How to send money to Malaysia from New Zealand with the best NZD-MYR rate
Compare ways to send money from New Zealand to Malaysia. Find the cheapest, fastest, and most reliable providers with the best NZD to MYR exchange rates.
Read on for the best deals, expert information, and all you need to send money to Malaysia from New Zealand.
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."
"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"OFX have been helping individuals and businesses send money for over 25 years. Transfer in 50+ currencies to 170+ countries, with 24/7 phone access to currency experts."
"OFX have been helping individuals and businesses send money for over 25 years. Transfer in 50+ currencies to 170+ countries, with 24/7 phone access to currency experts."
"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."
"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."
"Remitly focuses on sending money to friends and family in Asia, Africa and South America. Wide coverage and well-suited to regular transfers home."
"Remitly focuses on sending money to friends and family in Asia, Africa and South America. Wide coverage and well-suited to regular transfers home."
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."
"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."
Best recommended: Wise
Of the 7 money transfer providers tested and reviewed, Wise scored highly for its competitive rates and fees.
For example, sending 10,000 NZD to MYR will cost you $35.03 in fees, and you will receive 23,660.43 MYR.
Make your New Zealand to Malaysia transfer using Wise for the best mix of cost and speed.
How to compare deals on New Zealand to Malaysia money transfers
Always compare rates
Don't pay more than you need to. Use our live comparison tool to ensure the best rates on money transfers from New Zealand to Malaysia.
Choose a provider
Select the provider that gives you the best value & service for your needs
Click, sign up & send
Follow the steps & start your transfer from New Zealand. Your funds will be converted to Malaysian Ringgit and transferred to Malaysia.
Summary of recent searches
Considerations for money transfers from New Zealand to Malaysia
Comparing providers offering services between New Zealand and Malaysia, based on your specific needs is the best way to send money with confidence.
Our comparison includes 7 companies that provide the ability to send New Zealand Dollar to Malaysia.
This ensures you get the best options for transfers to Malaysia from New Zealand, based on the amount you want to send.
Cheapest way to transfer money to Malaysia from New Zealand: Panda Remit
Of the 7 providers compared, data shows that Panda Remit is 0.02% cheaper than the second-best option.
The is cost is made up of an average NZD-MYR exchange rate that is 0.3% different to the mid-market rate and an average fee of 4* NZD.
If you want to secure the best rates on a NZD to Malaysia transfer, Panda Remit will result in the most Malaysian Ringgit received.
Fastest money transfers from New Zealand to Malaysia: Wise.
Based on our recent data, transfer time for a $10,000 transfer to Malaysia with Wise is same day. This can vary by amount and method, but it is a good point of reference.
Sending money from New Zealand to Malaysia through Wise will cost you 35.03 NZD in fees & small markup.
Wise was one of 7 money transfer providers we compared for overall speed of sending money from New Zealand to Malaysia. This speed test included depositing New Zealand Dollars to an account and the average timeframe for sending money to Malaysia.
When fast transfers are a priority, Wise is our best choice for sending from New Zealand to Malaysia.
The best apps to send NZD to Malaysia from New Zealand
Most money transfer companies have apps you can use to send money abroad.
We've compared and analyzed over 7 apps & companies for NZD/MYR transfers and these are the best apps we found. All these apps are available on iOS and Android for free.
App | Rating | Mobile wallet |
|---|---|---|
iOS: 4.8 / 2.6K reviews Android: 4.4 / 4.19K reviews | Yes (30+ currencies) | |
iOS: 4.9 / 2.3M reviews Android: 4.8 / 1.29M reviews | Yes (Remitly One) | |
iOS: 4.8 / 158K reviews Android: 4.8 / 1.52M reviews | Yes (40+ currencies) | |
iOS: 4.8 / 108.4K reviews Android: 4.8 / 346K reviews | No |
Send large sums of money
From the 7 options we compared, Wise offers the strongest all round option for large transfers to Malaysia from New Zealand.
