GBP/NZD

GBP/NZD CFD is a product offered by OANDA, and is based on a currency pair that represents the value of the British Pound against the New Zealand Dollar.  

The British Pound, the currency issued in the United Kingdom, is one of the four major currencies. According to the 2022 BIS Triennial Central Bank Survey, the British Pound ranks fourth in trading volume, following the Japanese yen.  

The New Zealand Dollar, issued in New Zealand, is heavily influenced by commodity prices, particularly dairy and agricultural exports.

Both the United Kingdom and New Zealand have trade relationships, and their currencies can be influenced by global economic factors. The GBP/NZD currency pair will be influenced by the relative economic performance and monetary policies of the United Kingdom and New Zealand, and also the commodity markets.