1 MYR = 0.3754 NZD
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What's in this Malaysian Ringgit to NZ Dollar guide?
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 Providers | Receive NZD(NZ$) | Exchange Rate | Fee MYR | Total Cost | Deal Links |
|---|---|---|---|---|---|
 | 3,731.87 NZ$ | 0.3751 | RM51 | 0.62% | |
 | 3,710 NZ$ | 0.371 | 0 for BER users (normally $15) | 1.2% | |
Banks - Average Rate      Banks Average - Click logo for rate | 3,563 NZ$ | 0.3587 | 15 | 5.11% |
Country Guides (MYR & NZD)
 New Zealand (NZD) |  Cook Islands (NZD) |  Malaysia (MYR) |
 Niue (NZD) |  Pitcairn (NZD) |  Tokelau (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.
It is also a good idea to be aware of the change in the historic MYR/NZD exchange rate over longer periods.
We help you Save Money on Exchange Rates.
View all MYR Exchange Rates
