GBP/NZD: what to know
The GBP/NZD rate shows how much NZD you get for 1 GBP. Right now, 1 GBP buys 2.3256 NZD at the mid-market rate. In the other direction, 1 NZD is worth 0.4300 GBP.
In the short term GBP is driven mainly by Bank of England policy and the UK economy, while NZD responds to soft-commodity prices and risk appetite.
The British Pound (GBP) is issued by Bank of England. The pound sterling has been in use for over 1,200 years. The New Zealand Dollar (NZD) is issued by Reserve Bank of New Zealand. The New Zealand dollar is nicknamed the “Kiwi”, after the bird on the $1 coin.
Over the past 12 months the GBP/NZD rate has ranged between 2.2470 and 2.3515 — a change of +1.95% versus a year ago.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.