The comparison table above helps you see the total cost of your currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your details and click ‘Get Rates’.
Save Money - Compare Exchange Rate Margins & Fees
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.
NZD to MYR at 2.5565 is just above its 3-month average, having traded in a relatively stable 6.3% range from 2.4765 to 2.6329
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Tracker
1 MYR =
0.3934 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 May 2025
2.5327
1% ▲
2 Week
08 Mar 2025
2.5200
1.5% ▲
3 Month
06 Jun 2024
2.9089
12.1% ▼
1 Year
07 Jun 2020
2.7881
8.3% ▼
5 Year
09 Jun 2015
2.6779
4.5% ▼
10 Year
11 Jun 2005
2.6921
5% ▼
20 Year
NZD/MYR historic rates & change to 06-Jun-2025
NZD to MYR currently at 2.5211, just below the three-month average. FX analysts note NZD's strength from rising dairy prices but warn of geopolitical headwinds and tariff concerns. MYR rebounds on foreign investment optimism but remains sensitive to oil price volatility. 10-Mar
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 * :
The standard OFX NZD-MYR rate is 2.4493, -3.6% from the mid-rate. Visit OFX here to secure the better rate.
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 comparison table
the best NZD to MYR exchange rate is 2.5293 from OFX, -0.5% from the mid-market rate 2.5420. The next best rate is 2.5267 from XE, -0.6% from the mid-rate. Then Wise with 2.5242 is -0.7% from the mid-rate.
Among the banks the ANZ Bank rate is 2.3985 at -5.6% the BNZ Bank rate is 2.3705 at -6.7% and the TSB Bank rate is 2.3552 at -7.3% compared to the mid-rate 2.5420.
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.
View a full list of exchange rates by selecting your Base (from) currency: