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Malaysian Ringgit to NZ Dollar exchange rates can vary significantly for International Money Transfers and Travel Money/Card transactions as shown below.
BER | FX Markets | MYR Rates | MYR/NZD
1 MYR = 0.3594 NZD
Sell MYR / Buy NZD
You should always check the total cost for any exchange rate you are provided by banks or FX specialists. These exchange rates almost always contain a margin from the 'Wholesale' rate (interbank mid-rate) plus any fixed or percentage fees.
These margins and fees can vary significantly for International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions. Also the exchange rate margin will also vary depending on the currency pair and total amount.
To calculate other MYR/NZD FROM or TO amounts at wholesale rate use our home-page quick & easy Calculate MYR to NZD .
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.
The Malaysian ringgit is up around 2.5% against the US dollar for 2020 (in August) and is gaining favour from bank commentators such as HSBC due to the attraction of the carry trade - the ability to earn higher interest when holding MYR versus other major currencies.
Read more in the article MYR Forecasts.
Although New Zealand has nearly eliminated COVID-19 and wound back restrictions, its international borders are likely to be closed until 2021. This means the economy will be slower to rebound as its reliance on tourism outweighs that of major counterparts. Despite the New Zealand economy’s reliance on tourism, the NZD has been well supported by positive risk sentiment, higher NZ–US short term yields and robust commodity prices.
Read more in the article NZD Forecasts.
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.
This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the Malaysian Ringgit vs NZ Dollar current value is to look the MYR/NZD historic rate and change over a range of periods.
The following table looks at the change in the MYR to NZD exchange rate over periods from the previous week back to the last 10 years.
MYR/NZD 10 year historic rates
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 BER.me FX Alerts