Transfer GBP to NZD: Comparing Currency Specialists and Bank Rates
Being a Financial Advisor specialising in helping British Expats in New Zealand, we understand that questions about FX, and transferring money internationally are one of the most common financial issues.
We come across it for our mortgage clients who might be transferring a large deposit to New Zealand, or investment/pension clients who want to have their money invested in New Zealand.
The 2 most common questions are:
Who provides the best rates?
Is it safe to use a currency specialist instead of my bank?
Best GBP/NZD Rates:
This was our results based on rates offered on 1st July, 15:13pm. The table shows how much NZD you would receive with the selected transfer options.
From the Sample we have taken, Wise is the most competitive on rates but we will continue to check this on a monthly basis, and report the results.
Whoever provides the best rates today is not necessarily providing the best rates in next month or next year. We will test the market every month.
How Safe Are Currency Specialists Compared to Banks:
We find that some clients feel more comfortable to use their bank to transfer large amounts, but it is important to note that the currency specialists listed above are regulated in multiple countries and are required to separate your transfer funds from their operational accounts. Also, Wise is listed on the FTSE Stock Exchange, and is valued at approx $10 billion, so we don’t see a safety advantage in transferring with your bank.
You can check our website each month to keep up to date with the market for international transfers, as well as UK pensions and NZ mortgages.