Exchange Rates
New Zealand Dollar

GBP to NZD Exchange Rate

Ahh, New Zealand: The first country to give women the right to vote (1893) and also the first country to charge $1,000/kg for honey.

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What influences the NZD/GBP exchange rate?

As a commodity currency, the New Zealand dollar (or Kiwi) can depend heavily on the price of milk due to New Zealand’s reliance on its dairy industry for 30% of all exports.²

Both the GBP and the NZD currencies trade most actively against the U.S. dollar, and the relative strength of the U.S. economy may play a role in the GBP/NZD exchange rate. China is a major export partner for New Zealand, therefore any economic slowing or growth that impacts commodities destined for China may also influence the GBP/NZD exchange rate. In contrast, the U.K. exports primarily to the U.S. and continental Europe. Any policy changes regarding how the U.K. trades with Europe may also influence the GBP/NZD rate.

NZD/GBP Snapshot

The islands of New Zealand are actually the peaks of the 93% submerged continent Zealandia.
In terms of area, New Zealand and the U.K. are of a similar size, but the U.K. has a population 14 times larger than New Zealand, and a GDP 16 times larger.³
New Zealand is home to one of the world’s largest insects, the giant weta. It’s name comes from the Maori word ‘wetapunga’ meaning the ‘God of ugly things’.⁴ Fortunately, we don’t have those in the U.K.
Kiwifruit exports were worth NZ$1 billion dollars in 2014 and accounted for approximately 42% of New Zealand’s horticulture exports.⁵

NZD to GBP exchange rate analysis. Check out our daily market analysis to learn the factors influencing the NZD to GBP exchange rate today.

What’s Next?

For a more general discussion about exchange rate forecasting and macroeconomic factors to consider, check out this article.

Exchange Rate Forecasting: Strategies for Success