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GBPNZD

$--
--%
1d
1w
1m

Analysis and statistics

  • Open
    2.3175$
  • Previous Close
    2.3175$
  • 52 Week Change
    --
  • Day Range
    0.00$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

GBPNZD.FOREX represents the currency exchange rate between the British pound (GBP) and the New Zealand dollar (NZD). It signifies the value of one currency relative to the other, specifically how many New Zealand dollars are needed to purchase one British pound. Trading this currency pair involves speculating on whether the pound will strengthen or weaken against the New Zealand dollar, and profit is made from correctly predicting the movement of the exchange rate.
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Factors

Interest Rate Differentials: The difference between the Bank of England's (BoE) interest rate and the Reserve Bank of New Zealand's (RBNZ) rate impacts relative attractiveness.

Economic Data Releases: UK and New Zealand economic indicators like GDP, inflation, and employment influence currency valuations.

Global Risk Sentiment: Risk-on sentiment often favors the New Zealand dollar (NZD), while risk-off may boost the British pound (GBP).

Commodity Prices: New Zealand's economy is commodity-driven, so changes in commodity prices affect the NZD.

Political Stability: Political events in the UK or New Zealand can cause currency volatility.

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