Check out our New Zealand Dollar exchange rates

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Currently we are only accepting payments in Pounds Sterling from UK residents.

History of the New Zealand Dollar

The New Zealand dollar, which is denoted as NZD, was established in 1967 as a way to introduce a decimal system of currency, moving from the previous system of the New Zealand pound. When the United States devalued its dollar relative to gold in 1971, the New Zealand pegged its dollar to the US dollar. In 1985, the New Zealand dollar was moved to a floating system, and from that point on, the currency's value has been set by the financial markets. The New Zealand dollar is also often referred to as the "kiwi," which is a reference to a flightless bird native to New Zealand that people often associate the country with. The New Zealand dollar is twelfth most-traded currency in the world, and the country's ratings have aided the efficiency, growth, and stability in both domestic and international markets for the country.

Historical British Pound Sterling to New Zealand Dollar Conversion Rates

The conversion rate of the New Zealand dollar to the British pound remained extremely consistent for 25 years, varying only between 2.0 and 2.2997 GBP to NZD from the late 1940s to the early 1970s. However, in 1973 the conversion rate dropped slightly to 1.8 GBP to NZD, marking a relatively small decline that remained in effect for five consecutive years. In 1979, the conversion rate hit an upswing that continued for the next three decades. The New Zealand dollar reached its highest conversion rate in 2001, with a rate of 3.4244 GBP to NZD. This is likely due in part to the fact that the country's economy at the time had moved from being agrarian-based, relying on access to the British market, to a free market economy that performed and still performs quite well on a global level.

Convert GBP to NZD - Recent Currency Exchange Rates

Over the last ten years, the move to a free market economy has served New Zealand well, resulting in a substantial growth that brought with it higher incomes and increases in industrial technology. The New Zealand dollar has experienced only one market intervention since it was floated in 1985. This occurred in June 2007 when the Reserve Bank attempted to devalue the currency by selling an unreleased number of New Zealand dollars. Two additional interventions are suspected, although neither of them was as successful as the one in 2007. At that time, the conversion rate was 2.7226 GBP to NZD, which is fairly consistent with rates for the last decade. The conversion rate rose steadily in 2008 and may continue to do so in the future.

Today's New Zealand Dollar exchange rates

I want to buy using

Currently we are only accepting payments in Pounds Sterling from UK residents.