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GBP/NZD - Convert Compare Save

British Pound Sterling to New Zealand Dollar exchange rates aren't all the same.

The total cost you are charged by your bank or foreign exchange provider consists of a margin from the interbank mid-rate plus fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

This resource page for the British Pound Sterling to New Zealand Dollar exchange rate, has news, forecasts and GBP to NZD comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. You can also check an exchange rate margin with our Exchange Rate Checker.

GBP/NZD Exchange Rates - How to Compare & Save

Exchange rates can vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for GBP/NZD International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
Foreign Transfer ProvidersReceive NZD($)Exchange RateFee GBPTotal CostDeal Links
OFX logo
9,176.5 NZD
Best Overall
1.8353£0^0.8%
HSBC logo
8,898.13 NZD
278 NZD
1.7823£7.53.81%
Natwest Bank logo
8,848.38 NZD
328 NZD
1.775154.35%
Citibank International Money Transfers
Citibank logo
8,808.31 NZD
368 NZD
1.7659124.78%
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo HSBC logo
8,807 NZD
369 NZD
1.7666154.8%
Santander International Money Transfers
Santander logo
8,757.83 NZD
419 NZD
1.7586205.33%
Lloyds TSB logo
8,721.47 NZD
455 NZD
1.7513205.72%
 
OFX: Foreign Transfer GBP→NZD
GBP amount:£5,000 GBP
Fee:£0^ - No fees for BestExchangeRates users (normally 7GBP for smaller transfers)
Exchange Rate:1.8353 (0.8% from mid-rate)
NZD amount:9,176.5 NZD
Total Cost:0.8%
Time:
Rate Fetched: 0:20 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

HSBC logoHSBC

HSBC: Foreign Transfer GBP→NZD
GBP amount:£5,000 GBP
Fee:£7.5 GBP (.15%)
Exchange Rate:1.7823 (3.66% from mid-rate)
NZD amount:8,898.13 NZD
Total Cost:3.81%
Difference:
278 NZD less than using OFX
Time:0:20 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Natwest Bank logoNatwest Bank

Natwest Bank: Foreign Transfer GBP→NZD
GBP amount:£5,000 GBP
Fee:15
Exchange Rate:1.7750 (4.06% from mid-rate)
NZD amount:8,848.38 NZD
Total Cost:4.35%
Difference:
328 NZD less than using OFX
Time:0:20 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 

Citibank logoCitibank

Citibank: Foreign Transfer GBP→NZD
GBP amount:£5,000 GBP
Fee:12
Exchange Rate:1.7659 (4.55% from mid-rate)
NZD amount:8,808.31 NZD
Total Cost:4.78%
Difference:
368 NZD less than using OFX
Time:0:20 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer GBP→NZD
GBP amount:£5,000 GBP
Fee:15
Exchange Rate:1.7531 (5.24% from mid-rate)
NZD amount:8,807 NZD
Total Cost:4.8%
Difference:
369 NZD less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

Santander logoSantander

Santander: Foreign Transfer GBP→NZD
GBP amount:£5,000 GBP
Fee:20
Exchange Rate:1.7586 (4.95% from mid-rate)
NZD amount:8,757.83 NZD
Total Cost:5.33%
Difference:
419 NZD less than using OFX
Time:0:20 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2/5.0
Reviews:
 

Lloyds TSB logoLloyds TSB

Lloyds TSB: Foreign Transfer GBP→NZD
GBP amount:£5,000 GBP
Fee:20
Exchange Rate:1.7513 (5.34% from mid-rate)
NZD amount:8,721.47 NZD
Total Cost:5.72%
Difference:
455 NZD less than using OFX
Time:0:20 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 07/23/2019 - See full table

Example of the margins and possible savings when you order travel money online with a currency specialist rather than in-person from banks and currency kiosks.

Travel Money ProvidersAmount NZD($)Exchange RateFee GBPTotal CostDeal Links
Citibank Foreign Currency
Citibank logo
1,741.01 NZD
Compare
1.7586£105.9%
Travelex Online UK logo
1,726.1 NZD
15 NZD
1.7261£0^6.7%
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo
1,726 NZD
15 NZD
1.7452£106.73%
Lloyds TSB logo
1,723.29 NZD
18 NZD
1.7407£106.85%
Santander Foreign Currency
Santander logo
1,723.29 NZD
18 NZD
1.7407£106.85%
Natwest Bank logo
1,714.59 NZD
26 NZD
1.7407£157.32%
 

