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Currency Pair GBPNZD

GBPNZD | Forex | Pairs Major

The British pound (GBP, Sterling, Cable) is the fourth most traded world currency. Issuer - Bank of England.

• Characterized by a relatively high value compared to other major currencies.
• Often used as a reserve currency.

The New Zealand dollar (NZD, “Qiwi”) is the 10th most traded world currency. Issuer - Reserve Bank of New Zealand.

• Often used in trading - New Zealand tends to have high interest rates.
• Depends on the export of goods, in particular on food trade.

Dynamics of the Pound to New Zealand Dollar exchange rate

date	Opening price	Maximum	Minimum	Closing price	Change %
2019-07-05	1.87925	1.89139	1.87856	1.88950	0.55
2019-07-04	1.87503	1.88367	1.87248	1.87923	0.22
2019-07-03	1.88569	1.88697	1.87024	1.87524	0.56
2019-07-02	1.89363	1.89597	1.88548	1.88574	0.42
2019-07-01	1.88848	1.89523	1.88242	1.89363	0.21
2019-06-28	1.89065	1.89506	1.88710	1.88967	0.05
2019-06-27	1.89940	1.90201	1.88910	1.89061	0.48
2019-06-26	1.91176	1.91739	1.89457	1.89957	0.65
2019-06-25	1.92289	1.92462	1.90800	1.91181	0.58
2019-06-24	1.93272	1.93380	1.92017	1.92285	0.58
2019-06-21	1.92924	1.93534	1.92432	1.93399	0.25
2019-06-20	1.93312	1.93477	1.92199	1.92927	0.2
2019-06-19	1.92260	1.93710	1.92046	1.93311	0.56
2019-06-18	1.92911	1.93041	1.91796	1.92247	0.35
2019-06-17	1.93666	1.93908	1.92853	1.92908	0.46
2019-06-14	1.92895	1.94080	1.92823	1.93786	0.47
2019-06-13	1.92926	1.93522	1.92643	1.92893	0.02
2019-06-12	1.93212	1.93924	1.92730	1.92921	0.16
2019-06-11	1.91878	1.93386	1.91829	1.93212	0.69
2019-06-10	1.91193	1.92176	1.90949	1.91885	0.41
2019-06-07	1.91594	1.92136	1.90784	1.91111	0.26

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The GBP/NZD quote shows the exchange rate of the British pound to the New Zealand dollar. This currency pair became part of the Forex market relatively recently, only in 2010. Despite the fact that both currencies, its components, are global and traditional for the currency exchange, the quotation is considered exotic and is not very popular. On the one hand, it is quite difficult to predict its rate for the next week or month; there is no trend movement on the daily charts, the price moves erratically. But on the other hand, such features create great opportunity earnings for professional scalpers. So, by trading intraday, you can enter the market several times a day and make money on each change in the intraday trend. For reference, sometimes these shifts occur more than 5 times a day. The high volatility of the quote also plays into the hands of scalpers. This allows you to earn more than 50 points on each position, when on average volatility charts it is possible to extract only 20-30 points of profit from one order opened for a couple of hours. The quote rate increases when the value of the pound increases or the price of the dollar decreases, and also decreases when the pound falls or the New Zealand dollar rises.

Quote specifications!

What strategies can be used to predict the exchange rate of the British pound to the New Zealand dollar?

1. The best option for professionals would be high-precision, which combines the principles of indicator and non-indicator (visual) analysis. Almost every strategy signal turns out to be correct, because the probability of success is approximately 99%. For this reason, we can slightly violate the rules of money management described in the article. The profitability of the algorithm averages 200-300% of the initial deposit per month at normal volatility quotes. You can earn more on the GBP/NZD pair if you enter on all the signals that the system gives, and also apply the principle of entering with 2 orders. The last rule allows you not only to make money on the entire movement of the predicted trend, but also to significantly reduce your risks.

The rules of the Merger trading system are quite complex; the strategy is intended for experienced traders, not beginners. Despite the fact that in my practice there have been cases when beginners began to trade profitably, I still recommend that the latter take their first steps using a different strategy and on a different currency pair. At the same time, you will have the opportunity to start your trading career in a relaxed manner, avoid many psychological problems, and also earn money without much difficulty from the very first day. Of course, you shouldn’t expect a 300% profit, but you can earn your 60-70% quite easily. As soon as you gain experience, you can safely take a new strategy, more complex and professional, and also switch to a quote with high volatility, such as GBP/NZD.

1. Another option for professionals is a no-indicator strategy, which is currently quite popular on the Internet. The problem is that not everywhere you can find a good description of the rules of the system, and training from its author is quite expensive. For this reason, I created step-by-step instructions for the Sniper vehicle, which you can study at the link above. There you will find both basic rules of the trading strategy and additional ones, with which you can earn up to 200% per month.

The rules of the system, as in the case of the previous one, are quite complex, but they do not have to be applied together. So, there is a simplified version of the vehicle intended for beginners -. It is based on one of the key components of Sniper - the so-called Consolidation Zones. If you work on several quotes at once, which does not take much of your time, you can earn up to 100% of the initial deposit per month. And the most important thing is that the rules are so simple that they are accessible to absolutely everyone. Apply the principle of entering 3 orders, place StopLosses and TakeProfits correctly - and you will have a guaranteed and stable profit.

1. An easier option for trading the GBP/NZD pair is . The strategy is intended for beginners and includes only 2 indicators. With their help, you can make money both on new trends and on corrections from the trend. The accuracy of the TS is quite low - only 6 correct signals out of 10, but what makes it profitable is the fact that the profit in case of success is 3 times greater than the loss in case of failure. All this is achieved through proper placement of StopLoss and TakeProfit, so you should pay special attention to this point. You can study the step-by-step instructions for the strategy using the link provided above.

1. If you are a beginner, but still want to try your hand at trading the GBP/NZD pair, you can work on a binary options exchange rather than Forex. Working with options is considered much easier than working with currencies on Forex, and the volatility of the quote has no meaning and does not affect profitability. I recommend using it here, which allows you to make money on chart corrections from support and resistance levels. The price on the GBP/NZD quote fluctuates quite often within the channel, bouncing several times from strong levels, which can be easily determined visually by following the instructions in step by step instructions via the link above. On each rebound, you can buy the corresponding option and make money.

Key features of the GBP/NZD pair:

1. The British pound to New Zealand dollar exchange rate is most active during the Pacific trading session. The quote moves a little weaker during the European session, but during the American session it slows down greatly, sometimes falling into a long flat (losing direction). It is best to engage in scalping in the morning, or, if you are comfortable working this way, at night. You can also make a decent profit in the first half of the day, but from 13:00 Moscow time the activity of European traders drops, and the volatility of the chart decreases significantly.

