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NZD to MYR - Exchange Rate Review

NZ Dollar to Malaysian Ringgit exchange rates can vary significantly for International Money Transfers and Travel Money/Card transactions as shown below.

 
 

Latest NZD/MYR exchange rate (wholesale):

1 NZD = 2.7648 MYR

Sell NZD / Buy MYR 

 
NZD to MYR chart and trends
ALERT:30-DAY LOWS |
NZD to MYR at 2.7648 was trading 1.1% above AVG:2.736 with LO:2.5823 and HI:2.8426 (90 days). ALERT: NZD/MYR dropped to 30-DAY LOWS.
 

NZ Dollar to Malaysian Ringgit - Quick Conversions

NZD MYR
NZ$ 1 RM 2.7648
NZ$ 5 RM 13.82
NZ$ 10 RM 27.65
NZ$ 20 RM 55.30
NZ$ 50 RM 138.24
NZ$ 100 RM 276.48
NZ$ 250 RM 691.20
NZ$ 500 RM 1,382
NZ$ 1,000 RM 2,765
NZ$ 2,000 RM 5,530
NZ$ 5,000 RM 13,824
NZ$ 10,000 RM 27,648
NZ$ 50,000 RM 138,240
NZ$ 100,000 RM 276,480
More amounts
NZD MYR
NZ$ 0.3617 RM 1
NZ$ 1.8085 RM 5
NZ$ 3.6170 RM 10
NZ$ 7.2340 RM 20
NZ$ 18.09 RM 50
NZ$ 36.17 RM 100
NZ$ 90.43 RM 250
NZ$ 180.85 RM 500
NZ$ 361.70 RM 1,000
NZ$ 723.40 RM 2,000
NZ$ 1,809 RM 5,000
NZ$ 3,617 RM 10,000
NZ$ 18,085 RM 50,000
NZ$ 36,170 RM 100,000
More amounts

To calculate other NZD/MYR amounts try our home-page Convert NZD to MYR quick converter.

Comparing Retail Exchange Rates

The total cost for 'Retail' exchange rates you receive from your bank or foreign exchange provider consists of the 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.

 
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Country Guides - Malaysian Ringgit

 
MalaysiaMalaysia (MYR)
   

NZ Dollar - Malaysian Ringgit Forecasting

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.

NZ Dollar (NZD)

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.

 

Malaysian Ringgit (MYR)

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.

 

How to get Best NZD to MYR 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.

 

What is a good NZD to MYR exchange rate?

This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the NZ Dollar vs Malaysian Ringgit current value is to look the NZD/MYR historic rate and change over a range of periods.

The following table looks at the change in the NZD to MYR exchange rate over periods from the previous week back to the last 10 years.

NZD/MYR rateChangePeriod
31 Jul 2020 : 2.81151.6% ▼1 Week
08 Jul 2020 : 2.80641.5% ▼30 Days
09 May 2020 : 2.66024% ▲90 Days
08 Aug 2019 : 2.71401.9% ▲1 Year
09 Aug 2015 : 2.59386.6% ▲5 Years
10 Aug 2010 : 2.272621.7% ▲10 Years
NZD/MYR 10 year historic rates & changes to 07-Aug-2020 : 2.7656
 

When is the best time to exchange NZD to MYR?

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