The NZDGBP cross rate has been in steep decline all of 2024. The year kicked off with the NZD buying close to 50 Pence/NZ Dollar. It has been in decline ever since, falling back to 0.4800. This is almost entirely due to the weakness of the KIWI, as the Bank of England has been steadfast in their battle on inflation. The weakening cross rate is likely to continue into the near future.
Current Level: 0.4793
Resistance: 0.4900
Support: 0.4750
Last Weeks Range: 0.4830- 0.4880