Whatever the reason, sending large sums of money can be expensive if you get a bad exchange rate from Malaysian Ringgits to Malaysian Ringgit.
As such, we recommend Wise for large transfers between Malaysia and New Zealand.
Understanding the cost of sending money from New Zealand to Malaysia
Ensuring a strong combination of fees and exchange rates ensures the best deal on money transfers from New Zealand to Malaysia.
The Mid-Market and Exchange Rates: Finding a provider as close to mid-market rate as possible will ensure more Malaysian Ringgit for your New Zealand Dollar. The current NZD-MYR mid-market rate is 2.3744 MYR per New Zealand Dollar.
This rate changes regularly so it can pay to track it. For comparison, the NZD-MYR mid-market rate for the past 7 days has averaged 2.3629 MYR per New Zealand Dollar, with a low of 2.3268 and a high of 2.3745.
Wise is currently offering the best exchange rate from the 7 companies compared.
Often the NZD-MYR exchange rate you pay is the biggest cost factor when transferring New Zealand Dollars to Malaysia.
Fees: Money transfer fees are charged on top the exchange rate and can be set, or a percentage of the total amount of New Zealand Dollar you’re sending to Malaysia. Panda Remit currently has the lowest fees for transfers into MYR of just 4 NZD. We always recommend searching for your exact send amount for an exact fee.
Amount Received: The amount received in Malaysian Ringgit is the biggest indicator of the total cost of sending money to Malaysia from New Zealand. The bigger the amount received in Malaysia, the lower the overall cost of sending from New Zealand.
Getting best exchange rate for sending New Zealand Dollar to Malaysian Ringgit
Timing is essential when tracking the mid-market rate between NZD and MYR. The end exchange rate you secure impacts how much MYR you get for your NZD.
The recent mid-market rate trends are:
Over the past 7 days, the mid-market rate from NZD to MYR was 2.3629.
During this period, it hit a high of 2.3745, and a low of 2.3268.
Wise, which is our recommended service to send money online from New Zealand to Malaysia offers an exchange rate that is only 0.01% above the mid-market rate.
Want to secure the best NZD-Malaysian Ringgit exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from New Zealand to Malaysia!
Payment options for transfers from New Zealand to Malaysia
Bank transfers
Bank transfers are often the fastest and cheapest way to send money from New Zealand to Malaysia.
Using a money transfer company such as Panda Remit for payments from New Zealand to Malaysia, means you can send via a bank transfer and benefit from lower fees and more favorable exchange rates than you would get with a traditional bank.
Panda Remit is the best money transfer provider for bank transfers of the 7 we compared when sending NZD to Malaysia.
With a fee of 4 NZD to transfer money from New Zealand to Malaysia, Panda Remit offers a great combination of competitive exchange rates and lower fees.
Prepaid and debit cards
Sending money with a debit card from New Zealand to Malaysia is easy with Xe.
Xe is a leader in debit card money transfers from New Zealand to Malaysia. They are the best option of the 7 transfer companies compared.
Credit cards
When it comes to credit card transfers from New Zealand to Malaysia, we to get the best deal.
Fee alert: using a credit card to transfer money internationally often results in a fee being charged by your card issuer. That's why we recommend bank transfer or debit card instead.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Malaysia and New Zealand.
Our comparison engine and algorithms evaluate providers based on over 25 factors, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from New Zealand to Malaysia.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send NZD to MYR.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy and review methodology.
Related transfer routes
Send money from New Zealand
Send money to Malaysia
How much money can be transferred from New Zealand to Malaysia?
Are there any tax implications to sending money from New Zealand to Malaysia?
Can I send money from New Zealand to Malaysia with MoneyTransfers.com?
What are the typical transfer fees for sending New Zealand Dollars to Malaysia through various providers?
How long does it take to send money from New Zealand to Malaysia?
What is the best exchange rate I can get for sending money from New Zealand to Malaysia?
Are there any minimum or maximum transfer amounts for sending money from New Zealand to Malaysia?
Can I schedule regular transfers between New Zealand and Malaysia?
Tools & resources
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