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    GBP to NZD 2024 Forecasts

    Analysis of recent Sterling → Kiwi forecasts for 2024. We collate forecasts from respected FX analysts together with the latest Pound Sterling to New Zealand dollar performance and trends.

     

    Forecasts for GBP to NZD

     

    Based on recent exchange rate analyst forecasts and currency market updates, the GBP to NZD exchange rate has seen some interesting developments. The pound (GBP) has been wavering amid data lulls and uncertainty regarding a potential interest rate cut from the Bank of England (BoE). Analysts suggest that the pound could face further weakness, with institutions like HSBC expecting the pound to fall to $US1.20 in the second half of the year, and RBC foreseeing sterling falling towards $US1.15. Political uncertainty in the UK, combined with the risk of a stagflationary environment, are cited as negative factors for the pound, potentially impacting its performance against the New Zealand dollar (NZD).

    The New Zealand dollar (NZD) has also been facing challenges, stumbling amidst a lack of fresh economic data and exhibiting sensitivity to market risk dynamics. The NZD's performance has been influenced by factors such as changing global rate expectations, falling commodity prices, and the dovish stance of the Reserve Bank of New Zealand (RBNZ). With expectations of near-term downside pressure on the NZD and a fluctuation between 0.60 and 0.62 against the USD until a clearer path to US rate cuts emerges, the currency may continue to face challenges in the near future. Given recent GBP to NZD price data showing the exchange rate at 90-day highs near 2.1678, FX analysts suggest that despite this relative strength, both currencies face uncertainties and risks that could impact their future performance against each other.

     
    @bestfxrates : Despite recent 90-day highs near 2.1678, the GBP to NZD faces headwinds. Analysts eye BoE rate cuts & UK political woes, weighing on GBP, while NZD grapples with risk dynamics & RBNZ's dovish tone. Market view hints at volatility ahead for both currencies. #Forex #GBPNZD #CurrencyTrends

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    GBP to NZD Market Data

    Pound Sterling (GBP) to New Zealand dollar (NZD) market data - latest interbank exchange rate, trend, chart & historic rates.

     
    1 GBP =
    2.1830We compare provider deals to this wholesale mid-market rate. Read more
    NZD
    +0.4%
    3M
    GBP to NZD is at 90-day highs near 2.1768, 4.0% above its 3-month average of 2.0922, having traded in a quite stable 5.6% range from 2.0612 to 2.1768
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    Compare & Save - Pound Sterling to New Zealand dollar

    Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Pound Sterling (GBP) to New Zealand dollar (NZD) rates from different sources before making a conversion.

    Use our GBP to NZD calculator to see how much you could save on your international money transfers. makes it easy to compare the Total Cost you are being charged on Sterling to Kiwi currency rates and the possible savings of using various providers.

     
    DateGBP/NZDChangePeriod
    10 Jul 2024
    2.1115
    3.1% 2 Week
    25 Apr 2024
    2.0997
    3.7% 3 Month
    25 Jul 2023
    2.0745
    4.9% 1 Year
    26 Jul 2019
    1.8661
    16.7% 5 Year
    27 Jul 2014
    1.9844
    9.7% 10 Year
    29 Jul 2004
    2.8752
    24.3% 20 Year
    GBP/NZD historic rates & change to 24-Jul-2024
     

    Will the Pound Sterling rise against the New Zealand dollar?

    It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

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    Read our Currency guide to New Zealand - a practical currency and money guide to travel, living and doing business in New Zealand with the New Zealand dollar.

     
     

    Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more