Buying New Zealand Dollar? When should I trade?

Despite Sterling's severe decline against the NZD, there may be hope on the the horizon. The Reserve Bank of New Zealand have indicated they are will drop interest rates several more times this year in an attempt to boost the appeal of exports. If there is a cut expect Sterling to strengthen possibly by as much as 10 cents. The decision takes place on 27th April at 20.00. If you are an NZD seller it may be wise to move ahead of this event. If...

New Zeland Dollar exchange rate still standing ground – Will we see further strength?...

It does appear that the New Zealand Dollar is on a great run of form at present and there is a great chance that this may continue against most major currencies unless any major surprises occur. With interest rates in New Zealand currently sat at 2% the Kiwi offers a great return for investors looking for receiving a higher return on their investments. We have seen a little pressure on the perceived ' riskier' currencies however I would imagine carry trading will continue to remain  fairly...
Could the Pound improve against the New Zealand Dollar if US interest rates rise?

Important news to drive NZD exchange rates!

The New Zealand dollar is now at risk of losing ground further in the future as investors gear up for the US Federal Reserve to tighten further monetary policy in the future. With interest rates having been risen now to 2% in the US, the US dollar should continue to be a favourable currency for investors to hold. This will leave the NZD in the shade as investors will now get a greater return holding US dollars, rather than New Zealand dollars. The general perception...

RBNZ hint to further rate cuts (Dayle Littlejohn)

After the Reserve Bank of New Zealand's statement earlier this month it appears that further monetary policy changes are on the horizon and I wouldn't be surprised to see an interest rate cut at their next meet. The RBNZ have stated they believe the Kiwi dollar is too strong due to the high interest rate therefore cuts are inevitable. If you compare New Zealand's interest rate (2%) compared to the UKs (0.25%) you can understand why speculators are leaving their assets in the Kiwi as...

How will GBPNZD rates perform this week?

The pound to New Zealand dollar has been rising as the pound benefits from increased expectations of a softer Brexit. The strength and weakness of the pound is very much linked to the performance of the UK government in the Brexit progress and assumptions over the type of deal the UK will get. If you need to buy or sell the pound for the New Zealand dollar then making sure you get the right exchange rate is important, understanding the market and all of your...
Pound to Australian Dollar rate hits a new annual high

GBP/NZD forecast: Is a Brexit deal coming to fruition?

The Pound has made some quite substantial gains during this week's trading. This can predominantly be put down to progress in Brexit negotiations. Last week rumours began to circulate that a deal has been agreed behind closed doors for the UK to have access to the Customs Union post-Brexit. Following this it has been announced in the press that an agreement over the Irish border issue is on the cards. It seems Brussels would be willing to accept any tax payments retrospectively, similar to the...
GBPEUR rate remains steady as markets await the Autumn Budget

GBP/NZD drops back below 1.80 (Joshua Privett)

Pound to New Zealand Dollar exchange rates have seen a further backtracking, as uplifting regional economic performance news compliments a struggling Pound to present fresh opportunities for NZD sellers. The economic news which came out overnight wasn't from New Zealand but rather a hop across the sea in Australia, where GDP growth saw a fairly meteoric rise in relative terms from 1.5% projected growth to 1.7%. Quarterly growth for the first quarter was also recorded at 50% higher. Why is this important for the New Zealand...
GBPEUR rate remains steady as markets await the Autumn Budget

GBPNZD spikes!

Pound to New Zealand exchange rates have risen over 2.10 representing an excellent time for anyone planning a GBPNZD exchange rate transfer to purchase their currency. There is also a chance that the rates could get better next week with the release of the latest Reserve Bank of New Zealand Interest Rate decision. All eyes are on the RBNZ who had already made a surprise cut this year to see if they will drop rate even further to help stimulate the economy and keep...

New Zealand Dollar remains stable despite global uncertainty – What is impacting NZD exchange...

The New Zealand Dollar has remained stable over the past 24 hours despite the continuing global uncertainty surrounding China and the global stock market as a whole. Exchange rates for the Antipodean currencies have been rather volatile of late and I expect this trend to continue in the coming weeks. The New Zealand Dollar can still be impacted quite considerably by carry trading. Carry trading is the process where an investor borrows money in a currency with a very low interest rate and then shifts the...

Will GBP/NZD Rates Fall Below 2? (Matthew Vassallo)

With Sterling coming under pressure across the board, it is no real surprise to see GBP/NZD rates creeping back towards 2. There was an aggressive drop overnight following the latest Reserve Bank of new Zealand (RBNZ) interest rate decision and subsequent monetary policy statement. It was widely anticipated that they would cut rates in order to try and stabilize their economy but when this did not occur, the markets took it as a sign of strength and the NZD moved almost 5 cents overnight. This...