Live GBP > NZD exchange rates August 2018 |
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Best GBP > NZD exchange rates as of Aug 17, 2018

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Find the best exchange rate when converting your British pounds to New Zealand dollars.

If you’re a forex investor or simply looking to trade British pounds for the New Zealand dollar, get the most for your money with a strong exchange rate.

Today’s mid-market rate

The mid-market British pound–to–New Zealand dollar exchange rate is 1 GBP = 1.76 NZD. (Rate accurate as of March 9, 2017.)

Get the best rate for your GBP > NZD exchange

We’ve gathered today’s best rates to inform your forex decisions when trading British pounds for New Zealand dollars.

Refreshing in: 60s | Fri, 17 Aug 07:14am GMT
1 USD = 1.0000 1.3758 Inverse: 0.7268 1.3146 Inverse: 0.7607 0.878253 Inverse: 1.1386 6.8900 Inverse: 0.1451 0.785778 Inverse: 1.2726 70.045 Inverse: 0.0143 18.9785 Inverse: 0.0527 53.3965 Inverse: 0.0187
1 AUD = 0.7268 Inverse: 1.3758 1.0000 0.9555 Inverse: 1.0465 0.6384 Inverse: 1.5665 5.0080 Inverse: 0.1997 0.5711 Inverse: 1.7509 50.9121 Inverse: 0.0196 13.7945 Inverse: 0.0725 38.8112 Inverse: 0.0258
1 EUR = 1.1386 Inverse: 0.8783 1.5665 Inverse: 0.6384 1.4969 Inverse: 0.6681 1.0000 7.8451 Inverse: 0.1275 0.894705 Inverse: 1.1177 79.754911 Inverse: 0.0125 21.6093 Inverse: 0.0463 60.7985 Inverse: 0.0164
1 GBP = 1.2726 Inverse: 0.7858 1.7509 Inverse: 0.5711 1.6730 Inverse: 0.5977 1.1177 Inverse: 0.8947 8.7684 Inverse: 0.1140 1.0000 89.140981 Inverse: 0.0112 24.1525 Inverse: 0.0414 67.9537 Inverse: 0.0147

How does the British pound trade against the New Zealand dollar historically?

The strong historical ties between the UK and New Zealand have made the pound and Kiwi dollar fairly equal in worth, with the pound slightly stronger.

The New Zealand dollar was introduced to the forex market in 1967 to replace the New Zealand pound. While the pound most closely connects to the Eurozone, the Kiwi dollars more closely connects to Australian and Asian economies. Unlike the UK, New Zealand is also a small and relatively dependent economy.

During its time of trading against each other, the NZD has occasionally profited through agriculture prices, but the best opportunities have been through instabilities in either the pound or the Kiwi dollar during periods of heavy inflation.

The effects of Brexit

Since the Brexit referendum — or Britain’s proposed exit from the EU — in June 2016, the British pound has declined against several currencies, including the New Zealand dollar. From June 2016 to July 2016, the GBP to NZD exchange rate declined from 2.02623 to 1.84068 per pound. Since then, it has declined even further to 1.7.

Though the British pound is historically stronger than the New Zealand dollar, Brexit could lead to a weaker pound as the British economy remains volatile.

GBP > NZD exchange rate history

We’ve put together the annual average exchange rate for the British pound against the New Zealand dollar from 2007 to 2016.

Year GBP = NZD
2016 1.950343
2015 2.194078
2014 1.984974
2013 1.908724
2012 1.95673
2011 2.028974
2010 2.143455
2009 2.485331
2008 2.605228
2007 2.722479

Here’s the monthly average exchange rate for the British pound against the New Zealand dollar over the past 12 months.

Month GBP = NZD
Feb. 2017 1.72744
Jan. 2017 1.735052
Dec. 2016 1.775939
Nov. 2016 1.744357
Oct. 2016 1.727438
Sept. 2016 1.801098
Aug.2016 1.81212
July 2016 1.840681
June 2016 2.02623
May 2016 2.135
April 2016 2.076808
March 2016 2.114954

What affects the GBP > NZD exchange rates?

Plenty of factors influence the British pound and New Zealand dollar exchange rate. However, five main factors affect how the British pound trades against all currency.

Prices and inflation

Like with all currencies, countries with high levels of inflation will see higher currency depreciation when compared to other currencies.

Monetary policy

The Bank of England controls the supply of the GBP and promotes its stability to control high levels of inflation.

Confidence and sentiment

When evaluating a currency, traders rely on public confidence about the economy. Whether the public is optimistic or pessimistic about the wealth and resources of the UK can shifting trends in the economy.

Economic growth

The UK’s economic activity is measured by its gross domestic product (GDP), which includes the preliminary GDP, the revised GDP and the final GDP.

Balance of payments

Even though the balance of payment is made up of three accounts, the only one that affects the exchange rate is the current account. The current account reveals how much a country is exporting and importing, and the flow of income and transfer payments.

Compare today’s rates from providers who can send GBP to NZD

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Bottom line

When exchanging British pounds for New Zealand dollars, find a provider that offers two-sided quotes to understand the spread they charge. If they show you only the buy or sell rate — but not both — consider looking elsewhere. Ultimately, the closer you can get to the mid-market rate, the better the deal.

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