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    NZD to MYR Exchange Rates

    Compare & Save - New Zealand dollar to Malaysian ringgit exchange rates. Latest kiwi→ringgit analysis and review of forecasts.

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    Compare & Save - New Zealand dollar to Malaysian ringgit

    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 Rate Calculator and Comparison Table makes it easy to compare the Total Cost you are being charged on kiwi to ringgit currency rates and the possible savings of using various providers.

    In this kiwi to ringgit (NZD/MYR) rate guide:

    @bestfxrates : FX analysts forecast a mixed outlook for NZD to MYR exchange rates. Risk-off sentiment & hawkish Fed sentiments weaken the NZ dollar, influenced as well by AUD movements. However, Malaysia's Ringgit is predicted to stay strong in 2023 amidst tourism recovery & stable oil prices. #NZDMYR #ForexUpdate

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    NZD to MYR Market Data

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

    1 NZD =
    2.8148We compare provider deals to this wholesale mid-market rate. Read more
    NZD to MYR at 2.8139 is just 0.5% above its 3-month average of 2.7993, having traded in a relatively stable 7.1% range from 2.7385 to 2.9326
    Sell NZD   →   Buy MYR
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    15 Sep 2023
    1.8% 2 Week
    01 Jul 2023
    1.7% 3 Month
    29 Sep 2022
    5.8% 1 Year
    30 Sep 2018
    2.8% 5 Year
    01 Oct 2013
    5.2% 10 Year
    04 Oct 2003
    24.6% 20 Year
    NZD/MYR historic rates & change to 29-Sep-2023

    Forecasts for NZD to MYR

    NZDMYR chart

    According to recent forecasts and market updates, analysts are predicting a mixed outlook for the NZD to MYR exchange rate. The New Zealand dollar has weakened significantly against the US dollar due to risk-off sentiment driven by the Ukraine situation and a hawkish Federal Reserve. As the NZD/USD and AUD/USD are correlated, the New Zealand dollar has been affected by movements in the Australian dollar as well, due to their geographic proximity and dependence on commodity markets.

    Read our full NZD to MYR forecasts analysis

    NZD note

    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 BER Smart Rate Tracker to track and benefit from currency movements.

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    Rather than requiring you to set a target rate, our FX Alerts work differently. Once you add a currency pair for tracking in your watchlist we can select to be notified daily for any UP DOWN HIGH LOW alerts over a range of periods over the recent 90 days.

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


    Country Currency 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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