🇬🇧 GBP vs 🇳🇿 NZD: Currency Strength Comparison
Data updated: November 6, 2026
On November 6, 2026, one British Pound bought 2.4146 NZD at the official reference rate, so per unit the British Pound is worth more. A higher unit value only reflects how each currency is denominated, not which one is gaining: over the past 12 months GBP strengthened by 4.5% against NZD, so on momentum the British Pound (GBP) is the stronger of the two.
Adjusted for consumer-price inflation in both economies, GBP gained 4.7% in real terms against NZD over the same period.
GBP relative to NZD
Positive values mean GBP strengthened against NZD.
GBP vs NZD over the last three years
GBP against NZD, index 100 on November 6, 2023. A rising line means GBP gained on NZD. Dashed: the same, adjusted for consumer-price inflation in both economies. Green dot: 3-year high, red: 3-year low.
- 3-year high: 116.3 on November 6, 2026, when GBP was at its strongest against NZD in the period.
- 3-year low: 96.9 on December 20, 2023.
- Now: 116.3, at the 3-year high: GBP has not been stronger against NZD at any point in the period.
- Sharpest one-month move: GBP rose 5.4% against NZD between June 25, 2024 and July 25, 2024, around the time of “BoE starts cutting” (🇬🇧 August 1, 2024).
What moved GBP and NZD
- · 🇳🇿 RBNZ hikes OCR to 2.50% — New Zealand's central bank raises rates again to bring inflation back to target
- · 🇬🇧 Reeves delivers Autumn Budget — Chancellor Rachel Reeves raises taxes and extends threshold freezes, easing gilt-market fears
- · 🇳🇿 RBNZ cuts to 2.25%, signals end — RBNZ cuts to a three-year low while signaling its easing cycle is complete
- · 🇳🇿 RBNZ starts cutting — RBNZ begins easing cycle, cuts from 5.50% peak
- · 🇬🇧 BoE starts cutting — Bank of England cuts rates for first time since 2020
Major central-bank decisions, elections and shocks for the two currencies since November 6, 2023. The interactive chart marks them on the line.
Performance against 15 major currencies
| Currency | 12-month change vs basket | Rank |
|---|---|---|
| 🇬🇧 British Pound (GBP) | +3.5% | #4 of 16 |
| 🇳🇿 New Zealand Dollar (NZD) | -1.2% | #9 of 16 |
Open the interactive GBP/NZD chart →
How this comparison works
Each currency's strength index starts at 100 and accumulates its daily change against 15 other major currencies (a geometric mean of pairwise exchange-rate moves), using European Central Bank reference rates and other official sources. The relative figures above divide GBP's index by NZD's, so they reflect the two currencies' performance against each other while accounting for the whole basket. The real variant additionally adjusts each currency for its domestic CPI inflation.
Read the full methodology →Frequently asked questions
Is GBP stronger than NZD right now?
It depends on the question. Per unit, 1 GBP = 2.4146 NZD (reference rate, November 6, 2026), so the British Pound is worth more. As for which one is gaining, over the past 12 months GBP strengthened by 4.5% against NZD, so on momentum the British Pound (GBP) is the stronger of the two.
How do GBP and NZD perform against other major currencies?
Against a basket of 15 major currencies over the past 12 months, GBP ranks #4 of 16 (+3.5%) while NZD ranks #9 (-1.2%).
What does the GBP vs NZD strength comparison show?
Rather than a single exchange rate, this page compares how each currency performed against a basket of 15 major currencies, then derives their relative strength. It filters out moves caused by the other currency alone and shows who is truly stronger.
How often is the data updated?
Every trading day (Monday to Friday), after the European Central Bank publishes its reference rates, usually around 16:00 CET.