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1,000 NZD to MYR - Rate Guide

NZ 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/Card transactions as shown below.

 

NZ$1,000 NZD
=
RM2,660 MYR

Amounts converted at interbank mid-rate of 2.6595, see foreign transfers and travel money for available rates.

1 NZD = 2.6595 MYR

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NZD to MYR - Trading Range (90 Day)
1-DAY ▼ 0.6% (3d)
NZD/MYR at 2.6594 was trading 1.2% below the 90-day average 2.6926 with a range 2.6157 to 2.765. There are no current rate alerts.
21-Feb 5PM-NY 10PM-LON | 22-Feb 9AM-SYD

More Charts


Quick Conversions from NZ Dollar to Malaysian Ringgit

NZD

MYR

NZ$ 1
RM 2.6595
NZ$ 5
RM 13.30
NZ$ 10
RM 26.60
NZ$ 20
RM 53.19
NZ$ 50
RM 132.98
NZ$ 100
RM 265.95
NZ$ 250
RM 664.88
NZ$ 500
RM 1,330
NZ$ 1,000
RM 2,660
NZ$ 2,000
RM 5,319
NZ$ 5,000
RM 13,298
NZ$ 10,000
RM 26,595
NZ$ 50,000
RM 132,975
NZ$ 100,000
RM 265,950
More amounts

NZD

MYR

NZ$ 0.3760
RM 1
NZ$ 1.8800
RM 5
NZ$ 3.7600
RM 10
NZ$ 7.5200
RM 20
NZ$ 18.80
RM 50
NZ$ 37.60
RM 100
NZ$ 94.00
RM 250
NZ$ 188.00
RM 500
NZ$ 376.00
RM 1,000
NZ$ 752.00
RM 2,000
NZ$ 1,880
RM 5,000
NZ$ 3,760
RM 10,000
NZ$ 18,800
RM 50,000
NZ$ 37,600
RM 100,000
More amounts

To calculate specific 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 Providers Receive MYR(RM)Exchange RateFee NZDTotal CostDeal Links
OFX logo
25,753 RM
Best Overall
2.57530^3.17%
XE logo
26,441 RM
RM688 more
2.644100.58%
TransferWise logo
26,433 RM
RM680 more
2.6568NZ$510.61%
HSBC logo
25,212 RM
RM541 less
2.525NZ$155.2%
ANZ Bank logo
24,999 RM
RM754 less
2.5044186%
Banks - Average Rate
ANZ Bank logo HSBC logo BNZ Bank logo TSB Bank logo
24,950 RM
RM803 less
2.5096226.19%
TSB Bank International Money Transfers
TSB Bank logo
24,845 RM
RM908 less
2.5096NZ$1006.58%
BNZ Bank International Money Transfers
BNZ Bank logo
24,742 RM
RM1,011 less
2.4992NZ$1006.97%
 
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:2.5753 (3.17% from mid-rate)
To Amount (MYR)25,753 RM
Total Cost:3.17%
Time:
Rate Fetched: Sat Feb 22 2020 06:08:22 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:2.6441 (0.58% from mid-rate)
To Amount (MYR)26,441 RM
Total Cost:0.58%
Difference:
RM688 MYR more than using OFX
Time:6:10 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
 
TransferWise logo
TransferWise: Foreign Transfer NZD→MYR
From Amount (NZD)NZ$10,000
Fee:NZ$51 NZD (0.5% + NZ$1)
Exchange Rate:2.6568 (0.1% from mid-rate)
To Amount (MYR)26,433 RM
Total Cost:0.61%
Difference:
RM680 MYR more than using OFX
Time:6:10 Local
Transfer Speed:0-2 days
Services:Bank Transfers - Online, Foreign Currency Accounts + Multi-currency debit card
Rating:
 
: 4.6/5.0
Reviews:
 
HSBC logo
HSBC: Foreign Transfer NZD→MYR
From Amount (NZD)NZ$10,000
Fee:NZ$15 NZD (.15%)
Exchange Rate:2.5250 (5.06% from mid-rate)
To Amount (MYR)25,212 RM
Total Cost:5.2%
Difference:
RM541 MYR less than using OFX
Time:6:10 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:2.5044 (5.83% from mid-rate)
To Amount (MYR)24,999 RM
Total Cost:6%
Difference:
RM754 MYR less than using OFX
Time:6:10 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:2.5265 (5% from mid-rate)
To Amount (MYR)24,950 RM
Total Cost:6.19%
Difference:
RM803 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:2.5096 (5.64% from mid-rate)
To Amount (MYR)24,845 RM
Total Cost:6.58%
Difference:
RM908 MYR less than using OFX
Time:6:10 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:2.4992 (6.03% from mid-rate)
To Amount (MYR)24,742 RM
Total Cost:6.97%
Difference:
RM1,011 MYR less than using OFX
Time:6:10 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 02/22/2020 - View latest rates
 

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 Providers Amount MYR(RM)Exchange RateFee NZDTotal CostDeal Links
TSB Bank Foreign Currency
TSB Bank logo
2,472.13 RM
Compare
2.4971NZ$107.05%
Banks - Average Rate
BNZ Bank logo TSB Bank logo
2,463 RM
RM9.13 less
2.4946NZ$107.37%
BNZ Bank Foreign Currency
BNZ Bank logo
2,454.62 RM
RM18 less
2.492NZ$157.7%
Travelex Online NZ logo
2,447.5 RM
RM25 less
2.44750^7.97%
 
TSB Bank logo
TSB Bank: Travel Money NZD→MYR
From Amount (NZD)NZ$1,000
Fee:NZ$10 NZD (1%)
Exchange Rate:2.4971 (6.11% from mid-rate)
To Amount (MYR)2,472.13 RM
Total Cost:7.05%
Time:6:10 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:2.5279 (4.95% from mid-rate)
To Amount (MYR)2,463 RM
Total Cost:7.37%
Currency Services:Branch
Delivery/Collect:-
 
BNZ Bank logo
BNZ Bank: Travel Money NZD→MYR
From Amount (NZD)NZ$1,000
Fee:NZ$15 NZD (Minimum fee)
Exchange Rate:2.4920 (6.3% from mid-rate)
To Amount (MYR)2,454.62 RM
Total Cost:7.7%
Time:6:10 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
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:2.4475 (7.97% from mid-rate)
To Amount (MYR)2,447.5 RM
Total Cost:7.97%
Time:
Rate Fetched: Sat Feb 22 2020 06:00:04 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
Snapshot 02/22/2020 - View latest rates
 

Country Guides (NZD & MYR)

New ZealandNew Zealand (NZD)Cook IslandsCook Islands (NZD)MalaysiaMalaysia (MYR)
NiueNiue (NZD)PitcairnPitcairn (NZD)TokelauTokelau (NZD)

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.

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 to the present day for periods going back upto 10 years.

PeriodChange*NZD/MYRDate
1 Day+0.5%2.647420 Feb 2020
7 Day-0.2%2.665514 Feb 2020
30 Day-0.8%2.681322 Jan 2020
3 Month-0.5%2.672523 Nov 2019
1 Year-4.3%2.778921 Feb 2019
5 Year-2.9%2.738422 Feb 2015
10 Year+12.5%2.363223 Feb 2010

*For period to 21-Feb 21UTC when NZD/MYR was 2.6595

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 myBER FX Alerts

We help you Save Money on Exchange Rates.

 

View all NZD Exchange Rates