Citibank logoCitibank

Citibank: Travel Money GBP→NZD
GBP amount:£1,000 GBP
Fee:£10 GBP (1%)
Exchange Rate:1.7586 (4.95% from mid-rate)
NZD amount:1,741.01 NZD
Total Cost:5.9%
Time:0:20 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
Travelex Online UK: Travel Money GBP→NZD
GBP amount:£1,000 GBP
Fee:£0 - No fees for Debit & Credit Cards
Exchange Rate:1.7261 (6.7% from mid-rate)
NZD amount:1,726.1 NZD
Total Cost:6.7%
Time:
Rate Fetched: Mon Jul 22 2019 22:30:04 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 

Banks - Average Rate

Travel Money GBP→NZD
GBP amount:£1,000 GBP
Fee:£10 GBP (1%)
Exchange Rate:1.7407 (5.91% from mid-rate)
NZD amount:1,726 NZD
Total Cost:6.73%
Currency Services:Branch
Delivery/Collect:-
 

Lloyds TSB logoLloyds TSB

Lloyds TSB: Travel Money GBP→NZD
GBP amount:£1,000 GBP
Fee:£10 GBP (1%)
Exchange Rate:1.7407 (5.91% from mid-rate)
NZD amount:1,723.29 NZD
Total Cost:6.85%
Time:0:20 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 

Santander logoSantander

Santander: Travel Money GBP→NZD
GBP amount:£1,000 GBP
Fee:£10 GBP (1%)
Exchange Rate:1.7407 (5.91% from mid-rate)
NZD amount:1,723.29 NZD
Total Cost:6.85%
Time:0:20 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 2/5.0
Reviews:
 

Natwest Bank logoNatwest Bank

Natwest Bank: Travel Money GBP→NZD
GBP amount:£1,000 GBP
Fee:£15 GBP (Minimum fee)
Exchange Rate:1.7407 (5.91% from mid-rate)
NZD amount:1,714.59 NZD
Total Cost:7.32%
Time:0:20 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 07/23/2019 - See full table

GBP to NZD interbank exchange rate = 1.8508

 
 

Exchange Rate Checker

If you have been offered/charged an exchange rate then enter it below to check the true cost to the latest interbank mid-rate.

 
   

Compare savings on GBP/NZD exchange rates

Foreign Transfers Travel Money

Foreign Transfers Travel Money

   

GBP and NZD in the Markets

When determining the best time to make a foreign exchange transaction, in this case the GBP vs NZD, you should pay attention to the recent market trends for both currencies.

 

British Pound Sterling (GBP)

By some margin, the pound was the worst-performing major currency in the second quarter. It slipped in late June to multi-month lows against a number of important currencies, including the Australian dollar, New Zealand dollar, euro, Canadian dollar and Swiss franc.

Pound valuations will continue to fluctuate based on No-deal, Deal and Remain probabilities. No-deal prospects may increase if, as is widely expected, ardent Brexiteer Boris Johnson becomes the UK’s next prime minister. However, some banks argue that Johnson’s appointment would make little difference to no-deal or remain probabilities.

The pound is unlikely to receive much in the way of meaningful respite until November, analysts say, when hopefully the UK-EU Brexit arrangement, or lack thereof, is known (Boris Johnson insists that the UK will not seek any further Article 50 extensions beyond the October-31 deadline).

The pound would be doing far worse if it weren't receiving some support from the Bank of England which, surprisingly, is the only major central bank still considering higher interest rates in 2019.

Read more in the article GBP Forecasts.

 

New Zealand Dollar (NZD)

The New Zealand dollar weakened in June to a 7-month low against the euro, at rates below €0.58.

At US$0.65, the kiwi remained weak against the greenback, 6 percent lower than rates in March.

Against the Australian dollar, NZD has been steady in recent months, having spent much of its time between A$0.94 and A$0.95.

Robbing New Zealand's currency of gains in 2019 have been lower NZ interest rates, reduced risk appetite spurred on by an escalation in the US-China trade standoff, and high correlations with other weak currencies, including the Australian dollar and yuan.

Read more in the article NZD Forecasts.

Why can't I just get the GBP/NZD market rate I see online or in the media?

The mid-rate is the rate you will see quoted online or the news. It is actually just the half-way point (hence mid-rate) between the last rate at which the GBP / NZD was traded (bought or sold) in the international markets.

All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate). Some providers such as Transferwise will quote you the mid-rate (or close to) and charge a separate percentage fee.

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 foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

We help you Compare & Save Money on Exchange Rates.

 

View all GBP Exchange Rates