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NZD/MYR - Rate Guide

New Zealand Dollar to Malaysian Ringgit 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 transactions as shown below.

 

NZD/MYR Exchange Rates and Providers Compared

This guide to the New Zealand Dollar to Malaysian Ringgit exchange rate with 90-day chart & alerts, historic rates, forecasts and NZD to MYR comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. Calculate amounts and rate margins with the NZD/MYR Calculator.

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NZD/MYR - 90 Day Rate Alerts

1 NZD = 2.6129 MYR

90-DAY LOWS 60-DAY LOWS 30-DAY LOWS 14-DAY LOWS 7-DAY DOWN 2.4% 1-DAY DOWN 1.9%
NZD/MYR over the last 90 days

View NZD/MYR - Interactive Chart

Exchange rates can 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 NZD/MYR International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
Foreign Transfer ProvidersReceive MYR(RM)Exchange RateFee NZDTotal CostDeal Links
OFX logo
25,274 MYR
Best Overall
2.52740^3.27%
XE logo
25,977 MYR
703 MYR
2.597700.58%
HSBC logo
24,743 MYR
531 MYR
2.478$155.3%
ANZ Bank logo
24,534 MYR
740 MYR
2.4578186.1%
Banks - Average Rate
ANZ Bank logo HSBC logo BNZ Bank logo TSB Bank logo
24,486 MYR
788 MYR
2.4629226.29%
TSB Bank International Money Transfers
TSB Bank logo
24,383 MYR
891 MYR
2.4629$1006.68%
BNZ Bank International Money Transfers
BNZ Bank logo
24,282 MYR
992 MYR
2.4527$1007.07%
 

OFX logo

OFX: Foreign Transfer NZD→MYR
From Amount:10,000 NZD
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:2.5274 (3.27% from mid-rate)
To Amount:25,274 MYR
Total Cost:3.27%
Time:
Rate Fetched: Sun Sep 22 2019 05:08:30 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

XE logo

XE: Foreign Transfer NZD→MYR
From Amount:10,000 NZD
Fee:0
Exchange Rate:2.5977 (0.58% from mid-rate)
To Amount:25,977 MYR
Total Cost:0.58%
Difference:
703 MYR more than using OFX
Time:6:05 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
 

HSBC logo

HSBC: Foreign Transfer NZD→MYR
From Amount:10,000 NZD
Fee:$15 NZD (.15%)
Exchange Rate:2.4780 (5.16% from mid-rate)
To Amount:24,743 MYR
Total Cost:5.3%
Difference:
531 MYR less than using OFX
Time:6:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

ANZ Bank logo

ANZ Bank: Foreign Transfer NZD→MYR
From Amount:10,000 NZD
Fee:18
Exchange Rate:2.4578 (5.94% from mid-rate)
To Amount:24,534 MYR
Total Cost:6.1%
Difference:
740 MYR less than using OFX
Time:6:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 3/5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer NZD→MYR
From Amount:10,000 NZD
Fee:22
Exchange Rate:2.4823 (5% from mid-rate)
To Amount:24,486 MYR
Total Cost:6.29%
Difference:
788 MYR less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

TSB Bank logo

TSB Bank: Foreign Transfer NZD→MYR
From Amount:10,000 NZD
Fee:$100 NZD (1%)
Exchange Rate:2.4629 (5.74% from mid-rate)
To Amount:24,383 MYR
Total Cost:6.68%
Difference:
891 MYR less than using OFX
Time:6:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

BNZ Bank logo

BNZ Bank: Foreign Transfer NZD→MYR
From Amount:10,000 NZD
Fee:$100 NZD (1%)
Exchange Rate:2.4527 (6.13% from mid-rate)
To Amount:24,282 MYR
Total Cost:7.07%
Difference:
992 MYR less than using OFX
Time:6:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 09/22/2019 - See full table

Example of the margins and possible savings when you order travel money online with a currency specialist rather than in-person from banks and currency kiosks.

