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Best NZD to GBP Exchange Rate


There are two main numbers that you need to understand if you are to have any chance of getting the best possible NZD to GBP rate, these are the foreign exchange market rate and the transaction margin you will be charged by your bank or foreign exchange provider.


1 New Zealand Dollar equals
British Pound Sterling 1=


Right now the NZD to GBP rate is but will most likely be quite different by the time you make you currency exchange. You can calculate with the current mid-rate using our NZD to GBP calculator below.

Getting a good market rate is mainly about timing however the transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

Our real-time comparison calculators make shopping around easy and help you calculate how much you can save.



Why can't I just get the same NZD/GBP market rate I see on Google or in the Media?

When you look up the current New Zealand Dollar to British Pound Sterling exchange rate on the web the figure you find quoted on sites like google or mentioned on TV is is commonly referred to as the mid-market rate.

NZD to GBP mid-rate on google

NZD to GBP mid-rate on google search

Getting a great mid-market rate is all about timing, so unless you are able to wait, watch and time the market this is largely beyond your control. This mid-market rate will go up and down with varying amounts of volatility depending on the currency pair.

This mid-market rate is really only a reference and is just the starting point for calculating the actual rate you will get for your transaction, luckily we can also use this same rate to determine how good a deal a rate that a provider offers you actually is!

You can use the below NZD to GBP converter to calculate currency amounts using the latest mid-market exchange rates. Then choose your transaction type for specific New Zealand Dollar cross rates and reviews of leading foreign exchange providers versus the Banks.

NZD to GBP calculator

$
£
1 NZD equals
GBP 1NZD=GBP

Loading NZD/GBP Chart

New Zealand Dollar - Recent Performance

On October 19th, NZD tumbled in value following the news that New Zealand would be led by a Labour government for the first time in nine years, with Jacinda Ardern at the helm.

All had hung on the New Zealand First party’s decision of who to support (the Nationals or Labour) in a coalition following an inconclusive outcome to September’s general election.

After NZ First sided with Labour, NZD fell to a five-month low against USD of 0.697, and to eighteen-month and twenty-month lows against AUD and EUR of 0.889 and 0.589 respectively.

Investors typically dislike political change if deemed unnecessary and so October’s news didn’t sit well.

Furthermore, due to its policies, the mere involvement of NZ First in any coalition displeases investors. The party campaigns on restricting immigration and foreign investment and would like to alter the mandate of the RBNZ to focus less on inflation and more on foreign exchange markets. With that said, New Zealand's currency might have been more resolute had Labour won power via an elected majority.

After the surprising election outcome, it’s unlikely that ABN Amro will be sticking to its forecast for NZD/USD to rise to 0.82 in 2018. The bank predicted as much in September, citing “strong conviction” on future USD weakness, future commodity price rises and potential RBNZ rate hikes as its reasons.

British Pound Sterling - Recent Performance

Between mid-September and mid-October, sterling fell 3.5% against the dollar to $1.319, taking “cable” back to levels experienced in the three-month period following 2016’s EU referendum.

Against the euro, within the same period, sterling fell by 1.3% to €1.121 but it remains within the middle third of its 2017 range.

In mid-October, opinions on the British currency were mixed. Although Bank of England hawkishness meant that 75% of economists were predicting a November interest rate hike, which would normally be sterling-supportive, a “no deal” Brexit was looking increasingly possible and that prompted some pretty gloomy predictions.

In a “no deal” scenario, both ING and J.P. Morgan predicted that the pound would lose 13% of its value against the dollar by falling to $1.15.

Other negative news for the UK came in October with the ONS’ surprise downward revision to the UK’s wealth by some £490 billion! Ratings agencies had already been downbeat on the UK’s finances. In September, Moody’s downgraded the UK’s credit rating from Aa1 to Aa2 on the grounds that “fiscal pressures will be exacerbated by [the UK’s] departure from the EU.”

On a more positive note, in September, HSBC cancelled its forecast for the pound to fall to parity with the euro. HSBC’s revised year-end forecasts now place GBP/EUR at €1.12 and GBP/USD at $1.35.

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