New Zealand Dollar

New Zealand Dollar

The New Zealand dollar (sign: $; code: NZD, also abbreviated NZ$) (Māori: Tāra o Aotearoa) is the official currency and legal tender of New Zealand, the Cook Islands, Niue, the Ross Dependency, Tokelau, and a British territory, the Pitcairn Islands. Within New Zealand, it is almost always abbreviated with the dollar sign ($), with "NZ$" sometimes used to distinguish it from other dollar-denominated currencies. In the context of currency trading, it is often informally called the "Kiwi" or "Kiwi dollar", since New Zealand is commonly associated with the indigenous bird and the one-dollar coin depicts a kiwi. Introduced in 1967, the dollar is subdivided into 100 cents. Altogether there are ten denominations—five coins and five banknotes—with the smallest being the 10-cent coin. Formerly there were lower denominations, but those were discontinued due to inflation and production costs. The New Zealand dollar is consistently one of the 10 most traded currencies in the world, being approximately 2.0% of global foreign exchange market daily turnover in 2013.

British Pound

British Pound

The pound sterling (symbol: £; ISO code: GBP), commonly known as the pound and less commonly referred to as Sterling, is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha. It is subdivided into 100 pence (singular: penny, abbreviated: p). A number of nations that do not use sterling also have currencies called the pound. At various times, the pound sterling was commodity money or bank notes backed by silver or gold, but it is currently fiat money, backed only by the economy in the areas where it is accepted. The pound sterling is the world's oldest currency still in use and which has been in continuous use since its inception.Sterling is the fourth most-traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen. Together with those three currencies and the Chinese yuan it forms the basket of currencies which calculate the value of IMF special drawing rights. Sterling is also the third most-held reserve currency in global reserves (about 4%).The British Crown dependencies of Guernsey, Jersey and the Isle of Man produce their own local issues of sterling (the Guernsey pound, the Jersey pound and the Manx pound) which are considered fully equivalent to UK sterling in their respective regions. The pound sterling is also used in Gibraltar (alongside the Gibraltar pound), the Falkland Islands (alongside the Falkland Islands pound), Saint Helena and Ascension Island in Saint Helena, Ascension and Tristan da Cunha (alongside the Saint Helena pound). The Bank of England is the central bank for the pound sterling, issuing its own coins and banknotes, and regulating issuance of banknotes by private banks in Scotland and Northern Ireland. Banknotes issued by other jurisdictions are not regulated by the Bank of England; local governments use Bank of England notes as backing for local issuance by allowing them to be exchanged 1:1 at face value.

1 New Zealand Dollar to British Pound exchange rates chart

1 NZD to GBP exchange rates graph
1 NZD to GBP Spot rate – This is known more formally as the ‘interbank’ rate. It is the rate banks or large financial institutions charge each other when trading significant amounts of foreign currency. In the business, this is sometimes referred to as a ‘spot rate’. It is not the tourist rate and you cannot buy currency at this rate, as you are buying relatively small amounts of foreign currency. In everyday life it is the same as the difference between wholesale and retail prices. The rates shown in financial newspapers and in broadcast media are usually the interbank rates.

1 NZD to GBP exchange rates table

Exchange NZD to GBP
1 New Zealand Dollar = 0.532 British Pound
2 New Zealand Dollar = 1.064 British Pound
5 New Zealand Dollar = 2.660 British Pound
10 New Zealand Dollar = 5.319 British Pound
Exchange New Zealand Dollar to British Pound
1 New Zealand Dollar to British Pound Cross rate – This is the rate we give to customers who want to exchange currencies that do not involve the local currency. For example, if you want to exchange Australian dollars into US dollars.

Best NZD/GBP rate at Thomas Exchange Global in London

1 NZD to GBP exchange rates at Thomas Exchange Global in London
1 New Zealand Dollar = 0.509 British Pound
Thomas Exchange Global
Thomas Exchange Global

Thomas Exchange Global was established in 1993 and has grown to become one of the leading providers of wholesale, retail, travel and commercial foreign exchange services to businesses and individual private clients in the UK. As a dedicated foreign exchange specialist, we have the professional expertise, in depth market knowledge, technological infrastructure and commitment to provide you with an unprecedented level of service that sets the standard in the foreign exchange industry. We are...

Best NZD/GBP rate at No1 Currency in Auckland

1 NZD to GBP exchange rates at No1 Currency in Auckland
1 New Zealand Dollar = 0.504 British Pound
No1 Currency
No1 Currency

No1 Currency - Currency Exchange Specialists No1 Currency is a foreign exchange business (owned by FEXCO Pacific) that has been operating across the Pacific for over 10 years. The core services we offer are currency exchange, business payments and international money transfers through Western Union. We now operate in 9 Pacific countries accross 65 locations and employ over 250 Staff. No1Currency has airport locations in Samoa, Fiji (Nadi and Nausori), Tonga, Vanuatu (Port Vila and Santo) and...

1 NZD to GBP exchange rates news

NZ dollar extends slide as Philly Fed lifts sentiment in US | Scoop News

Jan. 18 (BusinessDesk) - The New Zealand dollar extended its decline as US investors looked for positive signs in their economy and European manufacturers prepared for the worst from the on-going Brexit impasse.

about 3 hours indicative negative
Card spending suggests little festive cheer for retailers - sharechat.co.nz

Retail spending using electronic cards over the key Christmas period suggests retailers found little to cheer about in the festive season

1 day indicative neutral
NZD treads water ahead of Brexit vote; buoyed by dairy auction, China stimulus - sharechat.co.nz

The kiwi stuck to a tight range ahead of the Brexit vote in the UK, helped by new China stimulus and a solid overnight milk auction

2 days conditional neutral
NZ dollar hovers near top of recent range as hopes rise - sharechat.co.nz

The New Zealand dollar is treading water near the top of its recent range on speculation the US Federal Reserve will either slow down or pause further rate hikes and hopes for a positive outcome to United States-China trade talks

8 days conditional neutral
Jamaican dollar declines 10 cents vs greenback

The Jamaican dollar devalued by 10 cents against the United States dollar during Wednesday’s trading, according to the trading summary from the Bank of Jamaica (BOJ)

7 days indicative negative
Forex reserves hit high in December | Economics | FOCUS TAIWAN - CNA ENGLISH NEWS

Taipei, Jan. 4 (CNA) Taiwan's foreign exchange reserves hit another all-time high at the end of December because of an increase in returns on the portfolio managed by Taiwan's central bank, the bank said Friday.

13 days indicative neutral

1 NZD to GBP currency converter