The comparison table above helps you see the total cost of your currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
GBP to NZD Market Data
British pound (GBP) to New Zealand dollar (NZD) market data - latest interbank exchange rate, trend, chart & historic rates.
Is the GBP to NZD Exchange Rate Likely to Improve?
Predicting exchange rate movements is always challenging, as they’re influenced by a wide range of economic and geopolitical factors. One useful way to assess the current value of the British pound against the New Zealand dollar is to review how the GBP/NZD rate has changed over time.
The table below shows the percentage change in the GBP to NZD exchange rate across various timeframes—from the past 2 weeks to the last 20 years:
The recent forecasts for the GBP to NZD exchange rate indicate a complex interaction between monetary policy decisions and economic indicators from both the UK and New Zealand.
Recent analyses indicate a bearish sentiment towards the US dollar (USD), primarily influenced by expectations of aggressive monetary easing by the Federal Reserve.
Current market bias: Bullish
Key drivers:
- Interest rate differential: The Bank of England’s cautious approach to rate cuts supports the pound, while the Reserve Bank of New Zealand is anticipated to lower rates, putting downward pressure on the NZD.
- Recent UK retail sales growth boosts the pound, indicating resilience in consumer spending.
- New Zealand’s GDP data shows growth but lacks the strength to uplift the kiwi significantly.
Near-term range: GBP to NZD is likely to trade around recent highs, maintaining stability within a narrow range.
What could change it: An upside risk is an unexpected boost in UK economic performance, while a downside risk exists if the Bank of England opts for substantial rate cuts due to rapidly declining inflation.
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GBP to NZD remains bullish as BoE takes a cautious stance on rate cuts. With UK retail sales up and NZD facing pressure from potential RBNZ cuts, expect stability around recent highs in the near term. Upside risk: better UK performance; downside risk: significant BoE cuts
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GBP to NZD Conversion: What Is Your Money Worth?
To help you understand the real-world value of the current exchange rate, the table below shows how much British pound are worth in New Zealand dollar across a range of amounts.
This gives a quick view of what you’d get when converting different GBP amounts at today’s rate * :
What is the
best Send Money conversion rate for GBP to NZD?
The best GBP to NZD exchange rate is 2.3138 from Wise. This is -0.45% compared to the mid-market rate 2.3243.
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 2.3138, -0.45% from the latest mid-market rate 2.3243.
The next best is OFX at 2.3126, -0.5% from the mid-rate.
Then XE at 2.3103, which is -0.6% from the mid-rate.
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.