I want to send money to Malaysia. The international payment have two options: NZD and USD. What’s the difference and which one should I be using? If I choose USD does it mean there’ll be two conversions - once from NZD to USD, then from USD to MYR at the recipient bank? If that’s the case why would I ever choose this option?
I assume both would convert at the recipient bank based on the recipient bank’s exchange rate?