How to Transfer GBP to NZD - April Update

GBP has been strengthening against NZD in the last 6 months, and this has taken a few steps up since the Trump Tariffs have hit the news. There are a 100’s of factors baked into FX rates but the biggest one in my view for NZD is that it is a “risk on currency”

This basically means that when there is optimism in global markets, the NZD tends to strengthen, and when there is pessimism and uncertainty, the NZD generally weakens.

Therefore, it’s not too surprising when we look at news to see that GBP/NZD is now at 2.29. Good if you’re bringing money over from UK to NZ, great if you’re selling a property or transferring a pension.

We regularly keep an eye on latest rates offered by the leading currency transfer specialists, because the best rates provider moves around quite often, as you would expect in a market.

Currently we are seeing that XE has a slight edge over other currency specialists, and a big edge over banks. Personally, I use Wise because I’m used to it and their rates are good, but if I was transferring a large amount, I would use XE. As said above, these rates move around, so it might be another provider with the edge next month. It pays to keep an eye on the market on an ongoing basis.