1. I recommend working with the GBP/NZD quote either using scalping methods or using ultra-long-term trading. In the first case, you open and close transactions within one day, without leaving them until the next day, and in the second, you keep the position open for more than 3 months. Why is this so? The fact is that, as I said earlier, the price on the daily timeframe (it is used for long-term trading) moves erratically and rarely has a definite trend. The same applies to charts H1 and H4, which are used for medium-term trading. Of course, with due persistence, you can earn money in the long term, but such work is quite uncomfortable due to the constant risk of a sharp change in trend. If you want to keep a position open from a week to a month, trade on a different currency pair.

Scalpers feel great on the GBP/NZD chart, because they have the opportunity to open up to 10 positions daily. At the same time, you can use all entry signals and get maximum profit, or you can work only 3-4 hours a day, open and close several positions, and then rest. In this case, your profit will be approximately the same as if you worked on quotes with average volatility. The only difference is that on the GBP/NZD pair a few hours are enough to trade, while on the same euro-dollar you have to monitor the terminal all day.

1. New Zealand is an agricultural country whose main export is grown food. Its economy directly depends on the prices of these goods, just like the national currency. So, if the average cost of agricultural products is commodity exchange fell relative to last year, then the NZD exchange rate will fall. As a result, the GBP/NZD chart will begin to grow, because the relationship between it and the price of the New Zealand dollar is inversely proportional. At the same time, we need to open buy positions.

1. The agricultural sector is greatly influenced by the weather. So, if severe frosts or heat are expected, the harvest may deteriorate. Thus, to predict the movement of the New Zealand dollar, a simple viewing of the long-term weather forecast for a given region is sufficient. If unfavorable weather conditions for agriculture are expected in the future, the NZD price will fall, and the GBP/NZD chart will rise. Moreover, the main advantage of this method of analysis is that few people use it. If the weather forecast is unfavorable, the exchange rate will not react immediately, but only when the weather spoils the New Zealand economy. You will have time to calculate everything in detail and enter the market.

1. The UK and New Zealand are not the only countries that influence the GBP/NZD quote rate. The British economy is closely linked to the economies of other leading EU members, and the New Zealand economy is closely linked to Australia. Thus, we get the following features:

• When the euro exchange rate increases, the British pound exchange rate also rises. The GBP/NZD chart is going up, and we should open buy positions.
• When the rate increases Australian dollar- the price of the New Zealand dollar also rises, the GBP/NZD chart goes down, we need to open sell positions.

In addition, we can analyze important economic indicators for countries such as Germany, France, Italy and Australia. So, if Germany’s GDP has increased compared to last year, the British pound exchange rate is likely to react to this with positive dynamics. The same is the case with Australia. If the inflation rate in a country has increased, it means that the AUD exchange rate has dropped. Most likely, NZD will follow. At the same time, our quote will rise, we need to open buy positions. You can monitor these indicators using.

There is a correlation phenomenon between the GBP/NZD and GBP/AUD charts. To put it simply, quotes literally copy each other due to the similarity between the New Zealand and Australian dollars. If you are not sure about any strategy signal on the GBP/NZD currency pair, you can look for the same signal on the second quote. If you find it, it means you can safely enter the market, and the likelihood of success increases by an order of magnitude.

1. The volatility of the currency pair, as I already said, is quite high. On average, the chart can move 300-400 points per day. On the one hand, this creates additional opportunities for earning money, but on the other hand, it increases risks. Quite often the price makes sharp, unpredictable impulses in different directions and changes direction for no apparent reason. To insure yourself against all these risks, you must strictly follow the rules trading system and place StopLosses as specified by these rules. Each strategy described on this portal contains instructions on the correct placement of Stops. If you follow them, serious losses will be avoided, and your profit will exceed your losses many times over.

Fundamental analysis of the GBP/NZD quote:

I recommend using fundamental analysis only for ultra-long-term trading, if you are going to keep a deal open for more than 3 months. At the same time, it is often unclear to novice traders in which direction to open a position and what factors to analyze. To help beginners, I will now list the main events that make the chart move in one direction or another.

You should buy GBP/NZD when:

• Britain's GDP increased relative to the previous value;
• New Zealand's GDP declined;
• The interest rate of the central bank of Britain increased or decreased for New Zealand;
• The level of inflation or unemployment for New Zealand has increased;
• The rate of inflation or unemployment has fallen for Britain;
• The exchange rate of the euro has increased or the value of the Australian dollar has decreased;
• Prices for agricultural products fell on the commodity exchange;
• Unfavorable agricultural weather conditions expected in New Zealand;
• Export levels fell for New Zealand, or increased for Britain;
• New Zealand has experienced severe natural disasters causing significant damage.

Exactly the same factors, only in an “upside down” form, contribute to a decrease in the quote rate. Let me remind you once again that you should open a position for a period of 3 months or longer; medium- or long-term trading on daily charts on the GBP/NZD pair is highly not recommended. The only exception is recent natural disasters. At the same time, with a high probability, the price will move against the currency in the country in which the disaster occurred. Moreover, this movement is usually short-lived; we should close the position two weeks after opening. In other cases, we hold the order for more than 3 months.

On to completion!

So, let's summarize all of the above. The GBP/NZD currency pair is perfect for professional scalpers who open and close trades within one day. You can also trade using ultra-long-term methods on the chart, holding a position for at least 3 months. Long-term and medium-term trading is not recommended due to the unpredictability of the chart on the H1 – D1 time frames. When conducting fundamental analysis, special attention should be paid to prices for agricultural products, as well as long-term weather forecasts, because weather conditions can have a significant impact on the economies of agricultural countries. It is also important to remember the relationship between the pound and the euro, as well as between NZD and AUD. The volatility of the currency pair is quite high, so it will be difficult for beginners to work on it. For the latter, I advise you to look for a calmer quote, take your first steps there, and only then, as you gain experience, move on to more volatile currency pairs.

Where will the British pound versus New Zealand dollar exchange rate go next? If you look at the chart above, you can see how the price breaks through the important resistance level 2.2. The signal is quite unclear, because... We can only look at the history of quote movements since 2010. However, I still recommend opening a buy position, because the GBP/AUD chart, with which our quote is correlated, gave the same entry signal, but more clear. The position should be kept open for 6 months or longer

Happy trading on GBP/NZD everyone!

