Author, Mike Smith
In this article, I’ll explain the highs and lows of the NZD to GBP exchange rate. I’ll also cover whether it is a good time to buy Pound Sterling with New Zealand Dollars and discuss what might happen to the exchange rate in the future.
Highest ever NZD to GBP exchange rate
The highest ever New Zealand Dollar to British Pound exchange rate was 0.5949 on the 8th of November 2016.
In 2016, the UK economy was dealing with the aftermath and economic uncertainty after the Brexit referendum.
On the other hand, New Zealand’s economy was booming due to high immigration, a strong tourism industry, and a supportive monetary policy.
Lowest ever NZD to GBP exchange rate
The lowest ever New Zealand Dollar to British Pound exchange rate was 0.2687 on the 8th of September 1992.
In 1992, New Zealand’s economy was struggling. Inflation was around 9%, unemployment was around 11%, and national debt had quadrupled.
Confidence in the New Zealand economy was very low.
However, Black Friday happened soon after, causing the British economy to see tough times of its own.
Average NZD to GBP exchange rate
Comparing the currency exchange rate to historical averages is a good way to gauge whether the exchange rate is currently good or bad.
The all-time New Zealand to British Pound average exchange rate is 0.4245.
Over the last 5 years, the average New Zealand to British Pound exchange rate has been 0.5148.
In recent times, NZD to GBP exchange rates have generally been above the all-time average.
NZD has remained steady due to the long-term strength of the New Zealand economy.
Is it a good time to buy British Pounds with New Zealand Dollars?
It’s best to buy British Pounds with New Zealand Dollars when the exchange rate is high.
A higher exchange rate means you’ll get more Pounds for your New Zealand Dollars.
In 2022, the Pound is relatively weak, so it is a good time to buy Pounds with New Zealand Dollars.
As inflation and the price of living continue to soar, the signs are that the UK economy could be sliding toward recession, causing the Pound to weaken.
As the Pound weakens, the NZD to GBP exchange rate gets higher.
Over the past 3 years, the NZD to GBP exchange rate has been mainly around the 0.47 and 0.53 mark.
As a tip, if the exchange rate is over 0.50, it is in the upper range of exchange rates in the last 3 years and is a good exchange rate.
Even when exchange rates are good, it can be tempting to try and wait for it to get even better.
However, as exchange rates can be highly volatile and quickly move in either direction, it’s often wise to take a good rate when it’s available.
You can sometimes be stung by waiting.
NZD to GBP exchange rate forecasts
Exchange rate forecasts aim to predict how exchange rates and currency markets will move in the future.
They sound like the perfect guide to predicting what the NZD to GBP exchange rate will do.
However, if forecasts were always accurate, we’d all be able to make billions by plowing money into a currency on the up.
Unfortunately, predicting exchange rates isn’t quite that easy.
In reality, exchange rate forecasts are more of an indication of what experts feel is most likely to happen.
There are no guarantees with any exchange rates.
I’d always bear this and mind and take any forecast you read with a small hint of scepticism.
Think of them like weather forecasts.
Even if it says it’ll be sunny, you can never be sure it won’t rain!
It’s the same with exchange rates.
Exchange rate forecasts do give you helpful information. Still, you can never guarantee that the currency won’t suddenly move in the opposite direction.
Finding a reliable NZD to GBP exchange rate forecast can be tricky as it’s not one of the most popular currency pairs globally.
Here are a few NZD to GBP forecasts which may be helpful to you:
- FX Leaders – Shows NZD to GBP highs, lows, and today’s latest and some market trends whether people are buying or selling.
- FX Street – Provides the latest NZD to GBP trends and recent highs and lows.
- Wallet Investor – While this focuses on speculative currency investing, it gives a summary of the NZD to GBP forecast, which you may find easier to understand than a barrage of numbers.
Getting the best NZD to GBP rate
If you’re not familiar with the currency markets, some providers offer better exchange rates than others.
Let’s look at your options.
There are two main types of exchange rate providers out there that offer exchange rates. These are:
- Banks
- Currency brokers
Banks typically offer the most expensive NZD to GBP exchange rates.
