Chinese Imports grow causing strength for the New Zealand Dollar vs Sterling (Tom Holian)

Sterling vs the New Zealand Dollar exchange rates have started to fall recently following the uncertainty surrounding the Brexit vote in the UK. A fortnight ago we saw a 4 month high for GBPNZD rates as the opinion polls showed the Remain camp firmly in the lead. However, since then we have seen the Leave camp go into the lead according to polls published by the Guardian and Telegraph newspaper. Chinese import data published a few hours ago showed levels much better than expected and as China...

NZD Suffers due to drop in Dairy Production (Daniel Johnson)

Dairy Production hits NZD The New Zealand Dollar has suffered of late. New Zealand's primary export is dairy and so any fluctuation in dairy prices and dairy production can have an impact on the New Zealand Dollar. We have recently witnessed a rise in dairy prices due to a contraction in supply. Fonterra is New Zealand's largest dairy producer and their production forecast was cut severely due to adverse weather. If you have a currency requirement involving the New Zealand Dollar it would be wise to...

GBPNZD hits best levels since the Referendum!

The pound to New Zealand dollar rate has very recently hit the best rates to buy New Zealand dollars with pounds since the Referendum in June 2016. A stronger pound and a weaker Kiwi have contributed to the swing which has presented Kiwi buyers with pounds an excellent opportunity. Will it continue is the million dollar question, I would certainly not rule it out but with currency markets ultimately being unpredictable, taking stock of the market and your options is probably a smart move. The...

What can we expect next on GBPNZD rates?

The pound to New Zealand dollar exchange rate is still at a very good level, they have been over 1.90 once again trading in the 1.93-1.94 range today. There is a general belief rates could improve further but we will need to see some more positive news to rise back above the December high of 1.98. April sees a whole new set of economic news and events to move the market, the key information will be the New Zealand interest rate decision on May 10th....
New Zealand Dollar: NZD Falls on Declaration of Pandemic and Europe Travel Ban

Will the New Zealand Dollar continue its medium term fightback?

Back in May the New Zealand Dollar came under increasing pressure, with the Kiwi hitting its weakest levels against both the Pound and the US Dollar so far this year at the time. Since then, there has been a fightback from the Kiwi as a quick look at a 2-month chart will demonstrate. Some economists are suggesting that the economy of the country has gone from outperforming on the economic stage to more of a support act. At the times of the very strong economy...

When will GBPNZD rise?

The pound to New Zealand dollar rate has fallen dramatically in the last few weeks as the pound slides on the uncertainty of the Brexit worries. Most clients looking to buy or sell the pound for Kiwi have had some very tough times int he last week as the reality of the Brexit hits home and investors worry over just what is around the corner. The Kiwi has benefited from being seen as a higher yielding currency with a higher interest rates than the UK...

Will GBPNZD hit 1.80 again?

The GBPNZD exchange rate has really struggled in recent weeks as we await further information on the improvements for clients looking to buy New Zealand dollars. The overall impression from the market is that the pound could now really soar higher which would present some better opportunities for clients looking to buy the New Zealand dollar. Most clients expect that the pound will ultimately come under some pressure in the coming weeks as we get closer to the Article 50 being triggered and news on...

GBP/NZD recovering despite strong inflation data (Joshua Privett)

The Pound was on a strengthening trend yesterday similar to when it began last week on Monday, with buying rates on GBP/NZD now reaching up above 1.86 following yesterday's currency movements. Over the weekend New Zealand posted some stable inflation levels which made is surprising that rates of exchange managed to climb as high as they have, but it seems that markets are much more focused on recent developments in the UK following the announcement of a new Prime Minister. Since Monday of last week the...

Change could cause weakness for the New Zealand dollar (Dayle Littlejohn)

Now that Labour and New Zealand have formed a government led by Prime Minister Jacinda Ardern, policies are surfacing and many economists are predicting that the New Zealand dollar could remain under severe pressure for the foreseeable future. The new Government are set to make two big changes. Firstly the way that the Reserve Bank of New Zealand decides interest rates are set to change, Previously just the governor of the RBNZ decides whether interest rates should be hiked or cut. The new rules will...

Sterling Bombs against New Zealand Dollar after Flash Crash (James Lovick)

The pound has crashed extremely badly against all of the major currencies including the New Zealand dollar. For anyone selling New Zealand dollars there is yet again another excellent opportunity to convert into pounds. Whilst a small improvement in NZD GBP seemed likely in the coming weeks I don’t think anyone was expecting such a sharp movement in such a short time frame. The movement seen overnight has not been definitively accounted for. Rumours of a “fat finger” or a computer algorithm gone crazy have covered...