Sincerely yours, Viktor Samoilov!

the ratio of the British pound to the New Zealand dollar, showing how many New Zealand dollars you need to pay for one British pound

The concept of the GBP/NZD currency pair, components of the GBP/NZD currency pair, the economies of the countries holding the GBP/NZD currency pair, volatility and correlation of the GBP/NZD currency pair, charts, analysis and features of trading on the GBP/NZD currency pair

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Currency pair GBP/NZD - this is the definition

The GBP/NZD currency pair is rate consisting of two currencies: British pound And New Zealand dollar. Exchange rate quote currencies GBP/NZD shows how much New Zealand dollars need to pay to buy one British pound. The British pound is British currency. This currency is considered one of the most stable in the world, as is the UK economy. Currency New Zealand dollar is the official currency of New Zealand, an agricultural country. Currency pair GBP/NZD is not very popular in the Forex market, especially among beginners.

The GBP/NZD currency pair is Russian exchange rate against the US dollar. Although the US dollar is not clearly present in this currency pair, it still has a significant influence on it. This can be seen if you combine two NZD charts - USD and GBPUSD. By combining these two price charts in one, you can get an approximate chart GBPNZD. The United States dollar has a significant impact on both english pound, and on New Zealand dollar, therefore, when predicting the further course of the price for a given financial instrument, it is necessary, among other things, to take into account the main economic indicators of the United States. These indicators include: discount rate, GDP level, unemployment rate, opening of new jobs and many others.

The GBP/NZD currency pair is attitude English pound To New Zealand dollar in the Forex currency market.

The GBP/NZD currency pair is an instrument that requires taking into account many features of the New Zealand economy when trading, such as GDP, discount rate, business activity, level of trade with other countries and many others. New Zealand is the world's largest producer of sheep's wool and wool products. Therefore, a given country needs detailed data on this indicator of its economy.

The GBP/NZD currency pair is a kind of indicator of the rate of exchange rate change British pound And New Zealand dollar. When making a forecast of further price movements for a given financial instrument, a trader needs to pay special attention to changes in the exchange rate of the United States dollar, since it has a very large impact on both considered in this currency pair currencies. It should be noted that the currencies in question may respond to exchange rate changes at different speeds American dollar.

The GBP/NZD currency pair is currency pair forex market, which has parallel growth with currency pair GBP / USD and the fall in the exchange rate when the price rises currency pair EUR - GBP.

The GBP/NZD currency pair is currency pair english pound And New Zealand dollar. The quotation means that British pounds are bought for New Zealand dollars, that is, what quantity New Zealand dollars need to pay for 1 British pound.

The GBP/NZD currency pair is pair British pound - New Zealand dollar. Due to the high cost British pound worldwide, the cost of one lot on Forex is about 150,000 United States dollars. Today the cost of one British pound sterling is 1.5003. This is a standard four-digit quote, that is, after the decimal point there are 4 more digits. Sometimes you can see 5 decimal places in terminals; brokers do this by adding tick movement.

The GBP/NZD currency pair is a pair of the international Forex currency market, when trading which it is worth taking into account the events taking place in each country. When trading the pair, it is worth taking into account New Zealand's economic indicators: GDP, discount rate, business activity, level of trade with other countries. Important economic indicator affecting the exchange rate New Zealand dollar is that the country is the world's largest producer of sheep wool.

The GBP/NZD currency pair is currency pair English Pound Sterling/New Zealand Dollar, which is well suited for those who know well economic calendar and developed a news trading strategy. In this case, it is worth focusing most on the internal indicators of each country, namely, the unemployment rate and the interest rate.

Components of the GBP/NZD currency pair

Pound sterling, pound, British pound is a monetary unit that is: the national currency of the United Kingdom and Northern Ireland (Britain), including England, Scotland, Wales and Northern Ireland; parallel currency of the crown lands of Guernsey, Jersey and the Isle of Man; legal tender for the British Overseas Territories: Falkland Islands, Gibraltar, Saint Helena, Ascension and Tristan da Cunha.

The pound sterling is divided into 100 pence. The symbol is Ј (from the Latin Libra - libra, equivalent to a pound). The ISO 4217 code is GBP (from the English Great Britain Pound), and the outdated abbreviation UKL (Foggy Albion Libra) is also sometimes used. Banknotes in circulation are 5, 10, 20, 50 pounds; coins of 1, 2, 5, 10, 20, 50 pence, 1 and 2 pounds. 25 pence and 5 pound coins are rare. Banks in individual territories within the UK (three banks in Scotland, four banks in Northern Ireland) issue banknotes with their own designs.

The history of the New Zealand dollar is quite short: it first appeared on the market in 1933, partially replacing the previously in circulation British pound sterling as the official currency. In 1967, it completely forced the English currency out of circulation. The name “New Zealand dollar” was chosen as a sign of independence from Britain, following the example of Australia and South Africa. The initial exchange rate was fixed at 1.39 United States dollars to 1 New Zealand dollar. At the moment, the value of the exchange rate has changed significantly due to the occurrence of such fundamental events as the devaluation of the pound sterling and the abandonment of the USD peg to gold.

British pound in GBP/NZD currency pair

The pound sterling (denoted by the sign Ј, or the English Pound Sterling) is The national currency of the United Kingdom of England and Northern Ireland. One pound is equal to 100 pence. In addition to Britain, the pound sterling is used as legal tender in the crown possessions of the United Kingdom of Great Britain - the Isle of Man, the Channel Islands, and most overseas territories. Although England is a member of the European Union, the country's authorities have not made a decision to switch to the euro.

The pound sterling is freely convertible currency, included in the list CLS (Continuous Linked Settlement - a system of linked continuous settlements) is an international system for making settlements on conversion transactions, operating for member countries of the International Monetary Fund. The pound sterling is unofficially recognized as a key reserve currency along with the US dollar, euro, Swiss currency and Japanese currency. In terms of volume of use in international trade transactions and share in the gold and foreign exchange reserves of the leading world powers, the pound sterling ranks third among the key reserve currencies - after the American dollar and the euro. According to experts, in 2009 the share of the pound sterling in the total volume of gold and foreign exchange reserves of the leading world powers amounted to more than 4%.

Money issue pound sterling is carried out by the Central Bank of Great Britain (Bank of England), as well as five banks of administrative units of England - the Royal Bank of Scotland (The Royal Bank of Scotland Plc), three banks of Northern Ireland and the Bank of the Island of Jersey. Moreover, banknotes issued by different banks differ in design. The coins are minted by the Royal British Mint. In circulation there are banknotes in denominations of 50, 10, 20, 5 pounds, coins in denominations of £2 and £1, 50 pence, 20 pence, 10 pence, 5 pence, 2 pence and 1 penny.

