GBPNZD rates at highest levels since late September (Tom Holian)

Sterling has seen huge rallies against the New Zealand Dollar initially as a result of the high court challenge to Article 50 last Thursday and then since the US election news.

Global risk appetite has fallen since Trump was announced as President of the United States and as the NZD is deemed a risky currency this is the reason why we have seen such big moves on GBPNZD exchange rates.

In fact GBPNZD exchange rates are now at their best levels to buy New Zealand Dollars since late September providing some excellent opportunities to buy NZD with Sterling.

If you’re in the process of moving to the southern hemisphere then it is important that you are kept up to date with market movement and recent volatility is another reason why you should be dealing with an experienced currency broker who will be able to keep you updated with what is happening to GBPNZD rates.

Prime Minister Theresa May has congratulated Donald Trump whilst over global leaders have been less than complimentary.

Also, Trump has suggested recently that he will impose tariffs on Chinese trade with the US and as New Zealand relies quite heavily on the Chinese this is another reason why we have seen such weakness for the New Zealand Dollar.

Having worked in the foreign exchange industry since 2003 I am confident that I can offer you bank beating exchange rates and also help you with the timing of your currency transfer.

If you have a currency transfer to make and would like further information or for a free quote then contact me directly and I look forward to hearing from you.

Tom Holian [email protected]

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