Best companies for MYR/NZD transfers
3 of 3 providers Last updated on 28 October 2026
Based on 8,200 MYR transfer Best companies for MYR/NZD transfers Sort Cheapest
Promoted Wise Pay via Bank transfer	Fee RM 56.34 1 MYR = 0.4366 NZD +0.02% vs mid-market	Recipient gets $3,555.43 Same day
25 reviews Multi-currency cardReceive to bank accountDedicated support for large transfers
Ways to receive money in New Zealand with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositSame dayAvailable via:Bank Transfer RM 56.341 MYR = 0.4366 NZD $3,555.43You payRM 8,200.00
Promoted Xe Pay via Bank transfer	Fee RM 0.00 1 MYR = 0.4330 NZD +0.84% vs mid-market	Recipient gets $3,550.60 Minutes - 24 hours
4 reviews Personal account managerReceive to bank accountDedicated support for larger transactions
Ways to receive money in New Zealand with Xe when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 MYR = 0.4330 NZD $3,550.60You payRM 8,200.00
Run a live search Showing top Malaysia to New Zealand deals for 8,200 MYR. Do a live search with your exact amount for today's best rates.
Run a live search Showing companies that send from a business account. Run a business search to get live MYR to NZD rates.
Run a live search These companies offer multi-currency accounts for spending NZD. We suggest doing a live search based on how much MYR you're planning to spend in New Zealand.
Run a live search These are managed services with real human support for large MYR transfers. Click the link and update the transfer amount to get the best deal.
Exclusive: First Transfer Deal Regency FX Pay via Bank transfer	Fee RM 0.00 1 MYR = 0.4355 NZD +0.27% vs mid-market	Recipient gets $3,571.03 Minutes - 24 hours
0 reviews Cheapest Personal account manager
Ways to receive money in New Zealand with Regency FX when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 MYR = 0.4355 NZD $3,571.03You payRM 8,200.00
Wise Pay via Bank transfer	Fee RM 56.34 1 MYR = 0.4366 NZD +0.02% vs mid-market	Recipient gets $3,555.43 Same day
25 reviews Recommended Multi-currency cardReceive to bank accountDedicated support for large transfers
Ways to receive money in New Zealand with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositSame dayAvailable via:Bank Transfer RM 56.341 MYR = 0.4366 NZD $3,555.43You payRM 8,200.00

Wise Pay via FPX	Fee RM 56.34 1 MYR = 0.4366 NZD +0.02% vs mid-market	Recipient gets $3,555.43 Same day
25 reviews Multi-currency cardReceive to bank accountDedicated support for large transfers
Ways to receive money in New Zealand with Wise when paying by fpx. MethodFee & ratesRecipient gets Bank depositSame dayAvailable via:Bank Transfer RM 56.341 MYR = 0.4366 NZD $3,555.43You payRM 8,200.00
Xe Pay via Bank transfer	Fee RM 0.00 1 MYR = 0.4330 NZD +0.84% vs mid-market	Recipient gets $3,550.60 Minutes - 24 hours
4 reviews Fastest Personal account managerReceive to bank accountDedicated support for larger transactions
Ways to receive money in New Zealand with Xe when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 MYR = 0.4330 NZD $3,550.60You payRM 8,200.00
How Our Results Work Mid-market rate: 1 MYR = 0.4367 NZD Updates every 60 minutes.

Why compare

MYR/NZD exchange rate

Best ways to pay & receive

Transfer speed

How to send money from Malaysia to New Zealand

Pick a company

I suggest starting with Regency FX which is the cheapest option for sending RM8,200.

Regency FX was the cheapest on 28 of the 28 days it quoted RM8,200 transfers to New Zealand.

Fund your transfer

There are a few ways to fund your transfer, including bank transfer and fpx.

DuitNow and FPX are most common, both free and instant from your banking app.

This is for funding your money transfer account, not direct transfers to New Zealand.

Verify and send

First time round you'll need your IC, or a passport and permit if you're a foreign worker.

Run a new recipient's account through Semak Mule before you send to confirm their details.

Compare amounts

How much MYR are you sending to New Zealand?

How much MYR you send to New Zealand heavily affects the best ways and the cheapest options. Use the table below to check how the cheapest options change and how much more you'd get by comparing.

Our analysis shows Regency FX was the cheapest in 100% of the transfers from RM8,200 it quoted, and in 100% of all the transfers it quoted.


RM 1,000	0.19%	RM 0.00	$436.40with fpx to bank deposit	+$2.95
RM 5,000	0.00%	RM 36.62	$2,171.16with bank transfer to bank deposit	+$0.22
RM 8,200This page	0.27%	RM 0.00	$3,571.03with bank transfer to bank deposit	+$12.91
RM 10,000	0.27%	RM 0.00	$4,357.84with bank transfer to bank deposit	+$13.84

Mid-market rate: 1 MYR = 0.4367 NZD

MYR/NZD Exchange Rate History

Is today a good time to send money from Malaysia to New Zealand?

