NZD to GBP Forecasts 2019 Comparison
In 2019, the NZD GBP exchange rate is being heavily influenced by the looming exit of Britain from the Eurozone (or Brexit). So what are the major banks predicting for the rest of 2019 amongst all the political uncertainty from Brexit? This article presents the "big 4" bank outlooks and is updated regularly.
Bank forecasts for the NZD to GBP in 2019
The NZD GBP exchange rate is tracking higher since the beginning of the year, currently spiking up to 0.5304. Both the New Zealand Dollar (NZD) and Great British Pound (GBP) have recovered after declines in December.
The Pound Sterling (GBP) has been on a roller coaster ride ever since "Brexit" was voted for and announced in June 2016. The GBP saw massive falls in 2016 and again in 2018, as the UK keeps going through bouts of uncertainty while Brexit is being finalised.
This year, major banks suspect that much of the negativity has been accounted for and expect a flatter profile for the GBP. Meanwhile, the NZD is predicted to decline this year. As a result, major banks are expecting the NZD GBP to fall towards 0.4500 by the end of the year.
Updated in January, 2019
ANZ bank expects the NZD to GBP rate to fall to 0.4500 by the end of 2019.
The Commonwealth Bank (CBA) has an expectation that the NZD to GBP rate will decline towards 0.5000 by the end of the year.
In 2019, BNZ (subsidiary of NAB) is expecting the NZD to GBP rate to decline slightly by the end of the year to 0.4800.
Same as NAB, Westpac expects the NZD to GBP rate to fall even further than 0.5000 by the end of 2019.
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How does a falling NZD GBP affect me?
A weaker NZD GBP exchange rate isn’t great for New Zealanders living in England. New Zealanders who have moved to, let's say, London, will see a decline in overall spending power if they are servicing their lifestyles with NZD payments.
If you want to have some certainty for your money transfers even when the New Zealand dollar is expected to remain weak, you can check out our currency calculator for the best rates from different money transfer providers.
With the NZD GBP expected to fall this year, New Zealanders might see an increase in English tourists. However, with increased uncertainty over Brexit it is likely the English will stay local, at least in the first half of the year. It's probably not a great time either for New Zealanders to travel overseas this year.
But if you have the travel bug, you should book for the first half of the year where you might be getting a slightly better NZD GBP exchange rate than in the latter half of the year.
NZD to GBP
General advice: The information on this site is of a general nature only. It does not take your specific needs or circumstances into consideration. You should look at your own personal situation and requirements before making any financial decisions.