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NZD to MYR - Exchange Rate Overview

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

 
 

NZ$1,000 NZD
=
RM2,705 MYR

*Converted at interbank exchange rate, scroll down to compare foreign transfer and spend/travel exchange rates.


 

Latest interbank exchange rate:

1 NZD = 2.7049 MYR

Sell NZD / Buy MYR 

 
NZD to MYR 90-day trend
ALERT:4-DAY1.6% |
NZD/MYR at 2.7034 was trading 3% above AVG:2.6245 with LO:2.4955 and HI:2.7051 (90 days). ALERT: NZD/MYR is UP 1.6% this 4-DAY period.

NZ Dollar to Malaysian Ringgit - Quick Conversions

NZD MYR
NZ$ 1 RM 2.7049
NZ$ 5 RM 13.52
NZ$ 10 RM 27.05
NZ$ 20 RM 54.10
NZ$ 50 RM 135.25
NZ$ 100 RM 270.49
NZ$ 250 RM 676.23
NZ$ 500 RM 1,352
NZ$ 1,000 RM 2,705
NZ$ 2,000 RM 5,410
NZ$ 5,000 RM 13,525
NZ$ 10,000 RM 27,049
NZ$ 50,000 RM 135,245
NZ$ 100,000 RM 270,490
More amounts
NZD MYR
NZ$ 0.3697 RM 1
NZ$ 1.8485 RM 5
NZ$ 3.6970 RM 10
NZ$ 7.3940 RM 20
NZ$ 18.49 RM 50
NZ$ 36.97 RM 100
NZ$ 92.43 RM 250
NZ$ 184.85 RM 500
NZ$ 369.70 RM 1,000
NZ$ 739.40 RM 2,000
NZ$ 1,849 RM 5,000
NZ$ 3,697 RM 10,000
NZ$ 18,485 RM 50,000
NZ$ 36,970 RM 100,000
More amounts

To calculate your own NZD/MYR amounts use our Convert NZD to MYR 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 NZD/MYR International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
Foreign Transfer Provider Receive MYR(RM) Exchange RateFee NZDDeal Links
OFX logo
RM2,614.1
3.2%
Best Overall
2.61410^
XE logo
RM2,684.7
0.58%
RM71 more
2.68470
HSBC logo
RM2,563.05
5.09%
RM51 less
2.5669NZ$1.50
TSB Bank International Money Transfers
TSB Bank logo
RM2,525.69
6.47%
RM88 less
2.5512NZ$10.00
BNZ Bank International Money Transfers
BNZ Bank logo
RM2,502.59
7.33%
RM112 less
2.5407NZ$15
ANZ Bank logo
RM2,500.17
7.41%
RM114 less
2.54618
Banks - Average Rate
HSBC logo ANZ Bank logo BNZ Bank logo TSB Bank logo
RM2,523
6.57%
RM91 less
2.551222
 
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OFX: Foreign Transfer NZD→MYR
From Amount (NZD)NZ$1,000
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:2.6141 (3.2% from mid-rate)
To Amount (MYR) RM2,614.1
Total Cost:3.2%
Time:
Rate Fetched: Fri May 29 2020 09:08:23 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
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XE: Foreign Transfer NZD→MYR
From Amount (NZD)NZ$1,000
Fee:0
Exchange Rate:2.6847 (0.58% from mid-rate)
To Amount (MYR) RM2,684.7
Total Cost:0.58%
Difference:
RM71 MYR more than using OFX
Time:9:32 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
 
HSBC logo
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HSBC: Foreign Transfer NZD→MYR
From Amount (NZD)NZ$1,000
Fee:NZ$1.50 NZD (.15%)
Exchange Rate:2.5669 (4.94% from mid-rate)
To Amount (MYR) RM2,563.05
Total Cost:5.09%
Difference:
RM51 MYR less than using OFX
Time:9:32 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
TSB Bank logo
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TSB Bank: Foreign Transfer NZD→MYR
From Amount (NZD)NZ$1,000
Fee:NZ$10.00 NZD (1%)
Exchange Rate:2.5512 (5.53% from mid-rate)
To Amount (MYR) RM2,525.69
Total Cost:6.47%
Difference:
RM88 MYR less than using OFX
Time:9:32 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
BNZ Bank logo
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BNZ Bank: Foreign Transfer NZD→MYR
From Amount (NZD)NZ$1,000
Fee:NZ$15 NZD (Minimum fee)
Exchange Rate:2.5407 (5.91% from mid-rate)
To Amount (MYR) RM2,502.59
Total Cost:7.33%
Difference:
RM112 MYR less than using OFX
Time:9:32 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
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ANZ Bank: Foreign Transfer NZD→MYR
From Amount (NZD)NZ$1,000
Fee:18
Exchange Rate:2.5460 (5.72% from mid-rate)
To Amount (MYR) RM2,500.17
Total Cost:7.41%
Difference:
RM114 MYR less than using OFX
Time:9:32 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 3/5.0
Reviews:
 