The cheapest way to send MYR to NZD can change every day, or stay with the same company all month.

We've compared the mid-market rate with the cheapest option each day (today it's Regency FX), across 30 days of comparisons for 8,200 MYR transfers to New Zealand.

Each line shows what the recipient gets when you send RM 8,200, after fees, as quoted by each company. The mid-market line shows what RM 8,200 converts to at the real exchange rate, with no fees or markup. Rates are checked once a day. Sponsored placements never affect this data. There are no bank quotes for this period.

The dashed line is what you'd get at the mid-market rate with no fees, and the blue line is the cheapest option that day.

When the blue line goes above the dashed one, you're getting more NZD per MYR than the mid-market rate can offer.

This could be due to money transfer offers, FX rate adjustments, or market competitiveness.

No company, app or bank beat the mid-market rate over the past month, meaning you lose a bit of NZD on every transfer from Malaysia.

Right now, Regency FX pays 3,571.03 NZD on 8,200 MYR, which is 9.66 NZD less than the mid-market amount.

Today's payout isn't the best this month though, since the highest receive amount was 3,579.12 NZD.

If you can wait and want to get the most out of your transfer, create a rate alert and we'll let you know when the rate improves.

Cheapest over time

Picking the cheapest money transfer company

Just because a company is the cheapest today doesn't mean it's always the best option for sending money to New Zealand.

We've tracked 92 comparisons to check how often today's top companies were the cheapest across 4 amounts over the past month.

Regency FXAppeared in 44 comparisons
Cheapest every time
WiseAppeared in 92 comparisons
Cheapest in 28% of them
XeAppeared in 56 comparisons
Never the cheapest

Based on 92 comparisons across 4 amounts over the last 30 days.

Different companies can come out cheapest depending on the day and the amount you send.

To keep things fair, we only count the comparisons each company appeared in, and only analyse companies that appeared in at least 50% of all comparisons (so occasional cheapest options don't skew it).

Today Regency FX is the cheapest, but it only quotes some of the amounts we track, so it isn't included in these figures.

Wise (today's second cheapest) was the cheapest in only 28% of its comparisons, so it's rarely the cheapest option for transfers to New Zealand.

Ways to send money from Malaysia to New Zealand

There are 5 ways to send money from Malaysia to New Zealand across 3 money transfer services.

Regular transfers from Malaysia

Online transfers

Online services and apps work well for smaller transfers sent home every month.

Wise charges MYR 56.34 and 0.02% markup to send MYR 8,200 and your recipient gets NZ$3,555.43 in next day.

In our comparisons over the past month, it was the cheapest online service on 30 of the 30 days it quoted.

SST may appear separately on the fee.

Large transfers from Malaysia

Currency brokers

Brokers are best for large MYR transfers to New Zealand.

Regency FX is a good option. They charge no fees and add 0.27% markup on the MYR/NZD exchange rate.

Our analysis shows Regency FX was the cheapest broker in 100% of all the transfers it quoted.

You get an account manager to handle your transfer, and it’s useful for things like home purchases in New Zealand, tuition fees, or moving savings from Malaysia to New Zealand.

Holding multiple balances

Multi-currency accounts

A multi-currency account is useful if you receive income from New Zealand, or travel there often.

Wise lets you hold MYR and NZD in one account, and convert between them when you need.

When converting MYR to NZD, 8,200 MYR will get you 3,555.43 NZD (after fees).

Over the past month, Wise came out cheapest among multi-currency accounts on 100% of days.

Ways to fund MYR and receive NZD in New Zealand

With Regency FX, paying by bank transfer and receiving through a bank deposit is the cheapest combination. Sending MYR 8,200 gives your recipient 3,571.03 NZD.

You can fund your transfer in MYR through bank transfer and fpx.

Paying through online banking (FPX)

Choose fpx at checkout and approve the payment through your Malaysian bank.

This is the simplest and quickest way to fund your account when sending money to New Zealand.

The processing fee may include SST, so double check the final NZD amount first.

The recipient can receive NZD through bank deposit.

They can receive money directly to the bank or card

For a card and bank deposit, you will need the recipient's account name, account number and bank details in New Zealand.

Double check the info, since it's very hard to stop or reverse once it leaves your account.

1

Bank transfer Bank deposit

You pay RM8,200.00

NZ$3,571

Cheapest
2

Fpx Bank deposit

You pay RM8,200.00

NZ$3,555

-NZ$16

Things to check before sending MYR to New Zealand

Here are a few things to know about money transfers from Malaysia to New Zealand.

