Compare Best NZD to MYR transfer rates

Compare Exchange Rates & Fees - Save Time & Money

Sending money to Malaysia can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.

Using your Bank to make international wire transfers to India can be especially expensive – often 5% to 10% worse than using a foreign exchange specialist to send to Malaysia bank accounts or pay a Malaysian ringgit invoice.

NZD to MYR Market Data

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

Sell NZD → Buy MYR

1 NZD = 2.3582 MYR

90dLows◒

1d+0.1%▲

NZD to MYR at 2.3754 is 3.4% below its 3-month average of 2.4591, having traded in a relatively stable 6.5% range from 2.3724 to 2.5270

05-NOV 7PM-NY 06-NOV 12AM-LON 8AM-HK 11AM-SYD

Tracker

1 MYR = 0.4240 NZD

Is the NZD to MYR Exchange Rate Likely to Improve?

Predicting exchange rate movements is always challenging, as they’re influenced by a wide range of economic and geopolitical factors. One useful way to assess the current value of the New Zealand dollar against the Malaysian ringgit is to review how the NZD/MYR rate has changed over time.

The table below shows the percentage change in the NZD to MYR exchange rate across various timeframes—from the past 2 weeks to the last 20 years:

Date	NZD/MYR	Change	Period
23 Oct 2025	2.4335	2.7% ▼	2 Week
08 Aug 2025	2.5264	6.2% ▼	3 Month
06 Nov 2024	2.6137	9.4% ▼	1 Year
07 Nov 2020	2.7948	15.2% ▼	5 Year
09 Nov 2015	2.8608	17.2% ▼	10 Year
11 Nov 2005	2.5935	8.7% ▼	20 Year

NZD/MYR historic rates & change to 06-Nov-2025

NZD to MYR Conversion: What Is Your Money Worth?

To help you understand the real-world value of the current exchange rate, the table below shows how much New Zealand dollar are worth in Malaysian ringgit across a range of amounts.

This gives a quick view of what you’d get when converting different NZD amounts at today’s rate * :

NZD	MYR
NZ$ 1	RM 2.3582
NZ$ 5	RM 11.79
NZ$ 10	RM 23.58
NZ$ 20	RM 47.16
NZ$ 50	RM 117.91
NZ$ 100	RM 235.82
NZ$ 250	RM 589.55
NZ$ 500	RM 1,179
NZ$ 1,000	RM 2,358
NZ$ 2,000	RM 4,716
NZ$ 5,000	RM 11,791
NZ$ 10,000	RM 23,582
NZ$ 20,000	RM 47,164
NZ$ 50,000	RM 117,910
NZ$ 100,000	RM 235,820

NZD	MYR
NZ$ 0.4240	RM 1
NZ$ 2.1200	RM 5
NZ$ 4.2400	RM 10
NZ$ 8.4800	RM 20
NZ$ 21.20	RM 50
NZ$ 42.40	RM 100
NZ$ 106.00	RM 250
NZ$ 212.00	RM 500
NZ$ 424.00	RM 1,000
NZ$ 848.00	RM 2,000
NZ$ 2,120	RM 5,000
NZ$ 4,240	RM 10,000
NZ$ 8,480	RM 20,000
NZ$ 21,200	RM 50,000
NZ$ 42,400	RM 100,000

More amounts

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

What is the best Send Money conversion rate for NZD to MYR?

The best NZD to MYR exchange rate is 2.349 from Wise. This is -0.39% compared to the mid-market rate 2.3582.

As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully 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 by banks and other foreign exchange providers against the latest NZD-MYR mid-rate and the possible savings of using various providers.

How do NZD-MYR rates compare between providers?

Looking at the full NZD to MYR - Send Money comparison table the provider with the best NZD to MYR exchange rate is Wise at 2.349, -0.39% from the latest mid-market rate 2.3582.

The next best is OFX at 2.3464, -0.5% from the mid-rate.

Then XE at 2.3441, which is -0.6% from the mid-rate.

It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.

Currency Forecasts related to NZD/MYR