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Currency Market News

Our blog is below, to help you understand what's moving currency rates and affecting the cost of your international payments. For some friendly guidance on your own transactions, either for your business or yourself, simply fill in the form above and an FCA-regulated currency broker will be in touch to assist you, without any cost or obligation.

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New Zealand Dollar exchange rate report
20 November 2014

Transferring from Pounds Sterling to New Zealand Dollars


For those of you looking to transfer Sterling to the “Kiwi”, It is well worth noting that the GBP/NZD rate has dropped by over eleven cents in just twelve days, peaking at 2.078 on the sixth of November and bottoming out at 1.965 making the currency a lot dearer to buy. However, there has been somewhat of a revival over the last few days, in the strength of the Pound against the Dollar, despite the news by the BoE that interest rates will not be increased in the UK until late next year.


new zealand dollar rates


New Zeland Dollar against US Dollar


Against the USD, the “Kiwi” showed little volatility last night/this morning despite the US Federal minutes failing to outline plans for a likely hike in rates for the largest world economy, it did not do much to improve how many “Bucks” one would get for selling NZD. Possible expectation of this result is shown by the NZD/USD rate dropping from 0.7972 on Tuesday to 0.7815 this morning which, relative to time, is an expensive decline.


nzd-usd


New Zealand Dollar against Euro


The Kiwi Dollar, very recently, compares unfavourably against the Euro, despite consistently weak data releases from the single currency, despite even the country’s proximity to Asia; the AUD and NZD are often viewed as a proxy for Chinese growth which can act as a further boost. Although there may be a move away from Chinese export-led growth, any weakness caused from this may well be capped by continued Euro-zone weakness. What is received from one NZD this month, from a peak of 1.6255 on the 6th Nov, became 1.5690 twelve days later! After Draghi’s speech on Monday the Euro became a lot cheaper to buy for New Zealanders after the ECB president admitted he would step in with various schemes to help the ailing Euro, with the rate improving from a trough of 1.56 to a peak of 1.60 within 2 days.


exchange nzd eur 


Stay in touch with a specialist currency broker to make sure you not only get the very best rate available on the live open market but that you further maximise your returns by knowing when and how best to transfer your funds to New Zealand, something a currency trader will be more than happy to relay to you.

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