
RM 5,000	0.08%	RM 25.00	$1,713.89with fpx to bank deposit	+$6.52
RM 8,200This page	0.27%	RM 0.00	$2,818.84with bank transfer to bank deposit	+$16.96
RM 10,000	0.27%	RM 0.00	$3,437.86with bank transfer to bank deposit	+$19.87

Mid-market rate: 1 MYR = 0.3447 CAD

MYR/CAD Exchange Rate History

Is today a good time to send money from Malaysia to Canada?

The cheapest way to send MYR to CAD can change every day, or stay with the same company all month.

We've compared the mid-market rate with the cheapest option each day (today it's Regency FX), across 30 days of comparisons for 8,200 MYR transfers to Canada.

Each line shows what the recipient gets when you send RM 8,200, after fees, as quoted by each company. The mid-market line shows what RM 8,200 converts to at the real exchange rate, with no fees or markup. Rates are checked once a day. Sponsored placements never affect this data. There are no bank quotes for this period.

The dashed line is what you'd get at the mid-market rate with no fees, and the blue line is the cheapest option that day.

When the blue line goes above the dashed one, you're getting more CAD per MYR than the mid-market rate can offer.

This could be due to money transfer offers, FX rate adjustments, or market competitiveness.

No company, app or bank beat the mid-market rate over the past month, meaning you lose a bit of CAD on every transfer from Malaysia.

Right now, Regency FX pays 2,818.84 CAD on 8,200 MYR, which is 7.63 CAD less than the mid-market amount.

Today's payout isn't the best this month though, since the highest receive amount was 2,858.74 CAD.

If you can wait and want to get the most out of your transfer, create a rate alert and we'll let you know when the rate improves.

Cheapest over time

Picking the cheapest money transfer company

Just because a company is the cheapest today doesn't mean it's always the best option for sending money to Canada.

We've tracked 92 comparisons to check how often today's top companies were the cheapest across 4 amounts over the past month.

Regency FXAppeared in 45 comparisons
Cheapest every time
WiseAppeared in 91 comparisons
Cheapest in 31% of them
XeAppeared in 58 comparisons
Cheapest in 3% of them

Based on 92 comparisons across 4 amounts over the last 30 days.

Different companies can come out cheapest depending on the day and the amount you send.

To keep things fair, we only count the comparisons each company appeared in, and only analyse companies that appeared in at least 50% of all comparisons (so occasional cheapest options don't skew it).

Today Regency FX is the cheapest, but it only quotes some of the amounts we track, so it isn't included in these figures.

Wise (today's second cheapest) was the cheapest in only 31% of its comparisons, so it's rarely the cheapest option for transfers to Canada.

Ways to send money from Malaysia to Canada

There are 5 ways to send money from Malaysia to Canada across 4 money transfer services.

Regular transfers from Malaysia

Online transfers

Online services and apps work well for smaller transfers sent home every month.

Wise charges MYR 54.16 and 0% markup to send MYR 8,200 and your recipient gets CA$2,807.85 in next day.

In our comparisons over the past month, it was the cheapest online service on 15 of the 30 days it quoted.

SST may appear separately on the fee.

Large transfers from Malaysia

Currency brokers

Brokers are best for large MYR transfers to Canada.

Regency FX is a good option. They charge no fees and add 0.27% markup on the MYR/CAD exchange rate.

Our analysis shows Regency FX was the cheapest broker in 100% of all the transfers it quoted.

You get an account manager to handle your transfer, and it’s useful for things like home purchases in Canada, tuition fees, or moving savings from Malaysia to Canada.

Holding multiple balances

Multi-currency accounts

A multi-currency account is useful if you receive income from Canada, or travel there often.

Wise lets you hold MYR and CAD in one account, and convert between them when you need.

When converting MYR to CAD, 8,200 MYR will get you 2,807.85 CAD (after fees).

Over the past month, Wise came out cheapest among multi-currency accounts on 100% of days.

Ways to fund MYR and receive CAD in Canada

With Regency FX, paying by bank transfer and receiving through a bank deposit is the cheapest combination. Sending MYR 8,200 gives your recipient 2,818.84 CAD.

You can fund your transfer in MYR through bank transfer, fpx, and debit card.

Paying through online banking (FPX)

Choose fpx at checkout and approve the payment through your Malaysian bank.

This is the simplest and quickest way to fund your account when sending money to Canada.

The processing fee may include SST, so double check the final CAD amount first.

The recipient can receive CAD through bank deposit.

They can receive money directly to the bank or card

For a card and bank deposit, you will need the recipient's account name, account number and bank details in Canada.

Double check the info, since it's very hard to stop or reverse once it leaves your account.

