78% of retail investor accounts experience cash losses as a result of trading CFDs with this CFD provider.
CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
2.253 NZD
1H
4H
1D
1W
1MN

GBPNZD Key Statistics

Open price
2.25293
High today
2.25405
Low today
2.25288
52 Week high
2.33546
52 Week low
2.06051
Trading hours
-12:00
-11:00
-10:00
-09:00
-08:00
-07:00
-06:00
-05:00
-04:00
-03:00
-02:00
-01:00
UTC 00:00
+01:00
+02:00
+03:00
+03:30
+04:00
+04:30
+05:00
+05:30
+05:45
+06:00
+07:00
+08:00
+09:00
+09:30
+10:00
+11:00
+12:00
+12:45
+13:00
+14:00
UTC 00:00
Symbol trading specification
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18.08 
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About GBPNZD

The Great Britain Pound (GBP) is the United Kingdom's currency. In the local language, it's known as quid and is one of the most traded currencies in the forex market. On the other hand, the New Zealand Dollar (NZD) is the official currency of New Zealand. It's also known as the Kiwi dollar and is relatively new. Still, on average, its daily trading volume is US $68 billion. It represents the exchange rate between the GBP and NZD.

What is GBPNZD?

The GBPNZD is a cross-currency pair, meaning traders don't have to convert the pair into US dollars before trading. It is marked by the tightened spread, making moving from one currency to another cheaper. On the other hand, being a volatile pair causes more rapid and more common price fluctuations. Everybody willing to understand how to trade GBPNZD must keep tabs on daily financial news.

Different factors are responsible for these fluctuations, and traders must have a deep sight of them. These factors include the economies of Great Britain and New Zealand, interest rates, and domestic political transparency. Other factors impacting the GBPNZD exchange rates include trade and investment flows and market sentiments.

How does GBPNZD work?

The GBPNZD works by trading on the forex market through speculation. Here, the traders interested in the currency pair speculate the price fluctuations and buy or sell it when they find a good opportunity. But before that, they must open a trading account to jump into the forex market. Everybody who wants to learn how to invest in GBPNZD can start with a demo account available on the SimpleFX platform. Before switching to a live trading account, potential traders have the chance to practice and implement trading strategies before risking actual funds.

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