Do you intend to exchange New Zealand dollars to pounds in the foreseeable future?
This might be because you're a British citizen living in New Zealand, making regular payments to the UK to send money to your family and friends.
Alternatively, this could be because you're a New Zealand business owner, making international payments to the UK to import British products, like Jaguar cars or Dyson vacuums.
Whatever the reason you're exchanging New Zealand dollars to pounds, you'll want to do so at a competitive exchange rate. This is because this will enable you to lift your British pounds sterling total in your UK bank account.
In turn, this would be a welcome financial boost for your family and friends in the UK, or make importing British goods to New Zealand more affordable.
So what can you do to get a competitive exchange rate for New Zealand dollars to pounds?
Well, we'll answer this question in the following article. In addition, we'll look at other things you might like to think about before you transfer money to the UK from New Zealand. These include:
Also, if you have any questions about how to exchange New Zealand dollars to pounds not covered in this article, feel free to Contact Us.
One of Pure FX's helpful currency dealers will get back to you as soon as possible, to answer your questions in straightforward English, and offer their guidance for your money transfer requirements.
1. How to Exchange New Zealand Dollars to Pounds at Competitive Rates.
We provide you with competitive exchange rates, because we're a foreign exchange specialist, established in Old Beaconsfield, Bucks in 2000. Since then, we've transferred money for thousands of clients around the world, both in the UK and New Zealand.
You'll know that your exchange rate with Pure FX is competitive, because we buy pounds in bulk, at discounted exchange rates. Then, when you exchange New Zealand dollars to pounds, we pass these discounted exchange rates onto you.
So you might get more British pounds sterling in your UK bank account, compared to if you'd tried to obtain better exchange rates for yourself.
In particular, it's worth comparing the exchange rate that Pure FX offers you with your local high street bank's. This is because, while you might ordinarily use your bank for your financial dealings, the banks know this.
So they may take advantage of their privileged position to offer worse exchange rates. By comparison, with Pure FX, you could receive a notably higher pound sterling total. You can read more about Pure FX on our About Us page.
2. How to Ensure Your Money Is Safeguarded in Designated Client Accounts for Your Transfer.
To make sure that your money is safeguarded in designated client accounts when you transfer money to the UK, use a company that's authorised by the UK's Financial Conduct Authority (FCA).
This is because an FCA-authorised company will adhere to all the UK's legal requirements to transfer money, such as separating the company's funds from clients' funds, to give you confidence.
You'll be pleased to hear that Pure FX is authorised by the FCA, as a trading name of Foreign Currency Direct, as an Electronic Money Institution (Firm Reference Number 902022).
For your peace of mind, you can check Pure FX's entry on the FCA's register of UK payment institutions here.
3. How to Find Out Your Money Transfer Company's Reviews from Existing Clients.
To find out your money transfer company's reviews from existing clients, check independent reviews platforms like Feefo. Here, you'll be able to read what experiences your currency brokers' clients have had, such as:
To date, Pure FX has received over 800 excellent reviews from our existing clients on Feefo. Also, we've won Feefo's "Gold Trusted Service" award for our outstanding service for the last three consecutive years, in 2016, 2017 and 2018.
To see what Pure FX's existing clients have to say about our service, you can visit our Feefo page here.
4. How to Stay Up-to-Date with The Value of The New Zealand Dollar Against The Pound.
There are three ways to stay up-to-date with the value of the New Zealand against the pound. These are:
A. Visit Pure FX's Rates & Tools page.
Here, select 'NZD' (New Zealand Dollar) to 'GBP' (Great British Pound). This will show you the interbank exchange rate for the last week.
This way, you'll quickly see when the New Zealand dollar is rising in value versus the pound. This can help you to decide when it's a convenient time to exchange your New Zealand dollars to pounds, to the UK.
B. Check our NZD to GBP Exchange Rate Updates page.
Here, click on the latest article. You'll see when the New Zealand dollar has strengthened versus British sterling, and some of the influential reasons why.
Again, once you know what's affecting the exchange rate, and what might influence the value of the NZD versus the GBP in future, you can decide when to transfer your money.
C. Speak to your Pure FX currency dealer.
They will have years of experience helping clients to transfer money, and can quickly tell you what's affecting the exchange rate.
Also, if you have a target exchange rate in mind, your currency dealer can tell you if this exchange rate is realistic. They can send you a rate alert, as soon as you target exchange rate becomes available too.
5. How to Make Sure That Your Money Arrives in The UK Same-Day, if You Need It to.
To ensure that your money arrives in the UK same-day, if you need it to, you can request what's called a Priority International Transfer. These cost £15 for amounts under £50,000, or currency equivalent, and are free for transfers over these amounts.
A Priority International Transfer ensures that your money arrives as fast as possible. Otherwise, your money will typically arrive in a few working days.
I hope that you’ve found this article helpful. As I mention, if you have any questions about how to exchange New Zealand dollars to pounds, please Contact Us. We’ll be delighted to help.