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    Best NZD to MYR Exchange Rates

    The best NZD to MYR rate is 2.8766, and is the current mid-market exchange rate. We help you compare New Zealand dollar to Malaysian ringgit rates and costs to this live market rate.

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

    Compare exchange rates - NZD to MYR

    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 below Rate 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.


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    @bestfxrates : 📉 "#NZDMYR hits 3-month peak near 2.8595, outperforming avg by 2.5%. With NZD's 2024 outlook brightening on possible US Fed easing & high yield, contrasted by MYR's mixed sentiment amid volatile oil & USD/MYR possibly hitting 5, market view advises caution amidst economic uncertainties. #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 =
    2.8766We compare provider deals to this wholesale mid-market rate. Read more
    NZD to MYR is at 90-day highs near 2.8719, 2.9% above its 3-month average of 2.7914, having traded in a quite stable 4.9% range from 2.7385 to 2.8719
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      1 MYR = 0.3476 NZD
    90-DAY HIGH
    14 Nov 2023
    1.2% 2 Week
    30 Aug 2023
    3.8% 3 Month
    28 Nov 2022
    3.8% 1 Year
    29 Nov 2018
    0.2% 5 Year
    30 Nov 2013
    9.3% 10 Year
    03 Dec 2003
    16.3% 20 Year
    NZD/MYR historic rates & change to 28-Nov-2023

    Forecasts for NZD to MYR

    NZDMYR chart
    90-DAY HIGH

    The New Zealand Dollar (NZD) is set to experience a cautiously optimistic year in 2024, with FX analysts forecasting a potential rally influenced by the anticipated easing of the US Federal Reserve, which could lead to a decline in the USD. Despite having weakened by 20% against the US dollar in 2022 due to the risk-off sentiment sparked by the Ukraine crisis and a hawkish Federal Reserve, the NZD is considered somewhat undervalued and remains the highest-yielding G10 currency after the USD. Factors such as the Reserve Bank of New Zealand (RBNZ) potentially cutting rates in the summer of 2024 and a possible remit change to stricter inflation targeting suggest that higher sustained rates could bolster the NZD. These predictions, however, must be balanced against economic risks like persistent inflation, the threat of recession, and volatility in dairy product prices.

    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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