Best ways to send MYR to New Zealand

For a RM 8,200 transfer, these are the best options:

Cheapest - Regency FX, funded by bank transfer with bank deposit for the payout. Your recipient gets 3,571.03 NZD, which is 0.44% more than the next best option.
Fastest - Regency FX, funded by bank transfer with bank deposit for the payout. Your recipient gets 3,571.03 NZD in minutes - 24 hours.

Transfers and overseas investments are different

Malaysia's Foreign Exchange Policy does not impose the overseas-investment limit on an ordinary payment for family support, education, goods or services.

Different rules can apply when a resident converts ringgit to invest in foreign-currency assets, particularly if they have domestic ringgit borrowing.

Bank Negara Malaysia keeps the current FEP rules and notices here.

Documents needed

A bank or licensed money services business can ask what the payment is for and where the money came from.

Keep the quote, receipt and any supporting invoice or employment record to hand over if needed.

Check the recipient before you send

For a new bank account, check the recipient details through the Royal Malaysia Police Semak Mule service first.

Only use a bank or money transfer service regulated by Bank Negara Malaysia.

Check the company in BNM's list of licensed MSB operators before paying an unfamiliar agent.

If you realise you have sent money to a scammer, contact your bank and call the National Scam Response Centre on 997.

How we analyse the market

Every company here holds a Bank Negara money services licence, and the register is public if you want to check one yourself.

We track 3 of them on MYR to New Zealand, comparing rates, fees and the ways to pay in and collect, refreshed in real time on live comparisons.

In the past 30 days alone, we analysed 92 comparisons across 4 amounts.

This page covers the cheapest and fastest options for MYR/NZD transfers. This is how we pick them:

Cheapest: the company that gets your recipient the most, after fees and the exchange rate. On a tie, live pricing from the company takes priority over the rates we collect by hand.
Fastest: the company with the shortest estimated delivery time once you’ve paid. On a tie, the one that pays out more takes priority.

Each also goes through our review.

Any tax information is for general guidance only and does not constitute tax advice. Speak to a qualified tax adviser about your circumstances.

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Tue, 29 Sept 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	–	–	–
Wise Cheapest	0.4337	RM 56.34	$3,532.08	–
Xe	0.4304	RM 0.00	$3,529.28	–
Regency FX No quote collected this day	–	–	–	–

Wed, 30 Sept 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.4332	–	$3,552.26
Regency FX Cheapest	0.4320	RM 0.00	$3,542.67	−$9.59
Wise	0.4331	RM 56.34	$3,527.37	−$24.89
Xe	0.4300	RM 0.00	$3,526.00	−$26.26

Thu, 1 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.4359	–	$3,574.58
Regency FX Cheapest	0.4347	RM 0.00	$3,564.93	−$9.65
Wise	0.4359	RM 56.34	$3,550.13	−$24.45
Xe	0.4326	RM 0.00	$3,547.32	−$27.26

Fri, 2 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.4364	–	$3,578.66
Regency FX Cheapest	0.4352	RM 0.00	$3,569.00	−$9.66
Wise	0.4364	RM 56.34	$3,553.93	−$24.73
Xe	0.4332	RM 0.00	$3,552.24	−$26.42

Sat, 3 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.4359	–	$3,574.09
Regency FX Cheapest	0.4347	RM 0.00	$3,564.44	−$9.65
Wise	0.4359	RM 56.34	$3,550.22	−$23.87
Xe	0.4269	RM 0.00	$3,500.58	−$73.51

Mon, 5 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.4375	–	$3,587.39
Regency FX Cheapest	0.4363	RM 0.00	$3,577.71	−$9.68
Wise	0.4374	RM 56.34	$3,561.75	−$25.64
Xe	0.4343	RM 0.00	$3,561.26	−$26.13

Tue, 6 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.4377	–	$3,588.81
Regency FX Cheapest	0.4365	RM 0.00	$3,579.12	−$9.69
Wise	0.4376	RM 56.34	$3,563.92	−$24.89
Xe	0.4345	RM 0.00	$3,562.90	−$25.91

Wed, 7 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.4364	–	$3,578.87
Regency FX Cheapest	0.4353	RM 0.00	$3,569.20	−$9.67
Wise	0.4365	RM 56.34	$3,554.38	−$24.49
Xe	0.4332	RM 0.00	$3,552.24	−$26.63

Thu, 8 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.4372	–	$3,584.93
Regency FX Cheapest	0.4360	RM 0.00	$3,575.25	−$9.68
Wise	0.4372	RM 56.34	$3,560.65	−$24.28
Xe	0.4338	RM 0.00	$3,557.16	−$27.77

