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GBP to NZD - Rate Guide

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.

 

GBP/NZD update & alerts

1 GBP = 1.9796 NZD

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GBP to NZD - Trading Range (90 Day)
30-DAY HIGH (1d)
GBP/NZD at 1.9879 is trading 0.5% below the 90-day average 1.9975 with a range 1.9477 to 2.0393. There are no current rate alerts.
23-Jan-2020 16:NY 21:LON 08:SYD+1d

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GBP/NZD Exchange Rates and Providers Compared

This guide to the British Pound Sterling to New Zealand Dollar exchange rate with 90-day chart & alerts, historic rates, forecasts and GBP to NZD comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. If you want to calculate equivalent amounts in foreign currencies or rate margins then use our GBP/NZD Quick Calculator.

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(NZ$)Exchange RateFee GBPTotal CostDeal Links
TorFX logo
NZ$9,753.5
Best Overall
1.950701.67%
OFX logo
NZ$9,839.5
NZ$86 more
1.9679£0^0.8%
WorldFirst logo
NZ$9,869.5
NZ$116 more
1.973900.5%
HSBC logo
NZ$9,558.14
NZ$195 less
1.9145£7.53.64%
Natwest Bank logo
NZ$9,504.9
NZ$249 less
1.9067154.17%
Citibank International Money Transfers
Citibank logo
NZ$9,461.74
NZ$292 less
1.8969124.61%
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo HSBC logo
NZ$9,460
NZ$293 less
1.8977154.62%
Santander International Money Transfers
Santander logo
NZ$9,407.72
NZ$346 less
1.8891205.15%
Lloyds TSB logo
NZ$9,368.87
NZ$385 less
1.8813205.55%
 
TorFX logo
TorFX: Foreign Transfer GBP→NZD
From Amount (GBP)£5,000
Fee:
Exchange Rate:1.9507 (1.67% from mid-rate)
To Amount (NZD) NZ$9,753.5
Total Cost:1.67%
Time:6:01 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
 
OFX logo
OFX: Foreign Transfer GBP→NZD
From Amount (GBP)£5,000
Fee:£0^ - No fees for BestExchangeRates users (normally 7GBP for smaller transfers)
Exchange Rate:1.9679 (0.8% from mid-rate)
To Amount (NZD) NZ$9,839.5
Total Cost:0.8%
Difference:
NZ$86 NZD more than using TorFX
Time:
Rate Fetched: 6:01 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
WorldFirst logo
WorldFirst: Foreign Transfer GBP→NZD
From Amount (GBP)£5,000
Fee:
Exchange Rate:1.9739 (0.5% from mid-rate)
To Amount (NZD) NZ$9,869.5
Total Cost:0.5%
Difference:
NZ$116 NZD more than using TorFX
Time:6:01 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.6/5.0
Reviews:
 
HSBC logo
HSBC: Foreign Transfer GBP→NZD
From Amount (GBP)£5,000
Fee:£7.5 GBP (.15%)
Exchange Rate:1.9145 (3.49% from mid-rate)
To Amount (NZD) NZ$9,558.14
Total Cost:3.64%
Difference:
NZ$195 NZD less than using TorFX
Time:6:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Natwest Bank logo
Natwest Bank: Foreign Transfer GBP→NZD
From Amount (GBP)£5,000
Fee:15
Exchange Rate:1.9067 (3.89% from mid-rate)
To Amount (NZD) NZ$9,504.9
Total Cost:4.17%
Difference:
NZ$249 NZD less than using TorFX
Time:6:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Citibank logo
Citibank: Foreign Transfer GBP→NZD
From Amount (GBP)£5,000
Fee:12
Exchange Rate:1.8969 (4.38% from mid-rate)
To Amount (NZD) NZ$9,461.74
Total Cost:4.61%
Difference:
NZ$292 NZD less than using TorFX
Time:6:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer GBP→NZD
From Amount (GBP)£5,000
Fee:15
Exchange Rate:1.8832 (5.07% from mid-rate)
To Amount (NZD) NZ$9,460
Total Cost:4.62%
Difference:
NZ$293 NZD less than using TorFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
Santander logo
Santander: Foreign Transfer GBP→NZD
From Amount (GBP)£5,000
Fee:20
Exchange Rate:1.8891 (4.77% from mid-rate)
To Amount (NZD) NZ$9,407.72
Total Cost:5.15%
Difference:
NZ$346 NZD less than using TorFX
Time:6:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2/5.0
Reviews:
 
Lloyds TSB logo
Lloyds TSB: Foreign Transfer GBP→NZD
From Amount (GBP)£5,000
Fee:20
Exchange Rate:1.8813 (5.17% from mid-rate)
To Amount (NZD) NZ$9,368.87
Total Cost:5.55%
Difference:
NZ$385 NZD less than using TorFX
Time:6:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 01/24/2020 - 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.


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)

In the post UK election euphoria the pound rose to over 1.33 USD and 1.20 EUR but has since dropped back over the uncertainty of what sort of trade deal the UK can realistically negotiate with Europe over the next 11 months.

GBP has given up all of those election result gains as Mr Johnson pledged to outlaw any extension to the UK’s post-Brexit transition period at the end of next year. It appears the Brexit volatility in the pound is set to continue for the foreseable future.

For GBP forecasts and predictions read our British Pound Forecasts summary.

Read more in the article GBP Forecasts.

 

New Zealand Dollar (NZD)

The threat of proxy war between the US and Iran in Iraq has pared back some of the gains the Kiwi had made coming into the New Year.

In December the New Zealand dollar has climbed back to US$0.66 it's highest value since July.

Against the Australian dollar, jumped to A$0.96 after being as low as A$0.92 in early November before starting a strong recovery upto current levels above A$0.95.

Robbing New Zealand's currency of better gains in 2019 have been 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.

For more details read the full article NZ dollar news and forecasts.

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