British pound 2008

The exchange rate of the pound sterling in relation to other currencies is determined during the bidding process at the international international foreign exchange market Forex depending on supply and demand. This method of determining the exchange rate is called free conversion. The decision to freely convert currencies was made by the member countries of the International Monetary Fund in the mid-seventies of the 20th century as one of the fundamental arguments of the Jamaican monetary system. Its feature is freely floating exchange rates, the value of which is set depending on supply and demand in the Forex market.

The pound sterling was in circulation in the form of a silver coin from the 12th to the 19th centuries, a gold coin from the 14th century, and banknotes from 1694. Since the pound sterling is one of the currencies with the longest history, the exact origin of its name is unknown. It is believed that the concept of “pound sterling” arose in the second half of the 12th century. According to the Oxford English Dictionary, silver coins were minted with stars (Old English: steorling), hence the name of the British currency. According to another version, the English king Henry II introduced into circulation coins made of a durable silver alloy, which was used for minting coins in one of the regions of the northern Republic of Germany. In Great Britain, German coins were called "Easterling argentum" (silver from the eastern lands). According to the standard, 240 sterling should have weighed one tower pound (about 350 grams) or one troy pound (about 373.24 grams).

In 1489-1553, gold coins in denominations of one pound sterling were first minted under the name sovereign, since the image of the sovereign, King Henry VII, was minted on the obverse. Since 1663, the guinea, equal to 21 shillings, has become the main currency of Britain. The first coin of this denomination was minted in 1663 from gold brought from Guinea, where its name came from. In 1817 as the main monetary unit the sovereign was restored.

Growth of the British pound

Until 1971, England's monetary system was one of the most complex in the world. One pound sterling was 4 crowns or 20 shillings, or 60 grouts, or 240 pence. One crown was equal to 5 shillings, one half-crown was 2.5 shillings. One florin was equal to 2 shillings. One shilling was 3 grouts, one grout was 4 pence. One penny was equal to 2 halfpennies or 4 farthings. In addition, the guinea, equal to 21 shillings or 252 pence, was also used as a unit of account. Such a confusing system made financial calculations difficult, and in February 1971, monetary calculation in Britain was brought to the decimal system. One pound became equal to 100 pence. Until 1982, coins of the new type were minted with the inscription “New pence (penny)”.

The pound sterling became the world's first global reserve currency. In the 18th and 19th centuries, Britain occupied a leading economic position in the world, and most countries used the pound sterling for payments in international trade and banking. The pound sterling was in circulation throughout almost the entire vast territory of the British colonies in North and Latin America, Australia and Oceania, Africa and Asia. In some colonies the pound sterling was used as legal tender alongside local currencies such as Canada, and it was quite common to use the pound sterling as its own currency - thus the Australian, British West African, Fijian, Irish, Jamaican, New Zealand, South African and Southern Rhodesian currencies. pounds.

After World War II, the difficult economic situation of England against the backdrop of increasing economic influence of the United States led to the pound sterling losing its position as the world's leading reserve currency to the American dollar. However, England retains its status as a world center to this day. financial services.

British pound after World War II

From 1844 to 1914, paper pounds sterling were 100% backed by gold under the Robert Peel Act. During the First World War, the volume of banknotes in circulation increased from £35 million to £399 million, and in 1920 reached £555 million. This led to a high level of inflation and made it impossible to maintain the “gold standard”. In 1929, an attempt was made in Britain to restore the “gold standard”, but the world economic crisis 1929-1933 again forced the British government to refuse the exchange paper money for gold at par.

In 1944, at the Bretton Woods Conference, new arguments for the international system of organizing monetary relations and trade settlements were approved. The fundamental argument of the Bretton Woods system was the peg of the key currency - the United States dollar - to gold and the fixed exchange rates of the countries participating in the system to the United States dollar. Thus, the British pound was again pegged to gold. In 1949, the exchange rate of the pound sterling against the United States dollar was Ј1:$2.8. In the mid-1970s, the Bretton Woods system was replaced by the Jamaican Monetary System. Instead of the gold standard, the argument of free conversion began to operate, when the value of the exchange rate is set depending on supply and demand in the Forex currency markets. Since 1972, the pound sterling exchange rate has been floating.

The pound sterling is the most valuable currency in the world. In 1940, the pound sterling to US dollar ratio was £1:$4.03. By 1976, the pound had fallen to £1:$1.57. From this point on, the value of one pound sterling is approximately one and a half United States dollars. The historical minimum against the US dollar was reached in 1985 - Ј1:$1.0463.

The pound sterling ranks fourth in the list of the eight most popular currencies traded on the Forex market. Sharp fluctuations in the exchange rate of the pound sterling against other currencies on Forex make it the object of increased attention of currency traders, especially those focused on short-term transactions, as they allow them to make high profits in a short period of time. Due to its high yield, the pound sterling is considered one of the most attractive currencies for playing on interest rate differences (carry trades). The main influence on the movement of the pound sterling is exerted by the macroeconomic indicators of England; on their basis, its direction can be predicted.

Since the dynamics of the key interest rate of the Central Bank of England exceeds the dynamics of the US base rate, the British currency tends to strengthen against the United States dollar. According to Maxiforex, the average daily movement range of the pound sterling reaches 350-400 points of the daily movement of currencies.

New Zealand dollar in GBP/NZD currency pair

The New Zealand dollar is The national currency of New Zealand, the islands of Niue, Tokelau, Pitcairn and the Cook Islands. One New Zealand dollar is equal to 100 cents. New Zealand dollars have a slang name - "kiwi", as the one-dollar coins depict the kiwi bird, one of the national symbols of New Zealand. The New Zealand dollar is a freely convertible currency, included in the CLS list (Continuous Linked Settlement - a system of linked continuous settlements) - this is an international system for making settlements on conversion transactions, operating for member countries of the International Monetary Fund (IMF).

The issue of the New Zealand dollar is controlled by the Reserve Bank of New Zealand. Banknotes are printed subsidiary company Reserve Bank of Australia Note Printing Australia (NPA). Coins are minted primarily by the Royal British Mint and the Royal Canadian Mint. In circulation there are banknotes in denominations of 5, 10, 20, 50 and 100 dollars, coins in denominations of 10, 20 and 50 cents, 1 and 2 dollars. Since 1999, all banknotes in New Zealand have been made from a polymer material.

