Live GBP > NZD exchange rates June 2018 | finder.com
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Best GBP > NZD exchange rates as of Jun 22, 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, 22 Jun 01:27pm GMT
USD AUD CAD EUR CNY GBP INR MXN PHP
1 USD = 1.0000 1.3441 Inverse: 0.7440 1.3320 Inverse: 0.7508 0.857379 Inverse: 1.1663 6.4987 Inverse: 0.1539 0.752188 Inverse: 1.3295 67.801 Inverse: 0.0147 20.1750 Inverse: 0.0496 53.2175 Inverse: 0.0188
1 AUD = 0.7440 Inverse: 1.3441 1.0000 0.9910 Inverse: 1.0091 0.6379 Inverse: 1.5677 4.8349 Inverse: 0.2068 0.5596 Inverse: 1.7869 50.4430 Inverse: 0.0198 15.0099 Inverse: 0.0666 39.5931 Inverse: 0.0253
1 EUR = 1.1663 Inverse: 0.8574 1.5677 Inverse: 0.6379 1.5535 Inverse: 0.6437 1.0000 7.5797 Inverse: 0.1319 0.877311 Inverse: 1.1398 79.079357 Inverse: 0.0126 23.5310 Inverse: 0.0425 62.0700 Inverse: 0.0161
1 GBP = 1.3295 Inverse: 0.7522 1.7869 Inverse: 0.5596 1.7708 Inverse: 0.5647 1.1398 Inverse: 0.8773 8.6397 Inverse: 0.1157 1.0000 90.138378 Inverse: 0.0111 26.8217 Inverse: 0.0373 70.7503 Inverse: 0.0141

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.

YearGBP = NZD
20161.950343
20152.194078
20141.984974
20131.908724
20121.95673
20112.028974
20102.143455
20092.485331
20082.605228
20072.722479

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

MonthGBP = NZD
Feb. 20171.72744
Jan. 20171.735052
Dec. 20161.775939
Nov. 20161.744357
Oct. 20161.727438
Sept. 20161.801098
Aug.20161.81212
July 20161.840681
June 20162.02623
May 20162.135
April 20162.076808
March 20162.114954

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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USD 100 3 - 5 days GBP 0.00 1.918 NZD 9,591 Transfer money into 20 currencies and schedule regular payments. $5 fee waived for transfers over $5,000. Go to site Show details
USD 1,000 1 day GBP 0.00 1.907 NZD 9,534 Exclusive exchange rate discounts
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Compare GBP exchange rates to more currencies

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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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