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MYR to NZD - Rate Guide

Malaysian Ringgit to NZ Dollar exchange rates aren't all the same.

The total cost you are charged by your bank or foreign exchange provider consists of a margin from the interbank mid-rate plus fees. These margins and fees vary significantly for International Money Transfers and Travel Money/Card transactions as shown below.

 

1 MYR = 0.3754 NZD

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MYR to NZD - Trading Range (90 Day)
14-DAY LOW (4d)
MYR/NZD at 0.3747 is trading 0.9% above the 90-day average 0.3715 with a range 0.3617 to 0.3823. There are no current rate alerts.
16-Feb-2020 16:NY 21:LON 08:SYD+1d

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Quick Conversions from Malaysian Ringgit to NZ Dollar

MYR

NZD

RM 1
NZ$ 0.3754
RM 5
NZ$ 1.8770
RM 10
NZ$ 3.7540
RM 20
NZ$ 7.5080
RM 50
NZ$ 18.77
RM 100
NZ$ 37.54
RM 250
NZ$ 93.85
RM 500
NZ$ 187.70
RM 1,000
NZ$ 375.40
RM 2,000
NZ$ 750.80
RM 5,000
NZ$ 1,877
RM 10,000
NZ$ 3,754
RM 50,000
NZ$ 18,770
RM 100,000
NZ$ 37,540
More amounts

MYR

NZD

RM 2.6639
NZ$ 1
RM 13.32
NZ$ 5
RM 26.64
NZ$ 10
RM 53.28
NZ$ 20
RM 133.20
NZ$ 50
RM 266.39
NZ$ 100
RM 665.98
NZ$ 250
RM 1,332
NZ$ 500
RM 2,664
NZ$ 1,000
RM 5,328
NZ$ 2,000
RM 13,320
NZ$ 5,000
RM 26,639
NZ$ 10,000
RM 133,195
NZ$ 50,000
RM 266,390
NZ$ 100,000
More amounts

To calculate specific MYR/NZD amounts use our Convert MYR to NZD quick calculator.


Comparing Foreign Exchange Providers

The total cost you are charged by your foreign exchange provider consists of the margin from the mid-rate offered plus any fixed or percentage fees. These margins and fees vary significantly for International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions.

The Exchange rate you are offered can also vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for MYR/NZD International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
Foreign Transfer ProvidersReceive NZD(NZ$)Exchange RateFee MYRTotal CostDeal Links
TransferWise logo
3,731.87 NZ$0.3751RM510.62%
OFX logo
3,710 NZ$0.3710 for BER users (normally $15)1.2%
Maybank International Money Transfers
Maybank logo
3,587.76 NZ$0.3624RM1004.45%
OCBC Bank International Money Transfers
OCBC Bank logo
3,587.76 NZ$0.3624RM1004.45%
United Overseas Bank International Money Transfers
United Overseas Bank logo
3,587.76 NZ$0.3624RM1004.45%
Banks - Average Rate
Citibank logo Maybank logo HSBC logo OCBC Bank logo United Overseas Bank logo
3,563 NZ$0.3587155.11%
HSBC logo
3,541.68 NZ$0.3547RM155.68%
Citibank International Money Transfers
Citibank logo
3,510.78 NZ$0.3515126.5%
 
TransferWise logo
TransferWise: Foreign Transfer MYR→NZD
From Amount (MYR)RM10,000
Fee:RM51 MYR (0.5% + RM1)
Exchange Rate:0.3751 (0.11% from mid-rate)
To Amount (NZD)3,731.87 NZ$
Total Cost:0.62%
Time:1:08 Local
Transfer Speed:0-2 days
Services:Bank Transfers - Online, Foreign Currency Accounts + Multi-currency debit card
Rating:
 
: 4.6/5.0
Reviews:
 