Fri, 9 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.4354	–	$3,570.22
Regency FX Cheapest	0.4342	RM 0.00	$3,560.58	−$9.64
Wise	0.4356	RM 56.34	$3,547.05	−$23.17
Xe	0.4323	RM 0.00	$3,544.86	−$25.36

Sat, 10 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.4366	–	$3,579.95
Regency FX Cheapest	0.4354	RM 0.00	$3,570.28	−$9.67
Wise	0.4362	RM 56.34	$3,552.53	−$27.42
Xe	0.4278	RM 0.00	$3,507.96	−$71.99

Mon, 12 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.4369	–	$3,582.82
Regency FX Cheapest	0.4357	RM 0.00	$3,573.14	−$9.68
Wise	0.4370	RM 56.34	$3,558.56	−$24.26
Xe	0.4338	RM 0.00	$3,557.16	−$25.66

Tue, 13 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.4369	–	$3,582.90
Regency FX Cheapest	0.4358	RM 0.00	$3,573.23	−$9.67
Wise	0.4370	RM 56.34	$3,558.53	−$24.37
Xe	0.4334	RM 0.00	$3,553.88	−$29.02

Wed, 14 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.4358	–	$3,573.55
Regency FX Cheapest	0.4346	RM 0.00	$3,563.90	−$9.65
Wise	0.4358	RM 56.34	$3,549.02	−$24.53
Xe	0.4326	RM 0.00	$3,547.32	−$26.23

Thu, 15 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.4364	–	$3,578.68
Regency FX Cheapest	0.4352	RM 0.00	$3,569.01	−$9.67
Wise	0.4364	RM 56.34	$3,554.20	−$24.48
Xe	0.4332	RM 0.00	$3,552.24	−$26.44

Fri, 16 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.4326	–	$3,547.59
Regency FX Cheapest	0.4315	RM 0.00	$3,538.01	−$9.58
Wise	0.4326	RM 56.34	$3,523.33	−$24.26
Xe	0.4294	RM 0.00	$3,521.08	−$26.51

Sat, 17 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.4328	–	$3,549.04
Regency FX Cheapest	0.4316	RM 0.00	$3,539.46	−$9.58
Wise	0.4330	RM 56.34	$3,526.20	−$22.84
Xe	0.4249	RM 0.00	$3,484.18	−$64.86

Mon, 19 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.4330	–	$3,550.59
Regency FX Cheapest	0.4318	RM 0.00	$3,541.01	−$9.58
Wise	0.4330	RM 56.34	$3,526.01	−$24.58
Xe	0.4298	RM 0.00	$3,524.36	−$26.23

Tue, 20 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.4307	–	$3,531.58
Regency FX Cheapest	0.4295	RM 0.00	$3,522.04	−$9.54
Wise	0.4306	RM 56.34	$3,506.74	−$24.84
Xe	0.4271	RM 0.00	$3,502.22	−$29.36

Wed, 21 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.4309	–	$3,533.49
Regency FX Cheapest	0.4297	RM 0.00	$3,523.95	−$9.54
Wise	0.4310	RM 56.34	$3,509.60	−$23.89
Xe	0.4277	RM 0.00	$3,507.14	−$26.35

Thu, 22 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.4305	–	$3,529.79
Regency FX Cheapest	0.4293	RM 0.00	$3,520.26	−$9.53
Wise	0.4305	RM 56.34	$3,505.57	−$24.22
Xe	0.4271	RM 0.00	$3,502.22	−$27.57

Fri, 23 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.4303	–	$3,528.44
Regency FX Cheapest	0.4291	RM 0.00	$3,518.91	−$9.53
Wise	0.4303	RM 56.34	$3,503.92	−$24.52
Xe	0.4268	RM 0.00	$3,499.76	−$28.68

Sat, 24 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.4286	–	$3,514.31
Regency FX Cheapest	0.4274	RM 0.00	$3,504.82	−$9.49
Wise	0.4293	RM 56.34	$3,495.72	−$18.59
Xe	0.4209	RM 0.00	$3,451.38	−$62.93

Mon, 26 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	–	–	–
Wise Cheapest	0.4299	RM 56.34	$3,501.28	–
Xe	0.4269	RM 0.00	$3,500.58	–
Regency FX No quote collected this day	–	–	–	–

Tue, 27 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.4299	–	$3,525.25
Regency FX Cheapest	0.4287	RM 0.00	$3,515.73	−$9.52
Wise	0.4300	RM 56.34	$3,501.52	−$23.73
Xe	0.4266	RM 0.00	$3,498.12	−$27.13

How to send money to New Zealand from Malaysia with the best MYR-NZD rate

Best companies for MYR/NZD transfers