GBP/NZD Exchange Rate Today — Live Chart and Analysis
GBP/AUD is an exchange rate that specifies how many NZD (New Zealand Dollar) can be converted into one GBP (Great Britain Pound), therefore the base currency is GBP and the price currency is NZD. If this rate declines, it means that NZD appreciates relative to GBP and if this rate increases it means that the NZD depreciates against the GBP. There are many macroeconomic factors/events (fundamentals) that affect GBP/NZD exchange rate, which are usually common in both countries. Some of the most notable factors/events are GDP, Inflation or Consumer Price Index (CPI), Interest Rates and other monetary policies applied by central banks. Regarding the trade relationship between Great Britain and Australia, the latter imports 0.26% of Great Britain's total exports, whereas Great Britain imports 2.8% of Australia's total exports. The largest component of Great Britain's exports is machinery whereas New Zealand's largest export components are dairy products, eggs, honey, edible products. Any significant shifts in the trade relationship between the two regions and changes in the values of the aforementioned components are some of the factors that could have a material impact on the pair.
Buy price
2.3103
Sell price
2.3101
Price Performance
1 week
+1.5% +1.5%
1 month
+1.71% +1.71%
YTD
-4.91% -4.91%
Year
-8.33% -8.33%
5 years
+3.3% +3.3%
Information regarding past performance is not a reliable indicator of future performance.
Analysis
After the Brexit referendum of June 2015, the British pound dropped by more than 8% against US dollar in a single day, from 1.4879 to 1.3680. The bearish trend of the British pound to the US dollar has continued until January of 2017, where there is a slight improvement since the start of the year. Its exchange rate against the US dollar and Euro gained by about 5.9%. There is great uncertainty around the British Pound due to Brexit, but this uncertainty will be slightly resolved after the finish of the four rounds of talks on the first phase of discussions between the UK and the European Union, which may be finalized probably in October of 2017.
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