Regency FX is the cheapest way to send money to Canada, giving your recipient 10,721.69 CAD from RM31,525.
If you need money fast, we suggest using Regency FX, your CAD transfer will arrive in minutes - 24 hours.
| 4 of 4 providers Last updated on 4 September 2026 This page updates weekly. We collect, store, and analyze MYR/CAD exchange rates from our comparisons. | |||
| Based on 31,525 MYR transfer Best companies for MYR/CAD transfersAll money transfer offers for MYR/CAD transfers, sorted by most CAD received. The first two offers may be sponsored promotions. Some offers here pay us a commission. | |||
| Promoted  Wise Pay via Bank transfer | Fee RM 190.97 1 MYR = 0.3410 CAD 0.00% vs mid-market | Recipient gets $10,685.19 Within a week | |
Ways to receive money in Canada with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin a weekAvailable via:Bank Transfer RM 190.971 MYR = 0.3410 CAD $10,685.19You payRM 31,525.00 | |||
| Promoted  Xe Pay via Bank transfer | Fee RM 0.00 1 MYR = 0.3386 CAD +0.71% vs mid-market | Recipient gets $10,674.36 Minutes - 24 hours | |
Ways to receive money in Canada with Xe when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 MYR = 0.3386 CAD $10,674.36You payRM 31,525.00 | |||
Run a live search Showing top Malaysia to Canada deals for 31,525 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 = 0.3401 CAD +0.27% vs mid-market | Recipient gets $10,721.69 Minutes - 24 hours | |
Ways to receive money in Canada with Regency FX when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 MYR = 0.3401 CAD $10,721.69You payRM 31,525.00 | |||
| Wise Pay via Bank transfer | Fee RM 190.97 1 MYR = 0.3410 CAD 0.00% vs mid-market | Recipient gets $10,685.19 Within a week | |
Ways to receive money in Canada with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin a weekAvailable via:Bank Transfer RM 190.971 MYR = 0.3410 CAD $10,685.19You payRM 31,525.00 | |||
| Xe Pay via Bank transfer | Fee RM 0.00 1 MYR = 0.3386 CAD +0.71% vs mid-market | Recipient gets $10,674.36 Minutes - 24 hours | |
Ways to receive money in Canada with Xe when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 MYR = 0.3386 CAD $10,674.36You payRM 31,525.00 | |||
| Only available via Mobile App  WorldRemit Pay via Debit card | Fee RM 5.00 1 MYR = 0.3341 CAD +2.04% vs mid-market | Recipient gets $10,532.09 Minutes - 2 days | |
Ways to receive money in Canada with WorldRemit when paying by debit card. MethodFee & ratesRecipient gets Bank depositMinutes - 2 days RM 5.001 MYR = 0.3341 CAD $10,532.09You payRM 31,525.00 | |||
| How Our Results Work Mid-market rate: 1 MYR = 0.341022 CAD Updates every 60 minutes. | |||
Transfer details
I suggest starting with Regency FX which is the cheapest option for sending RM31,525.
There are a few ways to fund your transfer, including bank transfer 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.
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.
There are 5 ways across 4 money transfer services send money from Malaysia to Canada.
Regular transfers from Malaysia
Online services and apps work well for smaller transfers sent home every month.
Wise charges MYR 190.97 and 0.01% markup to send MYR 31,525 and your recipient gets $10,685.19 in within a week.
SST may appear separately on the fee.
Large transfers from Malaysia
Brokers are best for large MYR transfers to Canada.
Regency FX is a good option, they charge no fees and add 0.4% markup on the MYR/CAD exchange rate.
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
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, 31,525 MYR will get you 10,685.19 CAD (after fees).
With Regency FX, paying by bank transfer and receiving through a bank deposit is the cheapest combination. Sending MYR 31,525 gives your recipient 10,721.69 CAD.
You can fund your transfer in MYR through bank transfer and debit card.
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 its very hard to stop or reverse once it leaves your account.
You pay RM31,525.00
$10,722
Cheapest
You pay RM31,525.00
$10,532
-$190
Here are a few things to know about money transfers from Malaysia to Canada.
For a RM 31,525 transfer, these are the best options:
Cheapest - Regency FX, funded by bank transfer with bank deposit for the payout. Your recipient gets 10,721.69 CAD, which is 0.34% more than the next best option.
Fastest - Regency FX, funded by bank transfer with bank deposit for the payout. Your recipient gets 10,721.69 CAD in minutes - 24 hours.
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.
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.
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.
The exchange rate affects how many Canadian Dollars your recipient gets for your Malaysian Ringgit.
Mid-market rate:1 MYR = 0.341408 CAD
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.
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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