What is the
WorldRemit Send Money conversion rate for MYR to NZD?
The WorldRemit MYR to NZD exchange rate is 0.3865. This is -1.5% compared to the latest MYR-NZD mid-market rate 0.3924.
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
Malaysian ringgit (MYR) to New Zealand dollar (NZD) rates from different sources before making a conversion.
The above
WorldRemit - Ringgit to Kiwi comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
WorldRemit and other foreign exchange providers against the latest MYR-NZD mid-rate and the possible savings of using various providers.
How do WorldRemit MYR-NZD rates compare between providers?
Looking at the full
MYR to NZD - Send Money comparison table the provider with the best MYR to NZD exchange rate is OFX at 0.3904, -0.51% from the latest mid-market rate 0.3924.
The next best is Wise at 0.3897, -0.69% from the mid-rate.
Then WorldRemit at 0.3865, which is -1.5% from the mid-rate.
Among the banks the CIMB Bank rate is 0.3712 at -5.4% the OCBC Bank rate is 0.3787 at -3.5% and the Maybank rate is 0.3787 at -3.5% compared to the mid-rate 0.3924.
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
like WorldRemit or platforms that offer rates closer to the mid-market rate.