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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 = 2.0006 NZD

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GBP to NZD - Trading Range (90 Day)
30-DAY LOW (4d)
90-DAY TREND: At 1.9999 GBP/NZD is trading 0.6% above the average 1.9877 with a range 1.907 to 2.0393. There are no current alerts.
Update: 06-Dec 16:01-EST 21:01-GMT 08:01-AEDT(+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
OFX logo
NZ$9,923
Best Overall
1.9846£0^0.8%
TorFX logo
NZ$9,798
NZ$125 less
1.959602.05%
WorldFirst logo
NZ$9,953
NZ$30 more
1.990600.5%
HSBC logo
NZ$9,601.58
NZ$321 less
1.9232£7.54.01%
Natwest Bank logo
NZ$9,548.27
NZ$375 less
1.9154154.55%
Citibank International Money Transfers
Citibank logo
NZ$9,505.13
NZ$418 less
1.9056124.98%
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo HSBC logo
NZ$9,503
NZ$420 less
1.9063155%
Santander International Money Transfers
Santander logo
NZ$9,450.55
NZ$472 less
1.8977205.52%
Lloyds TSB logo
NZ$9,411.2
NZ$512 less
1.8898205.92%
 

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:1.9846 (0.8% from mid-rate)
To Amount (NZD) NZ$9,923
Total Cost:0.8%
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:
 

TorFX logo

TorFX: Foreign Transfer GBP→NZD
From Amount (GBP)£5,000
Fee:
Exchange Rate:1.9596 (2.05% from mid-rate)
To Amount (NZD) NZ$9,798
Total Cost:2.05%
Difference:
NZ$125 NZD less than using OFX
Time:6:01 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
 

WorldFirst logo

WorldFirst: Foreign Transfer GBP→NZD
From Amount (GBP)£5,000
Fee:
Exchange Rate:1.9906 (0.5% from mid-rate)
To Amount (NZD) NZ$9,953
Total Cost:0.5%
Difference:
NZ$30 NZD more than using OFX
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:1.9232 (3.87% from mid-rate)
To Amount (NZD) NZ$9,601.58
Total Cost:4.01%
Difference:
NZ$321 NZD less than using OFX
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:1.9154 (4.26% from mid-rate)
To Amount (NZD) NZ$9,548.27
Total Cost:4.55%
Difference:
NZ$375 NZD less than using OFX
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:1.9056 (4.75% from mid-rate)
To Amount (NZD) NZ$9,505.13
Total Cost:4.98%
Difference:
NZ$418 NZD less than using OFX
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:1.8918 (5.44% from mid-rate)
To Amount (NZD) NZ$9,503
Total Cost:5%
Difference:
NZ$420 NZD less than using OFX
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:1.8977 (5.14% from mid-rate)
To Amount (NZD) NZ$9,450.55
Total Cost:5.52%
Difference:
NZ$472 NZD less than using OFX
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:1.8898 (5.54% from mid-rate)
To Amount (NZD) NZ$9,411.2
Total Cost:5.92%
Difference:
NZ$512 NZD less than using OFX
Time:6:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 12/07/2019 - 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(NZ$)Exchange RateFee GBPTotal CostDeal Links
Post Office Money Foreign Currency
Post Office Money logo
NZ$1,917.1
Best Overall
1.917104.17%
Citibank Foreign Currency
Citibank logo
NZ$1,882.58
NZ$35 less
1.9016£105.9%
Travelex Online UK logo
NZ$1,868
NZ$49 less
1.868£0^6.63%
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo
NZ$1,866
NZ$51 less
1.8871£106.73%
Lloyds TSB logo
NZ$1,863.48
NZ$54 less
1.8823£106.85%
Santander Foreign Currency
Santander logo
NZ$1,863.48
NZ$54 less
1.8823£106.85%
Natwest Bank logo
NZ$1,854.07
NZ$63 less
1.8823£157.32%
 

Post Office Money logo

Post Office Money: Travel Money GBP→NZD
From Amount (GBP)£1,000
Fee:0
Exchange Rate:1.9171 (4.17% from mid-rate)
To Amount (NZD) NZ$1,917.1
Total Cost:4.17%
Time:6:01 Local
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
: /5.0
Reviews:
 

Citibank logo

Citibank: Travel Money GBP→NZD
From Amount (GBP)£1,000
Fee:£10 GBP (1%)
Exchange Rate:1.9016 (4.95% from mid-rate)
To Amount (NZD) NZ$1,882.58
Total Cost:5.9%
Time:6:01 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Travelex Online UK logo

Travelex Online UK: Travel Money GBP→NZD
From Amount (GBP)£1,000
Fee:£0 - No fees for Debit & Credit Cards
Exchange Rate:1.868 (6.63% from mid-rate)
To Amount (NZD) NZ$1,868
Total Cost:6.63%
Time:
Rate Fetched: Sat Dec 07 2019 06:00:04 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 

Banks - Average Rate

Travel Money GBP→NZD
From Amount (GBP)£1,000
Fee:£10 GBP (1%)
Exchange Rate:1.8823 (5.91% from mid-rate)
To Amount (NZD) NZ$1,866
Total Cost:6.73%
Currency Services:Branch
Delivery/Collect:-
 

Lloyds TSB logo

Lloyds TSB: Travel Money GBP→NZD
From Amount (GBP)£1,000
Fee:£10 GBP (1%)
Exchange Rate:1.8823 (5.91% from mid-rate)
To Amount (NZD) NZ$1,863.48
Total Cost:6.85%
Time:6:01 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 

Santander logo

Santander: Travel Money GBP→NZD
From Amount (GBP)£1,000
Fee:£10 GBP (1%)
Exchange Rate:1.8823 (5.91% from mid-rate)
To Amount (NZD) NZ$1,863.48
Total Cost:6.85%
Time:6:01 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 2/5.0
Reviews:
 

Natwest Bank logo

Natwest Bank: Travel Money GBP→NZD
From Amount (GBP)£1,000
Fee:£15 GBP (Minimum fee)
Exchange Rate:1.8823 (5.91% from mid-rate)
To Amount (NZD) NZ$1,854.07
Total Cost:7.32%
Time:6:01 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 12/07/2019 - See full table

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)

Sterling has climbed more than 5 per cent in October since Boris Johnson announced a new Brexit agreement with Brussels that has reduced the possibility of the UK crashing out of the EU without a deal. Pound valuations will continue to fluctuate based on Brexit No-deal, Deal and Remain probabilities. Currency strategists predict that gains in the pound would remain limited for now while parties prepared their election campaigns.

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.

Earlier in the year the pound was the worst-performing major currency by some margin. 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.

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