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Compare GBP to NZD travel money rates

Find the best currency exchange rates (British Pound Sterling to New Zealand Dollar cash)

This travel money calculator compares currency exchange rates for buying New Zealand Dollar foreign cash or purchases and withdrawals made with travel cards. Alternatively, you can compare GBP to NZD foreign transfer exchange rates or use our quick and easy GBP to NZD currency converter instead. We also help you save on your hotel costs - Search New Zealand hotel deals.

Currency news and forecasts for British Pound Sterling and New Zealand Dollar

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.

British Pound Sterling (GBP) - Market news and forecasts

10-December-18: UK politics was in a state of disarray in December and a no-deal Brexit was looking ever more likely. As a result, sterling struck a 20-month low against the dollar ($1.251) and a 3-1/2-month low against the euro (€1.1). Against each of its peers, sterling had been worth 17 percent more prior to the UK’s EU referendum in June 2016.

The Bank of England has predicted a shocking 25 percent loss in the pound’s value in the event of a “disorderly” no-deal Brexit, under which there will be serious border delays and a marked loss of confidence in Britain’s financial institutions.

In the more likely event of a milder, “disruptive” no-deal Brexit, under which goods face tariffs but flow somewhat easily, sterling still loses 15 percent, the BoE believes.

How likely is no-deal? It’s highly likely unless Prime Minister May achieves a time-limited backstop; British MPs will not accept much else. This will be difficult for May to achieve — EU negotiators have already said that their previous offer was the last and only offer — and little time remains, with Brexit scheduled for March-29.

New Zealand Dollar (NZD) - Market news and forecasts

In the weeks leading up to this report (15-Nov-18), the New Zealand dollar was among the best performing global currencies, helped by easing trade tensions between the US and China.

At 68.4 US cents, it remained down 8 percent on 2018 highs. The kiwi struck a 2-1/2-year low in October of just 64.25 cents. After falling to 55.77 euro cents, NZD recovered by the time of this report to buy 60 euro cents — a 10-month high.

Inaction on interest rates from the RBNZ has lended itself to lower NZD exchange rates throughout 2018 but this will likely change in the coming year. The inevitability of higher New Zealand interest rates should become a central narrative in mid-2019. Higher interest rates would add strong support to the kiwi, certainly relative to the currencies of the US, which has already normalized policy a great deal, and of Europe and the UK — these being areas that are likely to see lower interest rates for longer due to uncertainties surrounding Brexit.

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