This is the current GBP-NZD mid-market exchange rate. The Total Cost of buying foreign currency in the above table is calculated as the sum of all fees and the exchange rate margin, which is the difference between the provider's exchange rate and the mid-market GBP-NZD exchange rate.
Whenever you are researching a particular exchange rate you are actually interested in two currencies as the value of a currency must always be quoted relative to a second currency.
So it follows that if you are determining the best time to transact, in this case the GBP vs NZD, you should pay attention to both British Pound Sterling and New Zealand Dollar news and forecasts.
20-February-19: Given Brexit uncertainties, 2018 wasn’t too bad of a year for the pound. Although it lost 7.5 percent of its value against the US dollar, it only lost 1.9 percent against the euro and gained nearly 3 percent against the Australian dollar.
In early 2019, the pound has been resilient, having gained several percent against most of the other G10 currencies despite UK politics being in a state of disarray and with all Brexit options still on the table. Sterling remains well down when compared with its recent history though: at the time of writing, against the US dollar it was 12 percent lower than levels prior to the UK’s EU referendum in June 2016.
Pound forecasts are futile given uncertainties over Brexit but estimates can be made for different outcomes. Currency analysts at HSBC said in February that sterling would be valued at levels near US$1.10 in the event of no-deal, near US$1.45 with a deal and at US$1.55 should Article 50 be revoked and Brexit cancelled. GBP/USD was quoted at US$1.305 at the time of this report.
28-January-19: The New Zealand dollar has begun 2019 well, with small gains against the US dollar ($0.683) and euro (€0.598). The kiwi remains, however, at relatively low levels by the standards of recent years: in percentage terms, it remains down double digits from 2017 highs relative to USD and EUR.
Several months ago, a good portion of analysts agreed that the kiwi was heading higher in 2019 but, as with the Australian dollar, things have changed. In recent months, investors have become increasingly certain that interest rates in New Zealand will stay at a record low of 1.75 percent for a prolonged period. Inaction on interest rates will force capital away from New Zealand and towards countries where rates are higher or are expected to increase.
Those with a need to consider seriously the future value (6-12 months) of New Zealand’s currency should not underestimate how highly correlated it is with the Australian dollar. Though they flex somewhat against each other, against other major currencies, the Antipodes usually move hand in hand. With that said, readers should be worried about a flurry of grim AUD forecasts coming in early 2019. Among such forecasts was that by a BNP Paribas analyst, who predicted that AUD would get “absolutely crucified,” and that by Capital Economics, which predicted a 16 percent AUD decline.
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