GBP/NZD is at 2.3188, slightly above its 3-month avg, amid UK growth woes and fiscal concerns. Experts warn of potential BoE rate cuts by Dec due to lackluster GDP growth. Meanwhile, the NZD faces challenges despite a recent RBNZ rate cut. Businesses should consider hedging strategies

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What is the best Send Money conversion rate for GBP to NZD?

The best GBP to NZD exchange rate is 2.3162 from Wise. This is -0.43% compared to the mid-market rate 2.3262.

As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare British pound (GBP) to New Zealand dollar (NZD) rates from different sources before making a conversion.

The above Sterling to Kiwi comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by banks and other foreign exchange providers against the latest GBP-NZD mid-rate and the possible savings of using various providers. 

How do GBP-NZD rates compare between providers?

Looking at the full GBP to NZD - Send Money comparison table the provider with the best GBP to NZD exchange rate is Wise at 2.3162, -0.43% from the latest mid-market rate 2.3262.

The next best is OFX at 2.3146, -0.5% from the mid-rate.

Then XE at 2.3122, which is -0.6% from the mid-rate.

The Western Union rate is 2.3029 which is -1% from the mid-rate.

Among the banks the Lloyds Bank rate is 2.2017 at -5.4% the Royal Bank of Scotland rate is 2.2157 at -4.8% and the Barclays Bank rate is 2.2211 at -4.5% compared to the mid-rate 2.3262.

It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.