The exchange rate of the national currency of New Zealand in relation to other currencies is set during trading on the international Forex currency market, depending on supply and demand. This method of determining the exchange rate is called free conversion. The decision to freely convert currencies was made by member countries of the International Monetary Fund (IMF) in the mid-seventies of the 20th century as one of the fundamental proofs of the Jamaican monetary system. Its feature is freely floating exchange rates, the value of which is set depending on supply and demand on the Forex currency market.

Until 1840, New Zealand did not have a unified monetary system; the currency of the mother country, Great Britain, was in circulation, as well as banknotes of other countries. Since 1897, the pound sterling has been officially recognized as New Zealand's legal tender. In addition, six private banks were empowered to issue their own banknotes. In 1907, New Zealand received the status of dominion of England, and the New Zealand pound was introduced into circulation, which continued to be issued by private banks. Per sample new currency the British monetary system was taken with the pound as the main monetary unit, divided into 20 shillings, which in turn were divided into 12 pence.

New Zealand dollar rises amid US dollar decline

In 1930 the Reserve Bank of New Zealand was declared central bank countries with exclusive powers to issue national currency. In 1934, the Reserve Bank of New Zealand issued the first series of New Zealand pound banknotes (the minting of coins was controlled by the New Zealand Treasury until 1989). Since 1935, British banknotes have ceased to be circulated in New Zealand.

New Zealand switched to decimalization in 1967 monetary system, the New Zealand dollar was introduced into circulation, which was divided into one hundred cents. The exchange of old banknotes for new ones was carried out at the rate of 1:2. The New Zealand dollar was initially pegged to the US dollar at a rate of 1 New Zealand dollar to $1.39 on the gold standard. After this, the exchange rate of New Zealand's national currency fluctuated due to the devaluation of the US dollar and the crisis in the economy. The New Zealand authorities used various mechanisms to control the exchange rate of the national currency, until in 1973, instead of a sliding peg, America was pegged to the US dollar. exchange rate New Zealand to a basket of currencies of major trading partners (TWI index). In 1985, New Zealand's floating exchange rate was introduced, which by this time had fallen against the United States dollar to 1:0.44.

The New Zealand dollar is one of the eight most popular currencies traded on the international Forex currency market. The New Zealand dollar is classified as a high-yielding commodity currency, so its movement is characterized by a high correlation with gold and oil. Since Australia is New Zealand's largest trading partner, the exchange rate of the New Zealand currency is influenced by the dynamics of the Australian dollar and Australia's macroeconomic indicators. At the same time, the movement of the New Zealand national currency is highly dependent on US macroeconomic indicators, as well as the difference in base interest rates between New Zealand and the United States.

It should be borne in mind that the monetary policy of the New Zealand Central Bank is aimed against excessive strengthening of the national currency to support exports. Although the New Zealand dollar is sensitive to New Zealand's own macroeconomic statistics, official data is disclosed relatively rarely - only quarterly and annual reports are made public. This makes it easier to predict the exchange rate of New Zealand's national currency. Due to its high yield, the New Zealand dollar is considered one of the most attractive currencies for playing on interest rate differences (carry trades).

New Zealand dollar growth

NZD is the 10th most traded currency in the world. The historical minimum of the New Zealand currency against the US dollar was recorded on November 22, 2000: $0.3922 per 1 New Zealand dollar, the historical maximum was recorded on July 22, 2011: $0.8666 per 1 New Zealand dollar.

Economy of countries holding the GBP/NZD currency pair

England(full official form - United Kingdom of Great Britain and Northern Ireland (Foggy Albion and Northern Ireland, in English usually shortened to "Great Britain" - "United Kingdom")) - This island state in northwestern Europe. Britain is one of the largest states in Europe, a nuclear power, and a permanent member of the UN Security Council. Heir to the British Empire, the largest in history, which existed in the 19th and early 20th centuries. England is considered the birthplace of modern parliamentary democracy.

England's economy is The 8th world economy in terms of GDP in PPP terms (as of 2012). The UK accounts for 10% of the world's exports of services - banking, insurance, brokerage, consulting, and computer programming. Britain imports 6 times more manufactured goods than raw materials. Britain's most significant exporter is the United States. Seven of the ten leading suppliers of goods to England are European Union countries. The main components of the state economic policy England, aimed at building a sustainable economy and public welfare, are reflected in the country's main financial plan.

The London Business School's 2001 Global Entrepreneurship Survey showed the state of entrepreneurship in 29 countries. New Zealand was among the leaders, ranking second in the world and ahead of other developed countries, including the United States, which was in seventh place. For comparison, we note that Russia occupies 23rd place in this list. All other parameters of New Zealand are also quite good - one and a half hundred years of political stability, a healthy economy and a developed business infrastructure.

New Zealand is a country that pays great attention to foreign trade and international economic cooperation. According to various estimates, at least 20% of products produced in the country are intended for export. The main export sectors of the country's economy are traditionally considered to be agriculture, production and processing of seafood, forestry and wood processing industries. These industries account for more than half of the country's export earnings. Dairy products account for at least 18% of total exports, wool accounts for at least 14% of exports and forestry and timber products account for at least 4% of New Zealand's total exports.

UK economy

England is one of the seven world economic developed countries. It has deposits of black gold and gas extracted from the North Sea, coal and limestone. Land areas suitable for agriculture make up 77% of Britain's territory. The country's labor resources include highly qualified workers and prominent scientists. Over the past 20 years, the following transformations have been carried out in the English economy: the public sector has been reduced (such giants of the English economy as British Telecom, British Coal have been sold), tax rates from individuals and legal entities persons, economic deregulation was carried out (with a simultaneous reduction in government spending).

Extractive industries play an important role in English industry. But it should be noted that with the simultaneous closure of mines, oil and gas production is increasing on the continental shelf of the North Sea. Earth oil is extracted using the most advanced drilling technologies on drilling platforms. British Petroleum and the Anglo-Dutch company Royal Dutch/Shell are among the leaders in their market segment. In the manufacturing industry, the following sectors have priority:

England controls the whole world

Transport engineering (12.4% of the entire index industrial production), where the automotive industry (national companies and branches of foreign companies Rover, Ford, Jaguar, Vauxhall, Pegeout-Talbot, Honda, Nissan, Toyota), shipbuilding (including the production of ship equipment and the construction of drilling platforms), the aerospace industry is the third in world after the USA and France, producing civil and military aircraft (British Aerospace, Harrier, Tornado, euro fighter), Sea King and Linko helicopters, Rolls-Royce aircraft engines, equipment for the European concern Airbus industry;

Food industry (12.5% ​​of total production), including the production of the famous Scotch whiskey, gin and milk;

General engineering: production of agricultural machinery and machine tools, including the production of textile machinery (Britain is the seventh largest manufacturer of machine tools in the world);

Electronics and electrical engineering: computers (including manufacturers such as IBM and Compaq); software; processors and supercomputers; telecommunications means (fiber optics, radars, etc.); medical equipment; Appliances;

Chemical industry (11% of total production): pharmaceuticals (Britain is the world's fourth largest drug manufacturer); agrochemistry; perfumery; new materials and biotechnologies;

Metal production (10.8% of total production).

