About this pair
NZD/MYR: what to know
The NZD/MYR rate shows how much MYR you get for 1 NZD. Right now, 1 NZD buys 2.3670 MYR at the mid-market rate. In the other direction, 1 MYR is worth 0.4225 NZD.
In the short term NZD is driven mainly by soft-commodity prices and risk appetite, while MYR responds to commodity prices and regional demand.
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. The Malaysian Ringgit (MYR) is issued by Bank Negara Malaysia. “Ringgit” means “jagged”, after the milled edges of old Spanish silver dollars.
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.