NZD/GBP: what to know
The NZD/GBP rate shows how much GBP you get for 1 NZD. Right now, 1 NZD buys 0.4300 GBP at the mid-market rate. In the other direction, 1 GBP is worth 2.3256 NZD.
In the short term NZD is driven mainly by soft-commodity prices and risk appetite, while GBP responds to Bank of England policy and the UK economy.
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. The British Pound (GBP) is issued by Bank of England. The pound sterling has been in use for over 1,200 years.
Over the past 12 months the NZD/GBP rate has ranged between 0.4253 and 0.4450 — a change of -1.91% 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.