Development modern industry Britain is determined by the level of development of high technology. England has the highest scientific and technical potential in Europe. Britain ranks second in the world after the United States in terms of Nobel Prizes, obtained by its scientists. The most important discoveries of the British are the structure of DNA, superconductivity, radio astrophysics, cloning, the ozone hole, and computed tomography. England's world domination in electronics and telecommunications (British Telecom alone carries out about a thousand research discoveries per year), chemistry (pharmaceuticals, new materials, biotechnology), aerospace industry (Coneord aircraft, vertical take-off and landing aircraft, radars, tracking systems) is generally recognized for air traffic).

The British economy has accelerated

Expenditures on research discoveries amount to over 2% of GDP per year, including over 35% of all research discoveries financed by the state. The British construction industry has proven itself highly in the world. Worldwide recognition of the high quality of British buildings is the aphorism that Eurodisneyland near Paris, Olympic facilities in Atlanta, and the airport in Hong Kong were built by British companies.

The service sector is represented by industries such as finance and tourism. The financial services sector generates 25% of the country's GDP. It employs 12% of the country's labor reserves, and London is a global financial center, the financial capital of the planet. Among financial services it is worth highlighting banking activities(in addition to British banks, the 50 largest banks in the world are represented in London), insurance, derivatives market (futures, options, global depositary receipts), Bond market (Eurobonds), Forex currency market (operations with Eurocurrencies), financial leasing, trust transactions with foreign shares, operations with precious metals. In addition to London, major financial centers are Manchester, Cardiff, Liverpool, and Edinburgh. The second most important service sector is tourism; 7% of the working population is employed here, and annual income exceeds $8 billion. London is the largest tourist center in the world.

The private sector, represented by British Petroleum, Shell, British Gaz, British Oil, and Enterprise Oil, plays a large role in the country's energy sector. Britain's agriculture is highly commercial, and its share in the country's GDP is the smallest among developed countries, only the Federal Republic of Germany is smaller. Britain is only half self-sufficient in food. The main agricultural crops are wheat, oats, sugar beets, barley, wheat. The country's livestock production suffered significant damage due to an epidemic of spongiform encephalitis (“mad cow disease!”) that affected cattle. For safety reasons, one third of the cow population was destroyed

England, like all leading countries in the world, has a developed transport infrastructure. The opening of the Eurotunnel under the English Channel made Britain's connection with the continent even more stable. The country's successes in the development of civil aviation are indicative. British Airways is by far the world's largest airline (if you count its share of foreign and English holdings) and London Heathrow Airport is the world's largest aviation hub.

The country's largest ports: Aberdeen, Belfast, Bristol, Cardiff, Dover, Glasgow, Hull, Liverpool, London, Manchester, Plymouth, Peterhead, Scapa Flow, Southampton, Falmouth, Tees, Tyne. The English merchant fleet consists of 155 ships. Exports consist of: industrial goods, fuel, chemical products, food. Export geography: European Union countries - 56% (Germany - 12%, France - 10%, Netherlands - 8%), USA - 12%. Imports consisted of: industrial goods, engineering products, food. Import geography: European Union countries - 53% (Germany - 14%, France - 10%, the Netherlands - 7%, Ireland - 5%), USA - 13%.

Economy of New Zealand

New Zealand is a state in the southwestern Pacific Ocean, in Polynesia, located on two large islands (North Island and South Island) and a large number (approximately 700) adjacent smaller islands. The capital of the country is Wellington. New Zealand's population is approximately 4,443,900 (2012). The state is built on the aphorisms of a constitutional monarchy and parliamentary popular rule and is among the developed countries of the world.

While Europe bends under the weight of its debts, the island nation's economy is growing at an unprecedented pace. In just three months, GDP grew by one and a half percent - this is 0.2 percent higher than in the previous quarter. Real growth exceeded that predicted by the New Zealand Central Bank almost twice - banking analysts expected an indicator of 0.8 percent. The economic recovery following the devastating earthquake in the country's second city, Christchurch, in February 2011 has boosted demand for heavy equipment and consumer durables. Central Bank Governor Graham Wheeler said he intends to keep the check rate at a record low level of 2.5 percent until 2014 to stimulate further recovery in Christchurch.

Where has New Zealand shown the most growth? Firstly, in the timber industry - growth was nine percent. This is the biggest jump since 1999. True, production has decreased slightly. Construction volumes increased by 1.8 percent, retail trade - by 2.5 percent, mainly due to increased demand for furniture, appliances and used cars. Agriculture showed growth of 1.5 percent, even taking into account the fall in dairy production. Exports, which make up 30 percent of the economy, rose 0.9 percent, while imports fell two percent. After the announcement of economic growth, the New Zealand dollar increased noticeably against the American dollar - the rate is 82.62 to 100, whereas before that, 100 American dollars were exchanged for 82.27 New Zealand dollars.

Chief Economist for New Zealand at Westpac Banking Corp. Dominic Stephen, however, believes that the country will not see such a rate of economic growth in the next few quarters: the takeoff was, in some way, compensation for weak growth in mid-2012. By the end of the first half of 2013, growth will slow down - drought will make itself felt on the North Island, one of the two main islands of New Zealand. "Drought and rising exchange rates are the most big problems"- states Craig Ebert, senior economist at the Bank of New Zealand. Today, the entire island is suffering from drought - the worst in the last 30 years, including the Waikato province, the largest milk producer in the country.

This will cost the New Zealand economy US$1.7 billion as the island's recovery from the heat wave is slow. Farmers already say they have lost more than $800 million. Finance Minister Bill English warns that the effects of the drought will be long-lasting - milk prices will naturally rise. However, this will help compensate for some losses from production cuts.

New Zealand's economic growth

Milk powder prices, for example, are already at record highs, according to Fonterra Cooperative Group Ltd, the world's largest milk exporter. New Zealand's agricultural sector is doing so poorly that New Zealand's Agriculture Foundation chairman Derek Pratt has advised local farmers to "forget about this year and start thinking about next year." At the same time, the government does not leave farmers who work in the disaster zone without support and provides them with financial assistance.