OFX logo
OFX: Foreign Transfer MYR→NZD
From Amount (MYR)RM10,000
Fee:0 for BER users (normally $15)
Exchange Rate:0.3710 (1.2% from mid-rate)
To Amount (NZD)3,710 NZ$
Total Cost:1.2%
Difference:
NZ$22 NZD less than using TransferWise
Time:
Rate Fetched: 1:08 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
Maybank logo
Maybank: Foreign Transfer MYR→NZD
From Amount (MYR)RM10,000
Fee:RM100 MYR (1%)
Exchange Rate:0.3624 (3.49% from mid-rate)
To Amount (NZD)3,587.76 NZ$
Total Cost:4.45%
Difference:
NZ$144 NZD less than using TransferWise
Time:1:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
OCBC Bank logo
OCBC Bank: Foreign Transfer MYR→NZD
From Amount (MYR)RM10,000
Fee:RM100 MYR (1%)
Exchange Rate:0.3624 (3.49% from mid-rate)
To Amount (NZD)3,587.76 NZ$
Total Cost:4.45%
Difference:
NZ$144 NZD less than using TransferWise
Time:1:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
United Overseas Bank logo
United Overseas Bank: Foreign Transfer MYR→NZD
From Amount (MYR)RM10,000
Fee:RM100 MYR (1%)
Exchange Rate:0.3624 (3.49% from mid-rate)
To Amount (NZD)3,587.76 NZ$
Total Cost:4.45%
Difference:
NZ$144 NZD less than using TransferWise
Time:1:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer MYR→NZD
From Amount (MYR)RM10,000
Fee:15
Exchange Rate:0.3587 (4.47% from mid-rate)
To Amount (NZD)3,563 NZ$
Total Cost:5.11%
Difference:
NZ$169 NZD less than using TransferWise
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
HSBC logo
HSBC: Foreign Transfer MYR→NZD
From Amount (MYR)RM10,000
Fee:RM15 MYR (.15%)
Exchange Rate:0.3547 (5.54% from mid-rate)
To Amount (NZD)3,541.68 NZ$
Total Cost:5.68%
Difference:
NZ$190 NZD less than using TransferWise
Time:1:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Citibank logo
Citibank: Foreign Transfer MYR→NZD
From Amount (MYR)RM10,000
Fee:12
Exchange Rate:0.3515 (6.39% from mid-rate)
To Amount (NZD)3,510.78 NZ$
Total Cost:6.5%
Difference:
NZ$221 NZD less than using TransferWise
Time:1:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 02/17/2020 - View latest rates

Country Guides (MYR & NZD)

New ZealandNew Zealand (NZD)Cook IslandsCook Islands (NZD)MalaysiaMalaysia (MYR)
NiueNiue (NZD)PitcairnPitcairn (NZD)TokelauTokelau (NZD)

MYR and NZD in the Markets

When determining the best time to make a foreign exchange transaction, in this case the MYR vs NZD, you should pay attention to the recent market trends for both currencies.

Malaysian Ringgit (MYR)

Malaysia was added to a US watchlist of suspected currency manipulators in May. Though that means little right now in terms of economic implications, it added to negative sentiment, which then spurred a rise in USD/MYR to a 6-month high (MYR low) of RM4.2.

Among factors contributing to the ringgit’s weakness over the past year has been political uncertainty relating to Malaysia’s ruling Pakatan Harapan coalition, late-2018’s crash in oil prices, global trade tensions and higher US interest rates.

Read more in the article MYR Forecasts.

 

NZ Dollar (NZD)

Growing fears of the coronavirus outbreak has moved the market into safer currencies such as the USD and away from AUD, NZD and CAD.

The threat of proxy war between the US and Iran in Iraq also pared back some of the gains the Kiwi had made coming into the New Year.

In December the New Zealand dollar has climbed back to US$0.66 it's highest value since July.

Against the Australian dollar, jumped to A$0.96 after being as low as A$0.92 in early November before starting a strong recovery upto current levels above A$0.95.

Robbing New Zealand's currency of better gains in 2019 have been reduced risk appetite spurred on by an escalation in the US-China trade standoff, and high correlations with other weak currencies, including the Australian dollar and yuan.

Read more in the article NZD Forecasts.


How to get Best MYR to NZD Exchange Rates

All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate).

The transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

When is the best time to exchange MYR to NZD?

Getting a good market rate is all about timing to help with this you can use BER Smart Alerts to make the most of currency movements.

Rather than requiring you to set a target rate, our rate alerts work differently. We check for daily high/lows and changes (up/down) over a range of periods up to 90 days rather than requiring you to set target rates.

Setup myBER FX Alerts

It is also a good idea to be aware of the change in the historic MYR/NZD exchange rate over longer periods.

MYR/NZD - Historical Rates

PeriodMYR/NZDDate
1 Day0.377910 Feb 2020
7 Day0.374704 Feb 2020
30 Day0.369612 Jan 2020
3 Month0.375313 Nov 2019
1 Year0.364211 Feb 2019
5 Year0.374812 Feb 2015
10 Year0.419813 Feb 2010

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