Banks - Average Rate
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Foreign Transfer NZD→MYR
From Amount (NZD)NZ$1,000
Fee:22
Exchange Rate:2.5654 (5% from mid-rate)
To Amount (MYR) RM2,523
Total Cost:6.57%
Difference:
RM91 MYR less than using OFX
Transfer Speed:
Services:
 
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Snapshot 05/29/2020 - View live rates
 

The below comparison table displays the margins and possible savings when you order travel money online with a currency specialist rather than in-person from banks and currency kiosks.

Provider Amount MYR(RM) Exchange RateFee NZDDeal Links
RM2,673.47
1%
Best Overall
2.6869NZ$5.00
TSB Bank Foreign Cash
TSB Bank logo
RM2,510.15
7.05%
RM163 less
2.5355NZ$10.00
Banks - Average Rate
BNZ Bank logo TSB Bank logo
RM2,501
7.37%
RM172 less
2.532922
Travelex Online logo
RM2,498.1
7.49%
RM175 less
2.49810^
BNZ Bank Foreign Cash
BNZ Bank logo
RM2,492.35
7.7%
RM181 less
2.5303NZ$15
 
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TransferWise: Travel Money NZD→MYR
From Amount (NZD)NZ$1,000
Fee:NZ$5.00 NZD (0.5% + NZ$1)
Exchange Rate:2.6869 (-0.5% from mid-rate)
To Amount (MYR) RM2,673.47
Total Cost:1%
Time:9:32 Local
Currency Services:Multi-currency debit card with linked foreign bank accounts
Delivery/Collect:5-7 days
Rating:
 
: 4.6/5.0
Reviews:
 
TSB Bank logo
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TSB Bank: Travel Money NZD→MYR
From Amount (NZD)NZ$1,000
Fee:NZ$10.00 NZD (1%)
Exchange Rate:2.5355 (-6.11% from mid-rate)
To Amount (MYR) RM2,510.15
Total Cost:7.05%
Time:9:32 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
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Travel Money NZD→MYR
From Amount (NZD)NZ$1,000
Fee:22
Exchange Rate:2.5668 (-4.95% from mid-rate)
To Amount (MYR) RM2,501
Total Cost:7.37%
Currency Services:Branch
Delivery/Collect:-
 
loading
Travelex Online: Travel Money NZD→MYR
From Amount (NZD)NZ$1,000
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:2.4981 (-7.49% from mid-rate)
To Amount (MYR) RM2,498.1
Total Cost:7.49%
Time:
Rate Fetched: Fri May 29 2020 09:30:03 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
BNZ Bank logo
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BNZ Bank: Travel Money NZD→MYR
From Amount (NZD)NZ$1,000
Fee:NZ$15 NZD (Minimum fee)
Exchange Rate:2.5303 (-6.3% from mid-rate)
To Amount (MYR) RM2,492.35
Total Cost:7.7%
Time:9:32 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
loading
Snapshot 05/29/2020 - View live rates
 
 

Malaysian Ringgit (MYR) Country Guides

MalaysiaMalaysia (MYR)

NZ Dollar and Malaysian Ringgit Forecasts

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)

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.

 

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.


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 a difficult question and the answer really depends on many factors. The best way to consider an exchange rate's relative value is to look at the rate's history.

The following table looks at the change in the NZD to MYR exchange rate over periods upto 10 years.

NZD/MYRPeriod to 28-MayDateRate
1.5% ▲1 Week21 May 20202.6611
2% ▲30 Days28 Apr 20202.6500
2.6% ▲90 Days28 Feb 20202.6329
1.2% ▼1 Year29 May 20192.7334
3.9% ▲5 Years30 May 20152.6002
22% ▲10 Years31 May 20102.2153
NZD/MYR 10 year rates & changes to 28-May-2020 (2.7017)
 

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

 

We help you Save Money on Exchange Rates.

Foreign Transfers Travel Money

View all NZD Exchange Rates