Loading...

Home pages - full list (A-Z)

NZD to 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 update & alerts

1 NZD = 2.6758 MYR

NZD to MYR - Trading Range (90 Day)
14-DAY HIGH (1d)
90-DAY TREND: At 2.6689 NZD/MYR is trading 0.5% above the average 2.6554 with a range 2.6129 to 2.6899. There are no current alerts. Updated: 08:01-AEDT 21:01-GMT 16:01-EST

More Charts

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. If you want to calculate equivalent amounts in foreign currencies or rate margins then use our NZD/MYR Quick Calculator.

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
RM25,924
Best Overall
2.59240^2.92%
XE logo
RM26,550
RM626 more
2.65500.58%
HSBC logo
RM25,380
RM544 less
2.5418NZ$154.96%
ANZ Bank logo
RM25,165
RM759 less
2.521185.77%
Banks - Average Rate
ANZ Bank logo HSBC logo BNZ Bank logo TSB Bank logo
RM25,115
RM809 less
2.5262225.95%
TSB Bank International Money Transfers
TSB Bank logo
RM25,009
RM915 less
2.5262NZ$1006.35%
BNZ Bank International Money Transfers
BNZ Bank logo
RM24,906
RM1,018 less
2.5158NZ$1006.74%
 

OFX logo

OFX: Foreign Transfer NZD→MYR
From Amount (NZD)NZ$10,000
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:2.5924 (2.92% from mid-rate)
To Amount (MYR) RM25,924
Total Cost:2.92%
Time:
Rate Fetched: Fri Nov 22 2019 05:08:23 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 (NZD)NZ$10,000
Fee:0
Exchange Rate:2.6550 (0.58% from mid-rate)
To Amount (MYR) RM26,550
Total Cost:0.58%
Difference:
RM626 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 (NZD)NZ$10,000
Fee:NZ$15 NZD (.15%)
Exchange Rate:2.5418 (4.82% from mid-rate)
To Amount (MYR) RM25,380
Total Cost:4.96%
Difference:
RM544 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 (NZD)NZ$10,000
Fee:18
Exchange Rate:2.5210 (5.6% from mid-rate)
To Amount (MYR) RM25,165
Total Cost:5.77%
Difference:
RM759 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 (NZD)NZ$10,000
Fee:22
Exchange Rate:2.5370 (5% from mid-rate)
To Amount (MYR) RM25,115
Total Cost:5.95%
Difference:
RM809 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 (NZD)NZ$10,000
Fee:NZ$100 NZD (1%)
Exchange Rate:2.5262 (5.4% from mid-rate)
To Amount (MYR) RM25,009
Total Cost:6.35%
Difference:
RM915 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 (NZD)NZ$10,000
Fee:NZ$100 NZD (1%)
Exchange Rate:2.5158 (5.79% from mid-rate)
To Amount (MYR) RM24,906
Total Cost:6.74%
Difference:
RM1,018 MYR less than using OFX
Time:6:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 11/22/2019 - 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
RM2,482.43
Compare
2.5075NZ$107.04%
Banks - Average Rate
BNZ Bank logo TSB Bank logo
RM2,474
RM8.43 less
2.5049NZ$107.37%
Travelex Online NZ logo
RM2,466.5
RM16 less
2.46650^7.64%
BNZ Bank Foreign Currency
BNZ Bank logo
RM2,464.77
RM18 less
2.5023NZ$157.7%
 

TSB Bank logo

TSB Bank: Travel Money NZD→MYR
From Amount (NZD)NZ$1,000
Fee:NZ$10 NZD (1%)
Exchange Rate:2.5075 (6.1% from mid-rate)
To Amount (MYR) RM2,482.43
Total Cost:7.04%
Time:6:05 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money NZD→MYR
From Amount (NZD)NZ$1,000
Fee:NZ$10 NZD (1%)
Exchange Rate:2.5384 (4.95% from mid-rate)
To Amount (MYR) RM2,474
Total Cost:7.37%
Currency Services:Branch
Delivery/Collect:-
 

Travelex Online NZ logo

Travelex Online NZ: Travel Money NZD→MYR
From Amount (NZD)NZ$1,000
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:2.4665 (7.64% from mid-rate)
To Amount (MYR) RM2,466.5
Total Cost:7.64%
Time:
Rate Fetched: Fri Nov 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:
 

BNZ Bank logo

BNZ Bank: Travel Money NZD→MYR
From Amount (NZD)NZ$1,000
Fee:NZ$15 NZD (Minimum fee)
Exchange Rate:2.5023 (6.3% from mid-rate)
To Amount (MYR) RM2,464.77
Total Cost:7.7%
Time:6:05 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Snapshot 11/22/2019 - See full table

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