1

Bank transfer Bank deposit

You pay RM8,200.00

CA$2,819

Cheapest
2

Fpx Bank deposit

You pay RM8,200.00

CA$2,808

-CA$11
3

Debit card Bank deposit

You pay RM8,200.00

CA$2,769

-CA$50

Things to check before sending MYR to Canada

Here are a few things to know about money transfers from Malaysia to Canada.

Best ways to send MYR to Canada

For a RM 8,200 transfer, these are the best options:

Cheapest - Regency FX, funded by bank transfer with bank deposit for the payout. Your recipient gets 2,818.84 CAD, which is 0.39% more than the next best option.
Fastest - Regency FX, funded by bank transfer with bank deposit for the payout. Your recipient gets 2,818.84 CAD in minutes - 24 hours.

Transfers and overseas investments are different

Malaysia's Foreign Exchange Policy does not impose the overseas-investment limit on an ordinary payment for family support, education, goods or services.

Different rules can apply when a resident converts ringgit to invest in foreign-currency assets, particularly if they have domestic ringgit borrowing.

Bank Negara Malaysia keeps the current FEP rules and notices here.

Documents needed

A bank or licensed money services business can ask what the payment is for and where the money came from.

Keep the quote, receipt and any supporting invoice or employment record to hand over if needed.

Check the recipient before you send

For a new bank account, check the recipient details through the Royal Malaysia Police Semak Mule service first.

Only use a bank or money transfer service regulated by Bank Negara Malaysia.

Check the company in BNM's list of licensed MSB operators before paying an unfamiliar agent.

If you realise you have sent money to a scammer, contact your bank and call the National Scam Response Centre on 997.

How we analyse the market

Every company here holds a Bank Negara money services licence, and the register is public if you want to check one yourself.

We track 4 of them on MYR to Canada, comparing rates, fees and the ways to pay in and collect, refreshed in real time on live comparisons.

In the past 30 days alone, we analysed 92 comparisons across 4 amounts.

This page covers the cheapest and fastest options for MYR/CAD transfers. This is how we pick them:

Cheapest: the company that gets your recipient the most, after fees and the exchange rate. On a tie, live pricing from the company takes priority over the rates we collect by hand.
Fastest: the company with the shortest estimated delivery time once you’ve paid. On a tie, the one that pays out more takes priority.

Each also goes through our review.

Any tax information is for general guidance only and does not constitute tax advice. Speak to a qualified tax adviser about your circumstances.

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Tue, 29 Sept 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.3475	–	$2,849.75
Regency FX Cheapest	0.3466	RM 0.00	$2,842.05	−$7.70
Wise	0.3476	RM 54.16	$2,831.26	−$18.49
Xe	0.3452	RM 0.00	$2,830.64	−$19.11

Wed, 30 Sept 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.3475	–	$2,849.35
Regency FX Cheapest	0.3465	RM 0.00	$2,841.66	−$7.69
Wise	0.3474	RM 54.16	$2,830.18	−$19.17
Xe	0.3451	RM 0.00	$2,829.82	−$19.53

Thu, 1 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.3486	–	$2,858.44
Regency FX Cheapest	0.3476	RM 0.00	$2,850.72	−$7.72
Xe	0.3464	RM 0.00	$2,840.48	−$17.96
Wise	0.3486	RM 54.16	$2,839.92	−$18.52

Fri, 2 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.3483	–	$2,855.76
Regency FX Cheapest	0.3473	RM 0.00	$2,848.05	−$7.71
Xe	0.3461	RM 0.00	$2,838.02	−$17.74
Wise	0.3483	RM 54.16	$2,836.93	−$18.83

Sat, 3 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.3488	–	$2,860.23
Regency FX Cheapest	0.3479	RM 0.00	$2,852.51	−$7.72
Wise	0.3488	RM 54.16	$2,841.46	−$18.77
Xe	0.3419	RM 0.00	$2,803.58	−$56.65

Sun, 4 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.3488	–	$2,860.43
Regency FX Cheapest	0.3479	RM 0.00	$2,852.71	−$7.72
Wise	0.3488	RM 54.16	$2,841.46	−$18.97
Xe	0.3418	RM 0.00	$2,802.76	−$57.67

Mon, 5 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.3490	–	$2,861.78
Regency FX Cheapest	0.3481	RM 0.00	$2,854.06	−$7.72
Xe	0.3468	RM 0.00	$2,843.76	−$18.02
Wise	0.3490	RM 54.16	$2,842.57	−$19.21

Tue, 6 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.3496	–	$2,866.48
Regency FX Cheapest	0.3486	RM 0.00	$2,858.74	−$7.74
Xe	0.3474	RM 0.00	$2,848.68	−$17.80
Wise	0.3495	RM 54.16	$2,847.28	−$19.20

Wed, 7 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.3481	–	$2,854.30
Regency FX Cheapest	0.3471	RM 0.00	$2,846.59	−$7.71
Xe	0.3459	RM 0.00	$2,836.38	−$17.92
Wise	0.3481	RM 54.16	$2,835.62	−$18.68

