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    Best NZD to MYR Exchange Rates Compared Live

    The live mid-rate NZD to MYR exchange rate is 2.5427. Compare currency conversion rates - Reduce FX costs.

    NZD-MYR Best Exchange Rates
     

     
    The NZD is under pressure against the MYR, trading at 2.5431 as risk-off sentiment dominates. Concerns about potential policies from a Trump presidency weigh on the kiwi, while the MYR strengthens on positive economic outlooks and rising oil prices. Expect fluctuations ahead. 15-Feb

     
     

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

    The best NZD to MYR exchange rate is our partner deal rate of 2.53 from OFX . This is -0.5% compared to the mid-market rate 2.5427.

    The standard OFX NZD-MYR rate is 2.4484, -3.7% 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.

    How do NZD-MYR rates compare between providers?

    Looking at our comparison table the best NZD to MYR exchange rate is 2.53 from OFX, -0.5% from the mid-market rate 2.5427. The next best rate is 2.5274 from XE, -0.6% from the mid-rate. Wise with 2.5249 is -0.7% from the mid-rate.

    Among the banks, the ANZ Bank rate is 2.3975 at -5.7%, the BNZ Bank rate is 2.3696 at -6.8%, and the TSB Bank rate is 2.3543 at -7.4% 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.

     

    Compare Rates

     

    The Kiwi to Ringgit comparison table above 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 (see Market Data below ) and the possible savings of using various providers. 

     
     
     

    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 =
    2.5427We compare provider deals to this wholesale mid-market rate. Read more
    MYR
    +0.5% since yesterday
    14d-highs
    NZD to MYR is at 14-day highs near 2.5431, just below its 3-month average, having traded in a relatively stable 6.8% range from 2.4753 to 2.6437
    |
    Tracker

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      1 MYR = 0.3933 NZD
    DateNZD/MYRChangePeriod
    31 Jan 2025
    2.5117
    0.7% 2 Week
    16 Nov 2024
    2.6208
    3.5% 3 Month
    15 Feb 2024
    2.9213
    13.5% 1 Year
    16 Feb 2020
    2.6695
    5.3% 5 Year
    17 Feb 2015
    2.7042
    6.5% 10 Year
    19 Feb 2005
    2.7408
    7.8% 20 Year
    NZD/MYR historic rates & change to 14-Feb-2025
     

    What are equivalent amounts of NZD and MYR?

    Here are some popular conversion amounts for NZD to MYR (New Zealand dollar to Malaysian ringgit)*.

    NZD MYR
    NZ$ 1 RM 2.5427
    NZ$ 5 RM 12.71
    NZ$ 10 RM 25.43
    NZ$ 20 RM 50.85
    NZ$ 50 RM 127.14
    NZ$ 100 RM 254.27
    NZ$ 250 RM 635.68
    NZ$ 500 RM 1,271
    NZ$ 1,000 RM 2,543
    NZ$ 2,000 RM 5,085
    NZ$ 5,000 RM 12,714
    NZ$ 10,000 RM 25,427
    NZ$ 20,000 RM 50,854
    NZ$ 50,000 RM 127,135
    NZ$ 100,000 RM 254,270
    NZD MYR
    NZ$ 0.3933 RM 1
    NZ$ 1.9665 RM 5
    NZ$ 3.9330 RM 10
    NZ$ 7.8660 RM 20
    NZ$ 19.67 RM 50
    NZ$ 39.33 RM 100
    NZ$ 98.33 RM 250
    NZ$ 196.65 RM 500
    NZ$ 393.30 RM 1,000
    NZ$ 786.60 RM 2,000
    NZ$ 1,967 RM 5,000
    NZ$ 3,933 RM 10,000
    NZ$ 7,866 RM 20,000
    NZ$ 19,665 RM 50,000
    NZ$ 39,330 RM 100,000

    More amounts

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

     
     

    Forecasts for NZD to MYR

     

    The recent performance of the New Zealand dollar (NZD) against the Malaysian ringgit (MYR) reflects a complex interplay of factors influencing both currencies. The NZD has faced significant downward pressure amid a risk-off market sentiment, exacerbated by concerns over potential economic policies that could arise from a possible Trump presidency, which could lead to stricter tariffs impacting key trading partners like China and Europe. As FX analysts noted, a cautious investor mentality could keep the kiwi on the defensive while it trades near recent highs against the MYR at 2.5431. This level is only slightly below its three-month average, indicating some volatility, particularly as the NZD tends to move in correlation with the Australian dollar given their geographical proximity and dependence on commodity markets.

    Read our full review of recent NZD to MYR forecasts.

     
    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.

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

    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.

    Multi-Vendor Quote

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    Click below for the Request Quotes form and enter your transfer details (BER account required).

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    Save time and money - fewer websites to visit and you get a much better exchange rate & service.

    Compare Rates

    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 Rate Tracker to track and benefit from currency movements.

     
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    Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

    Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending

     
     

    Currency Country 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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