Travel Money ProvidersAmount MYR(RM)Exchange RateFee NZDTotal CostDeal Links
TSB Bank Foreign Currency
TSB Bank logo
2,428.87 MYR
Compare
2.4534$107.04%
Travelex Online NZ logo
2,428.2 MYR
0.67 MYR
2.42820^7.07%
Banks - Average Rate
BNZ Bank logo TSB Bank logo
2,420 MYR
8.87 MYR
2.4509$107.37%
BNZ Bank Foreign Currency
BNZ Bank logo
2,411.58 MYR
17 MYR
2.4483$157.7%
 

TSB Bank logo

TSB Bank: Travel Money NZD→MYR
From Amount:1,000 NZD
Fee:$10 NZD (1%)
Exchange Rate:2.4534 (6.1% from mid-rate)
To Amount:2,428.87 MYR
Total Cost:7.04%
Time:6:05 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Travelex Online NZ logo

Travelex Online NZ: Travel Money NZD→MYR
From Amount:1,000 NZD
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:2.4282 (7.07% from mid-rate)
To Amount:2,428.2 MYR
Total Cost:7.07%
Time:
Rate Fetched: Sun Sep 22 2019 06:00:05 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 

Banks - Average Rate

Travel Money NZD→MYR
From Amount:1,000 NZD
Fee:$10 NZD (1%)
Exchange Rate:2.4836 (4.95% from mid-rate)
To Amount:2,420 MYR
Total Cost:7.37%
Currency Services:Branch
Delivery/Collect:-
 

BNZ Bank logo

BNZ Bank: Travel Money NZD→MYR
From Amount:1,000 NZD
Fee:$15 NZD (Minimum fee)
Exchange Rate:2.4483 (6.3% from mid-rate)
To Amount:2,411.58 MYR
Total Cost:7.7%
Time:6:05 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Snapshot 09/22/2019 - See full table

NZD / MYR converter & margin calculator

$NZD
RMMYR
mid-rates

Compare how much you can save on NZD/MYR exchange rates for:

Foreign Transfers Travel Money

Foreign Transfers Travel Money

New Zealand Dollar

Malaysian Ringgit

1 NZD 2.6129 MYR
5 NZD 13.06 MYR
10 NZD 26.13 MYR
20 NZD 52.26 MYR
50 NZD 130.65 MYR
100 NZD 261.29 MYR
250 NZD 653.23 MYR
500 NZD 1,306.45 MYR
1,000 NZD 2,612.90 MYR
2,000 NZD 5,225.80 MYR
5,000 NZD 13,064.50 MYR
10,000 NZD 26,129.00 MYR
50,000 NZD 130,645.00 MYR
100,000 NZD 261,290.00 MYR
See more

New Zealand Dollar

Malaysian Ringgit

0.3827 NZD 1 MYR
1.9135 NZD 5 MYR
3.8270 NZD 10 MYR
7.6540 NZD 20 MYR
19.14 NZD 50 MYR
38.27 NZD 100 MYR
95.68 NZD 250 MYR
191.35 NZD 500 MYR
382.70 NZD 1,000 MYR
765.40 NZD 2,000 MYR
1,913.50 NZD 5,000 MYR
3,827.00 NZD 10,000 MYR
19,135.00 NZD 50,000 MYR
38,270.00 NZD 100,000 MYR
See more
Country Guides (NZD & MYR)
New ZealandNew Zealand (NZD)Cook IslandsCook Islands (NZD)MalaysiaMalaysia (MYR)
NiueNiue (NZD)PitcairnPitcairn (NZD)TokelauTokelau (NZD)

NZD/MYR - Historical Trends

This table shows historic rates and trends of New Zealand Dollar to Malaysian Ringgit over periods upto 10 years.

PeriodChange*NZD/MYRDate
1 Day-0.9%2.636919 Sep 2019
7 Day-1.7%2.657813 Sep 2019
30 Day-2.3%2.673921 Aug 2019
3 Month-4.2%2.727022 Jun 2019
1 Year-5.5%2.764920 Sep 2018
5 Year-0.9%2.636521 Sep 2014
10 Year+4.1%2.509022 Sep 2009

*For period to 20-Sep 21UTC when NZD/MYR was 2.6129

You can use our NZD interactive charts to check NZDMYR historic trends.

Get a Better FX Deal when you Send and Spend Abroad.

 

NZD and MYR in the Markets

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

 

New Zealand Dollar (NZD)

The New Zealand dollar weakened in June to a 7-month low against the euro, at rates below €0.58.

At US$0.65, the kiwi remained weak against the greenback, 6 percent lower than rates in March.

Against the Australian dollar, NZD has been steady in recent months, having spent much of its time between A$0.94 and A$0.95.

Robbing New Zealand's currency of gains in 2019 have been lower NZ interest rates, 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.

 

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.

Why can't I just get the NZD/MYR market rate I see online or in the media?

The mid-rate is the rate you will see quoted online or the news. It is actually just the half-way point (hence mid-rate) between the last rate at which the NZD / MYR was traded (bought or sold) in the international markets.

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). Some providers such as Transferwise will quote you the mid-rate (or close to) and charge a separate percentage fee.

Getting a good market rate is mainly about timing however 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.

We help you Compare & Save Money on Exchange Rates.

 

View all NZD Exchange Rates