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NZD to MYR - Best Rates Guide

We review NZ Dollar to Malaysian Ringgit latest & historic FX rates along with recent NZD/MYR Trend and Alerts.

 

Latest wholesale rate

1 NZD = 2.8613 MYR
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NZ Dollar to Malaysian Ringgit
- Trend & Alerts

NZDMYR at 2.8613 is 2.7% above its 90-DAY average, range 2.7207-2.8842.
🔔 NZDMYR is DOWN 0.8% TODAY.
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Alert:1-DAY0.8% |
 
NZD to MYR chart

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Comparing NZD to MYR Exchange Rates

You should always check the total cost for any exchange rate you are provided by banks or FX specialists. These exchange rates almost always contain a margin from the wholesale NZD/MYR rate ( interbank mid-rate) plus any fixed or percentage fees.

These margins and fees can vary significantly for NZD to MYR International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions. Also the total cost will also vary depending on the total amount being exchanged.

 
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NZ Dollar to Malaysian Ringgit - Quick Conversions

NZD MYR
NZ$ 1 RM 2.8613
NZ$ 5 RM 14.31
NZ$ 10 RM 28.61
NZ$ 20 RM 57.23
NZ$ 50 RM 143.07
NZ$ 100 RM 286.13
NZ$ 250 RM 715.33
NZ$ 500 RM 1,431
NZ$ 1,000 RM 2,861
NZ$ 2,000 RM 5,723
NZ$ 5,000 RM 14,307
NZ$ 10,000 RM 28,613
NZ$ 50,000 RM 143,065
NZ$ 100,000 RM 286,130
More amounts
NZD MYR
NZ$ 0.3495 RM 1
NZ$ 1.7475 RM 5
NZ$ 3.4950 RM 10
NZ$ 6.9900 RM 20
NZ$ 17.48 RM 50
NZ$ 34.95 RM 100
NZ$ 87.38 RM 250
NZ$ 174.75 RM 500
NZ$ 349.50 RM 1,000
NZ$ 699.00 RM 2,000
NZ$ 1,748 RM 5,000
NZ$ 3,495 RM 10,000
NZ$ 17,475 RM 50,000
NZ$ 34,950 RM 100,000
More amounts

Calculate other NZD/MYR amounts (from or to) at mid-market with our NZD to MYR Calculator .

 

NZ Dollar and Malaysian Ringgit - Market News

 

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)

National Australia Bank (NAB) have revised upwards their NZ dollar forecasts now expecting the NZD/USD rate at US73c by June 2022, up from their previous forecast of US71c. For 2020, it sees the NZD at US68c by year-end, up from a predicted US66c.

Get more details in the article New Zealand Dollar Forecasts.

 

Malaysian Ringgit (MYR)

The Malaysian ringgit is up around 8% (to late November) against the US dollar since the beginning of the pandemic crisis in March 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.

Get more details in the article Malaysian Ringgit Forecasts.

   

Country Guides - Malaysian Ringgit

 
MalaysiaMalaysia (MYR)
     

How to get Best NZD to MYR Exchange Rates

There are two important ways to save on Foreign Exchange, the first is minimising unnecessary or excessive costs and fees, and the other is to transact when the exchange rate is in your favour.

Reduce Excessive costs and fees

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/MYRChangePeriod
2.8584
27 Nov 2020
0.1% ▲1 Week
2.7926
04 Nov 2020
2.5% ▲30 Days
2.7891
05 Sep 2020
2.6% ▲90 Days
2.7316
05 Dec 2019
4.7% ▲1 Year
2.8293
06 Dec 2015
1.1% ▲5 Years
2.3945
07 Dec 2010
19.5% ▲10 Years

NZD/MYR 10 year historic rates & change to 04-Dec-2020 : 2.8613

 
   

Will the NZ 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 BestExchangeRates My Rates Watchlist to track and benefit from currency movements.

 

View My Alerts

 

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.