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.
|1 USD =||1.0000||1.4096 Inverse: 0.7094||1.3109 Inverse: 0.7628||0.869633 Inverse: 1.1499||6.9296 Inverse: 0.1443||0.766061 Inverse: 1.3054||73.474694 Inverse: 0.0136||19.3028 Inverse: 0.0518||53.782237 Inverse: 0.0186|
|1 AUD =||0.7094 Inverse: 1.4096||1.0000||0.9300 Inverse: 1.0753||0.6169 Inverse: 1.6209||4.9160 Inverse: 0.2034||0.5435 Inverse: 1.8401||52.1245 Inverse: 0.0192||13.6938 Inverse: 0.0730||38.1542 Inverse: 0.0262|
|1 EUR =||1.1499 Inverse: 0.8696||1.6209 Inverse: 0.6169||1.5074 Inverse: 0.6634||1.0000||7.9684 Inverse: 0.1255||0.880902 Inverse: 1.1352||84.489288 Inverse: 0.0118||22.1965 Inverse: 0.0451||61.8447 Inverse: 0.0162|
|1 GBP =||1.3054 Inverse: 0.7661||1.8401 Inverse: 0.5435||1.7112 Inverse: 0.5844||1.1352 Inverse: 0.8809||9.0457 Inverse: 0.1105||1.0000||95.912267 Inverse: 0.0104||25.1974 Inverse: 0.0397||70.2062 Inverse: 0.0142|
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|
Here’s the monthly average exchange rate for the British pound against the New Zealand dollar over the past 12 months.
|Month||GBP = NZD|
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.
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.
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 GBP exchange rates to more currencies
|GBP exchange rates|
|GBP > AUD||GBP > BRL||GBP > CAD|
|GBP > EUR||GBP > INR||GBP > USD|
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.