An exchange rate is expensive because it has a large margin.
It’s easier to explain using a real-world example.
Banks usually charge around a 3%-4% margin on their exchange rates.
If you were to transfer $100,000 using an exchange rate with a 4% margin, your transfer would cost you $4,000.
This is enormous.
That’s a huge amount of money to be needlessly handing to the banks.
And if you were to transfer even larger sums, the amount the banks take from you can become astronomical.
A currency broker is usually a cheaper alternative.
When you’re moving a large amount of money, you deserve access to better exchange rates.
That’s where a currency broker comes in.
They’re specialists in currency exchange and help people get better exchange rates than the banks.
This stops your transfer of New Zealand Dollars to Pounds costing heaven and earth.
Don’t settle for high exchange rates from the banks.
For further guidance on how to find the best exchange rate, for travel or an international money transfer, our dedicated post will have all the information you need!
How online NZD to GBP exchange rates can be misleading
The first thing many of us do when looking for an exchange rate is Google it.
And Google shows you an exchange rate.
Nice and easy! Or so you’d think…
Be aware that the exchange rate shown on Google, and other informational sites, is unachievable.
I’m not saying Google’s wrong.
But it’s important to understand what’s shown, as it’s not always clear.
The exchange rate you’ll see on Google, and other sites, is usually the interbank exchange rate.
This is the rate banks use to trade between themselves.
It usually says in the small print that this is a mid-market rate or an indicative rate.
They make you look hard for it though!
The exchange rate you’ll be able to get for your money transfer will, unfortunately, always be slightly worse than the interbank rate.
This is the case regardless of which exchange rate provider you use.
So, don’t be fooled when you see this rate for your transfer from New Zealand Dollars to Pounds.
The interbank rate of exchange on Google can still be useful though.
You can use it as a baseline for comparison when you get an NZD to GBP quote.
If you have any doubts or confusion, talk to a currency broker like Key Currency.
Our currency representatives can explain how the interbank rate works and answer any other questions you have about exchange rates.
Need guidance on NZD to GBP exchange rates?
So you’ve got your great exchange rate quote. Now you want to make the transfer.
What’s the next step?
Ideally, you need a reliable expert to talk it through with.
However, some currency brokers give you an exchange rate and then leave you to fend for yourself.
Others are purely online services that force you to make your transfers on an app.
You’re thrown to the wolves.
You’re left to make your currency transfer at your peril – whether the exchange rate is good, bad, or indifferent.
That’s their attitude.
But, in my opinion, that’s not great service, especially when your transfer could be for a life-changing event.
There’s no recognition that you’re moving a large amount of money and that it’s an important event!
If something were to go wrong, who would you turn to?
A slick online interface might look smart, but it won’t be able to give you any support or opinions.
I prefer to speak to a real person.
They can listen to you and give some simple, honest advice without any jargon.
At Key Currency, we have a team of currency representatives who will look after you from your initial quote until your NZD to GBP transfer is completed.
You have an expert who’s in your corner from start to finish.
Even if something unexpected happens, they will chase it on your behalf and get it sorted.
Want peace of mind when dealing with large amounts of money?
Deal with a real human.
About Key Currency
Key Currency is a British-based currency exchange broker.
We’re based outside of the city to keep overheads down and get you better exchange rates.
You can also see who you’re dealing with and read about who we are.
We are not a big faceless bank that hides behind corporate branding and t’s and c’s.
We’re honest, genuine people that are transparent in how we work.
You always deal with real people who take the time to understand all the ins and outs of your currency transfer.
We can discuss it with you and let you decide what’s best after you have all the information.
We can even set rate alerts when the NZD to GBP exchange rate hits a particular mark you want to achieve.
What’s more, we have a 5-star customer rating on Trustpilot, with over 2,000 reviews. Read our reviews and see what our clients say about our service.
Rest assured, we’re registered and authorised by the FCA (No. 753989).
If you need to transfer New Zealand Dollars to Pounds Sterling, get a free exchange rate quote today.
Author, 
