About this pair
MYR/NZD: what to know
The MYR/NZD rate shows how much NZD you get for 1 MYR. Right now, 1 MYR buys 0.4225 NZD at the mid-market rate. In the other direction, 1 NZD is worth 2.3670 MYR.
In the short term MYR is driven mainly by commodity prices and regional demand, while NZD responds to soft-commodity prices and risk appetite.
The Malaysian Ringgit (MYR) is issued by Bank Negara Malaysia. “Ringgit” means “jagged”, after the milled edges of old Spanish silver dollars. The New Zealand Dollar (NZD) is issued by Reserve Bank of New Zealand. The New Zealand dollar is nicknamed the “Kiwi”, after the bird on the $1 coin.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.