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Best GBP to NZD exchange rates today
Use historical data and table to determine the best rate.
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
Refreshing in: 60s | Thu, Oct 24, 04:10AM GMT
Buy New Zealand dollars with British pound
Compare online forex specialists to find the best rate for your exchange.
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. New Zealand has a small economy and is dependent on trade.
When is the best time to buy?
The best time to buy depends on economic and political factors. Since the UK’s Brexit referendum — 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 to NZD exchange rate history
We’ve put together the average exchange rate for the British pound against the New Zealand dollar from the past week.
|Oct 17||Oct 18||Oct 19||Oct 20||Oct 21||Oct 22||Oct 23|
|1 GBP =||2.0247 Inverse: 0.4939||2.0330 Inverse: 0.4919||2.0330 Inverse: 0.4919||2.0212 Inverse: 0.4947||2.0230 Inverse: 0.4943||2.0094 Inverse: 0.4977||2.0123 Inverse: 0.4969|
Average exchange rate over the past 6 months.
|May 25||Jun 19||Jul 14||Aug 08||Sep 02||Sep 27|
|1 GBP =||1.9405 Inverse: 0.5153||1.9310 Inverse: 0.5179||1.8782 Inverse: 0.5324||1.8725 Inverse: 0.5341||1.9138 Inverse: 0.5225||1.9525 Inverse: 0.5122|
Average exchange rate over the past 10 years.
|1 GBP =||2.5983
What affects the GBP to NZD exchange rates?
The five main factors that influence the British pound and New Zealand dollar exchange rate are:
Prices and inflation
Countries with high levels of inflation will see higher currency depreciation when compared to other currencies.
The Bank of England controls the supply of the GBP and promotes its stability to control high levels of inflation.
Confidence and sentiment
Traders rely on public confidence about the economy when evaluating a currency. Whether the public is optimistic or pessimistic about the wealth and resources of the UK can shifting trends in the economy.
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
The balance of payment is made up of three accounts, with only the current account that affects the exchange rate. This account reveals how much a country is exporting and importing, and the flow of income and transfer payments.
Compare providers that offer an exchange rate close to the mid-market rate to get the most for your trade.
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