Over the last 2 years the New Zealand dollar has had a strong run against sterling and the US dollar. Ultimately you can suggest that Brexit has put pressure on sterling and Donald Trump’s antics have put pressure on the US dollar, nevertheless the New Zealand dollar has been performing well.
Many economists believe that the New Zealand dollar strength comes from the gains they have received from high interest rates coupled with low volatility, apart from an General Election, which failed to spring to many surprises. Furthermore the increase in commodity prices have been having a positive impact on New Zealand trade.
My personal opinion is that over the next 12 months the UKs position surrounding Brexit should change and certainty could mean the pound would strength against the Kiwi, however a deal is crucial. Where as unfortunately the US dollar I beleive will continue to come under pressure as long as Donald Trump is president and we will see flows out of the US dollar and into the US dollar at times of uncertainty.
If you are buying or selling New Zealand dollars this week, month or year and I haven’t covered your currency pair I would recommend emailing me with the currency pair (NZDUSD, NZDGBP, NZDAUD) and the reason for the transfer (company goods, property purchase) and I will response with my forecast and the options available to you [email protected]. Alternatively if you would like to discuss your requirements over the phone call 01494-787478 and ask to be put through to Dayle Littlejohn.
** If you are already using a brokerage and would like to know if you are receiving the best rates possible email me with the exact figures and I will reply with our live price. This will take you a few minutes and in the past I have saved clients thousands! **