Thu, 8 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.3486	–	$2,858.80
Regency FX Cheapest	0.3477	RM 0.00	$2,851.08	−$7.72
Wise	0.3486	RM 54.16	$2,840.04	−$18.76
Xe	0.3459	RM 0.00	$2,836.38	−$22.42

Fri, 9 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.3478	–	$2,851.68
Regency FX Cheapest	0.3468	RM 0.00	$2,843.98	−$7.70
Wise	0.3478	RM 54.16	$2,832.76	−$18.92
Xe	0.3454	RM 0.00	$2,832.28	−$19.40

Sat, 10 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.3491	–	$2,862.53
Regency FX Cheapest	0.3481	RM 0.00	$2,854.80	−$7.73
Wise	0.3489	RM 54.16	$2,842.49	−$20.04
Xe	0.3420	RM 0.00	$2,804.40	−$58.13

Mon, 12 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.3490	–	$2,862.01
Regency FX Cheapest	0.3481	RM 0.00	$2,854.29	−$7.72
Wise	0.3490	RM 54.16	$2,843.19	−$18.82
Xe	0.3467	RM 0.00	$2,842.94	−$19.07

Tue, 13 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.3492	–	$2,863.18
Regency FX Cheapest	0.3482	RM 0.00	$2,855.45	−$7.73
Xe	0.3469	RM 0.00	$2,844.58	−$18.60
Wise	0.3492	RM 54.16	$2,844.32	−$18.86

Wed, 14 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.3482	–	$2,855.03
Regency FX Cheapest	0.3472	RM 0.00	$2,847.32	−$7.71
Xe	0.3460	RM 0.00	$2,837.20	−$17.83
Wise	0.3482	RM 54.16	$2,836.53	−$18.50

Thu, 15 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.3481	–	$2,854.53
Regency FX Cheapest	0.3472	RM 0.00	$2,846.82	−$7.71
Xe	0.3459	RM 0.00	$2,836.38	−$18.15
Wise	0.3481	RM 54.16	$2,835.93	−$18.60

Fri, 16 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.3472	–	$2,846.71
Regency FX Cheapest	0.3462	RM 0.00	$2,839.03	−$7.68
Xe	0.3449	RM 0.00	$2,828.18	−$18.53
Wise	0.3472	RM 54.16	$2,827.89	−$18.82

Sat, 17 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.3467	–	$2,843.15
Regency FX Cheapest	0.3458	RM 0.00	$2,835.47	−$7.68
Wise	0.3462	RM 54.16	$2,820.42	−$22.72
Xe	0.3396	RM 0.00	$2,784.72	−$58.43

Mon, 19 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.3452	–	$2,830.54
Regency FX Cheapest	0.3443	RM 0.00	$2,822.90	−$7.64
Xe	0.3430	RM 0.00	$2,812.60	−$17.94
Wise	0.3452	RM 54.16	$2,811.93	−$18.61

Tue, 20 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	–	–	–
Wise Cheapest	0.3445	RM 54.16	$2,806.11	–
Xe	0.3421	RM 0.00	$2,805.22	–
Regency FX No quote collected this day	–	–	–	–

Wed, 21 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.3444	–	$2,823.82
Regency FX Cheapest	0.3434	RM 0.00	$2,816.19	−$7.63
Xe	0.3422	RM 0.00	$2,806.04	−$17.78
Wise	0.3444	RM 54.16	$2,805.26	−$18.56

Thu, 22 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.3435	–	$2,816.31
Regency FX Cheapest	0.3425	RM 0.00	$2,808.70	−$7.61
Xe	0.3414	RM 0.00	$2,799.48	−$16.83
Wise	0.3434	RM 54.16	$2,797.36	−$18.95

Fri, 23 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.3431	–	$2,813.35
Regency FX Cheapest	0.3422	RM 0.00	$2,805.76	−$7.59
Xe	0.3409	RM 0.00	$2,795.38	−$17.97
Wise	0.3431	RM 54.16	$2,794.71	−$18.64

Sat, 24 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.3428	–	$2,810.57
Regency FX Cheapest	0.3418	RM 0.00	$2,802.99	−$7.58
Wise	0.3428	RM 54.16	$2,792.45	−$18.12
Xe	0.3360	RM 0.00	$2,755.20	−$55.37

Mon, 26 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.3432	–	$2,814.47
Regency FX Cheapest	0.3423	RM 0.00	$2,806.87	−$7.60
Xe	0.3411	RM 0.00	$2,797.02	−$17.45
Wise	0.3432	RM 54.16	$2,795.64	−$18.83

How to send money to Canada from Malaysia with the best MYR-CAD rate

Best companies for MYR/CAD transfers