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Best NZD to MYR Exchange Rates Compared Live

The best NZD to MYR exchange rate is 2.8691. Compare foreign transfer and currency exchange rates, find better rates & deals.

NZD-MYR Best Exchange Rate Calculator
       

Comparing NZD-MYR exchange rates

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare New Zealand dollar (NZD) to Malaysian ringgit (MYR) rates from different sources before making a conversion.

The above Kiwi to Ringgit comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged vs the latest NZD-MYR mid-rate (see below) and the possible savings of using another provider.

 
@bestfxrates : As of 15 Mar, the NZD faces headwinds amid global economic shifts, trading near US$0.61 lows. Future gains could stem from RBNZ hikes & labor data. Conversely, predictions for MYR show a mixed bag, with some seeing downside risks amid USD strength & oil volatility. #NZDMYR #CurrencyUpdate

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NZD to MYR Market Data

New Zealand dollar (NZD) to Malaysian ringgit (MYR) market data - latest interbank exchange rate, trend, chart & historic rates.

 
1 NZD =
2.8691We compare provider deals to this wholesale mid-market rate. Read more
MYR
+0.3%
📉1M
NZD to MYR at 2.8716 is 1.1% below its 3-month average of 2.9033, having traded in a very stable 3.6% range from 2.8602 to 2.9635
|
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  1 MYR = 0.3485 NZD
DateNZD/MYRChangePeriod
04 Mar 2024
2.8789
0.3% â–¼2 Week
19 Dec 2023
2.9349
2.2% â–¼3 Month
19 Mar 2023
2.8135
2.1% â–²1 Year
20 Mar 2019
2.8093
2.2% â–²5 Year
21 Mar 2014
2.8236
1.7% â–²10 Year
23 Mar 2004
2.5095
14.4% â–²20 Year
NZD/MYR historic rates & change to 18-Mar-2024
 

What are equivalent amounts of NZD and MYR?

Here are some popular conversion amounts for NZD to MYR (New Zealand dollar to Malaysian ringgit)*.

NZD MYR
NZ$ 1 RM 2.8691
NZ$ 5 RM 14.35
NZ$ 10 RM 28.69
NZ$ 20 RM 57.38
NZ$ 50 RM 143.46
NZ$ 100 RM 286.91
NZ$ 250 RM 717.28
NZ$ 500 RM 1,435
NZ$ 1,000 RM 2,869
NZ$ 2,000 RM 5,738
NZ$ 5,000 RM 14,346
NZ$ 10,000 RM 28,691
NZ$ 20,000 RM 57,382
NZ$ 50,000 RM 143,455
NZ$ 100,000 RM 286,910
NZD MYR
NZ$ 0.3485 RM 1
NZ$ 1.7425 RM 5
NZ$ 3.4850 RM 10
NZ$ 6.9700 RM 20
NZ$ 17.43 RM 50
NZ$ 34.85 RM 100
NZ$ 87.13 RM 250
NZ$ 174.25 RM 500
NZ$ 348.50 RM 1,000
NZ$ 697.00 RM 2,000
NZ$ 1,743 RM 5,000
NZ$ 3,485 RM 10,000
NZ$ 6,970 RM 20,000
NZ$ 17,425 RM 50,000
NZ$ 34,850 RM 100,000

More amounts

*Converted at the current NZDMYR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.

 
 

Forecasts for NZD to MYR

 

According to recent analyses and market forecasts, the New Zealand Dollar (NZD) has faced challenges amid declining risk appetite and changing global economic conditions. As the NZD underperformed against the USD and other major counterparts, reaching lows near US$0.61, factors such as US inflation, shifting rate expectations, and falling commodity prices have weighed on the currency. Nonetheless, sustained labor market strength and potential interest rate hikes by the Reserve Bank of New Zealand (RBNZ) could drive future NZD gains. Looking ahead, central bank updates, labor market performance, and inflation data will be crucial indicators guiding the NZD's direction through February. Despite near-term downside pressure, the long-term outlook for the NZD in 2024 appears to be cautiously optimistic, with expectations of a rally, particularly in the second quarter of the year.

Read our full review of recent NZD to MYR forecasts.

 

How to get a good NZD to MYR exchange rate

There are several ways to save on exchange rates when converting New Zealand dollar to Malaysian ringgit:

  1. Shop around for the best NZD/MYR exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
  2. Timing is important: Keep an eye on the NZD/MYR rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
  3. Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
  4. Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both NZD and MYR at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
  5. Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.

The key is reducing excessive costs and fees

Generally speaking, if you are buying Malaysian ringgit with New Zealand dollar, then it's better for the NZD/MYR exchange rate to be higher.

However working against you are the fees all foreign exchange providers charge for providing their service. These fees 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.

It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.

Will the New Zealand dollar rise against the Malaysian ringgit?

It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

To help with this you can add NZD/MYR to your personalised Rate Tracker to track and benefit from currency movements.

 
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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

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Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending


 

Read our Currency guide to Malaysia - a practical currency and money guide to travel, living and doing business in Malaysia with the Malaysian ringgit.

 
 
 

Currency Country Guides

New ZealandNew Zealand (NZD)MalaysiaMalaysia (MYR)
 

How is the expat life in Malaysia?

The expat life in Malaysia can be quite comfortable, depending on where you live. Most expats live in urban areas like Kuala Lumpur, where they have access to international schools, western supermarkets, and hospitals. There are also many expat-friendly activities and events in the city.

Any laws in Malaysia that foreigners should be aware of?

There are several laws in Malaysia that foreigners should be aware of, such as the Sedition Act, the Communications and Multimedia Act, and the Official Secrets Act.

Read more at our Malaysia (MYR) country guide

   
 
 

Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more

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