According to New Zealand media, the drought began to spread further. A week ago, authorities allegedly declared an official drought in Region One of the South Island. Scientists believe that too dry weather is likely a harbinger of climate change that will occur in the country.

Concept of the GBP/NZD currency pair

New Zealand has long-standing economic ties with the UK, going back centuries. For this reason, between these countries there is still a high level trade, which is reflected in the exchange rates of the currencies of these countries.

The Best Currency Pairs for Forex Trading

The GBPNZD currency pair is a cross rate against the US dollar. Although the US dollar is not clearly present in this currency pair, it still has a significant influence on it. This can be seen if you combine two charts of NZDUSD and GBPUSD. By combining these two price charts into one, you can get an approximate GBPNZD chart. The US dollar has a significant influence on both the English pound and the New Zealand dollar, therefore, when predicting the further price movement of this financial instrument, it is necessary, among other things, to take into account the main economic indicators of the United States. These indicators include: discount rate, GDP level, unemployment rate, opening of new jobs and many others.

When trading the trading instrument described above, it is necessary to take into account many features of the New Zealand economy, such as GDP, discount rate, business activity, level of trade with other countries and many others. New Zealand is the largest producer of sheep wool and wool products in the world. Therefore, a given country needs detailed data on this indicator of its economy. It should be noted that New Zealand's economy is very dependent on its main partners - the United States, Australia and the countries of the Asia-Pacific region. For this reason, when compiling an analysis of further price movements for this instrument, it is also necessary to take into account many economic indicators of New Zealand’s main trading partners.

When forecasting further price movements for a given financial instrument, a trader needs to pay special attention to changes in the US dollar exchange rate, since it has a very large impact on both currencies considered in a given currency pair. It should be noted that the currencies in question can react at different speeds to changes in the US dollar exchange rate, therefore, the GBPNZD currency pair can be a kind of indicator of the rate of change in the exchange rate of these currencies.

Which currency pair is better to choose?

When trading cross rates, you must remember that brokers usually set a higher spread on them than on more popular currency pairs, so before you start working with cross rates, you should carefully familiarize yourself with the conditions that the broker offers for trading with specified financial instrument.

Volatility of the GBP/NZD currency pair

Volatility is range of fluctuations during a designated period (most often this is a day). Volatility directly determines a trader’s trading strategy. If these are highly volatile English pound - US dollar and GBP - JPY, then it is better to trade these instruments using a trading strategy designed for sudden and strong movements, otherwise we will lose the deposit. EUR - AUD and EUR/Canadian dollar are calmer, even calmer are the Euro / US Dollar, USD - CHF and USD - JPY pairs. Most traders use the latest pairs for trading, as well as the calmest EUR - GBP and EUR - CHF.

The main feature of all currency cross rates is high volatility. This quality attracts many traders to use them in trading, which allows them to get high profits, but do not forget that this same quality is often the reason for significant losses and rapid loss of deposits. Therefore, given the volatility of cross rates, the accuracy of entering the argument is extremely important when trading them. To do this, it is recommended to trade on small time frames, lasting 5-15 minutes.

It is also necessary to remember that if movements of 30-50 pips in the main currency pairs are considered to be trading noise, then for currency crosses, especially the yen, the magnitude of such a movement can be 100-150 points. That is, even if you correctly entered into faith, before it goes in your direction, the yen can accidentally move 100 - 150 points against your aphorism, and then turn around and go in the right direction, and such movements can occur in a very short period of time . That is, the strong volatility and speed of movement of yen crosses, with accurate entries, helps to obtain significant profits in a short period of time.

Currency pairs, their volatility and liquidity

Correlation of the GBP/NZD currency pair

The concept of correlation of currency pairs is often found in Forex trading, in simple language it means the relationship between the rates of the respective currencies. In practice, this is displayed as follows: when the price of one pair rises, at the same time the price of another pair rises or falls, and sometimes there is some time gap between these two indicators, which allows you to predict the movement of the trend and make a good profit.

Correlations in the Forex market

The correlation can be either parallel or mirror, depending on the currencies included in a particular pair. The statistical relationship is indicated by the corresponding coefficient, the value of which is in the range from -1 to +1. If currency pairs move in the same direction, almost in parallel, the coefficient value is +1, this indicates a simultaneous movement, which is 100%. If there is a mirror movement in different directions, this indicator takes the value -1. The closer the coefficient value is to 0, the less the relationship between the rates of the analyzed currency pairs.

The easiest way to determine the presence of a relationship is to simultaneously launch two or more charts in the trading terminal; you will immediately see all the patterns. There are also special formulas or technical calculators, when using which you just need to select the desired currency pair, and the program itself will display a list of available currencies with an indication of the coefficient. The main instruments that have a close relationship are: GBP/USD has a parallel growth with the GBP/NZD pair with a coefficient of 71.7 and an increase in the price of EUR/GBP causes a fall in the GBP/NZD rate with a coefficient of -94.5.

Active trading time for the GBP/NZD currency pair

Each currency pair has its own time when it is most active. Thus, for the British pound, US dollar and Euro-US dollar, we have maximum activity during the American and European trading sessions and minimal activity during the Asian one. It is better to trade any pair during the period of maximum activity, when most of the signals are true.

Forex trading sessions

A major advantage of Forex trading is the ability to trade twenty-four hours a day, all week long. However, the trading day consists of many different sessions: European, American and Asian - also known as the London, New York and Tokyo or Sydney sessions. This happens because there are no single exchanges in the international Forex market and different countries trade at different times. When a trader in London has finished trading for that day, traders in New York continue. When traders in New York have finished, traders in Sydney begin.

Each of these trading sessions is driven by a currently active economy, so each session has unique characteristics. There is not necessarily a “best” time to trade Forex. When certain countries open up for business, that country's currency and the currencies of their trading partners are likely to see increased trade volume. For example, during the Asian session, companies in Japan are open and will buy and sell currencies to do business with companies in other countries. Yen trading volume will increase due to exchanges with the home currencies of corporations with which Japanese firms do business.

When business opens in Europe, the euro will trade in large volumes due to European institutions trading with companies in other countries. At night, when these institutions are closed, they do not trade with companies outside Europe, so trading activity in the euro decreases. Thus, no matter what session is open, the countries trading at that moment are directly correlated with the currency being traded. This means that each trading session will differ slightly in the activity of certain currency pairs, market volume and volatility. For the EUR/New Zealand dollar currency pair, active trading times are observed during the European and Asian trading sessions.

American Forex trading session

European session 7.00-16.00 UTC: London is the largest and most important dealing center in the world. The volume of trading in shares in London, according to the Bank for International Settlements, is more than 30% of the world. Most trading terminals of large banks are located in London and due to the high liquidity and efficiency of the market, many investors prefer to work during the European session. The large number of participants and significant volumes of transactions make the London foreign exchange market the most volatile of all.

Forex trading activity in Asia is concentrated around a few large regional financial centers. During the Asian session, the largest number of transactions takes place in Tokyo, followed by Hong Kong, Shanghai and Singapore. Despite the fact that in recent years the role of the Japanese Central Bank in the Forex market has decreased, Tokyo remains one of the world's leading financial centers. When trading opens in Tokyo every morning, many traders use the momentum established there to assess market dynamics and determine their trading tactics. Often trades in Tokyo are quite delicate. Large investment banks and hedge funds often use the Asian trading session to move the market towards important stops and option barriers.

Overlap of Asian and European sessions. 07.00 - 09.00 UTC. The least active period of time on the market. Trading is very thin during these two hours and this period can be used by traders wary of risks to their positioning for the European open.

History of the GBP/NZD currency pair

The GBP NZD currency pair has been moving in a downward channel over the period from 2000 to 2011. The minimum price for the GBPNZD currency pair has not yet been designated. The maximum price that the GBP NZD currency pair managed to achieve is 3.69 New Zealand dollars per British pound sterling and was reached in 2000. The year 2000 for the GBPNZD currency pair passed in a bullish mood. During the year, the price passed six thousand points and reached 3.69 New Zealand dollars per pound. This level is currently the maximum achieved level currency pair GBP NZD.

After the correction year of 2001, the price went down throughout 2002 - 2003, reaching the level of 2.63 New Zealand dollars per pound. In 2004, the GBPNZD currency pair rolled back to the level of 2.98 and since mid-2004, the GBPNZD currency pair continued to trade downward. At the end of 2005, the GBPNZD currency pair recorded a level of 2.41 New Zealand dollars per British pound. And in December of this year, a bullish trend began, which made a rollback to the level of 3.06 on the GBPNZD currency pair.

Throughout 2006, 2007, 2008, the GBP NZD currency pair traded sideways with a bearish bias. In March 2009, the bears finally won, and a downward trend began that continues to this day. Fundamental analysis of the GBPNZD currency pair supports further downward movement. Growing mistrust of the pound due to the region's dire economic situation is weighing on the British pound. At the same time, the proximity of the New Zealand and Australian economies supports the New Zealand dollar. Consequently, the GBP NZD currency pair will continue to trend downward.

The forecast for the GBPNZD currency pair based on technical analysis suggests a correction. At the current moment in time, the currency pair is located near the price reference of the channel in which it has been trading since 2000. If the price target breaks through, then the GBPNZD currency pair will have a path to 1.04, where the channel’s working out level is located. The second option is a return to the channel resistance line, in which case the price can be expected in the region of 2.65 - 2.63 New Zealand dollars per pound sterling. When the GBP NZD currency pair moves upward, the levels of 2.25 and 2.32 may provide some resistance.

GBP/NZD currency pair charts

Forex charts are the main assistants of any trader. On them you can trace how the rate of any currency pair moved and, based on this information, predict its movement in the future. Analysis based on the study of charts is called technical analysis; it underlies a number of Forex trading strategies. For analysis you can use charts: minute, five-minute, hourly, four-hour, daily, weekly and monthly charts. with their help, you can trace the dynamics of exchange rates for any period, from a few minutes to twenty years.

GBP/NZD currency pair chart for 1991

GBP/NZD currency pair chart for 1992

GBP/NZD currency pair chart for 1993

GBP/NZD currency pair chart for 1994

GBP/NZD currency pair chart for 1995

GBP/NZD currency pair chart for 1996

GBP/NZD currency pair chart for 1997

GBP/NZD currency pair chart for 1998

GBP/NZD currency pair chart for 1999

GBP/NZD currency pair chart for 2000

GBP/NZD currency pair chart for 2001

GBP/NZD currency pair chart for 2002

GBP/NZD currency pair chart for 2003

GBP/NZD currency pair chart for 2004

GBP/NZD currency pair chart for 2005

GBP/NZD currency pair chart for 2006

GBP/NZD currency pair chart for 2007

GBP/NZD currency pair chart for 2008

GBP/NZD currency pair chart for 2009

GBP/NZD currency pair chart for 2010

GBP/NZD currency pair chart for 2011

GBP/NZD currency pair chart for 2012

GBP/NZD currency pair chart for 2013

Chart of the GBP/NZD currency pair for 1991-2013

Factors influencing the GBP/NZD currency pair

Factors (economic news) of the UK and New Zealand economies affecting the GBP/NZD currency pair:

Learning to identify the main macroeconomic factors

England's GDP. The UK economy has fluctuated between growth and contraction for more than three years, with GDP still below pre-crisis highs. The agency cited bad weather conditions, the calm before the Olympics and other “one-time factors” as negative factors. But even these manipulations with causes cannot hide that the current recovery is much longer than all previous ones, including the depression of the 30s. According to forecasts, the levels of the previous peak will only be reached in 2015. And this is already a full-fledged depression;

New Zealand GDP. Thanks to increased demand from the People's Republic of China, as well as due to very good price conditions in the markets for its main export goods, the New Zealand economy has been doing quite well for more than a year. The country's GDP is growing at a rate significantly higher than growth since the beginning of the crisis, as the central bank refers to in its comments. However, the lack of inflationary pressure still leaves room for refraining from tightening monetary policy;

Consumer inflation in England. Despite the recession and weakening consumer and industrial demand, the UK has had high inflation in recent years, constantly exceeding the target level of the Central Bank of England. Inflation in England is very sensitive to changes in the exchange rate, so its weakness at the height of the financial crisis and at the beginning of this year provokes further price increases. True, you need to keep in mind that the BA is more tolerant of high inflation, as this helps stimulate the economy and somewhat reduces the debt burden of the government and households in nominal terms;

New Zealand consumer inflation. New Zealand is a pioneer in controlling inflation through monetary policy. With price growth well below its target of 2% YoY, the RBNZ has no pressing need to raise interest rates despite strong GDP figures. Economic growth will most likely result in an increase in consumer inflation, which will force the bank to tighten policy. However, according to the bank's forecasts, it is unlikely that this will happen before the end of the year;

UK unemployment rate. Despite the lack of economic growth in England, the country's labor market indicators are quite good. For example, employment is near its highest historical levels, and the unemployment rate at the end of 2012 dropped to 7.7%, that is, to the minimum since the spring of 2009. It is noteworthy that the unemployment rate in the country was creeping up even before the crisis began (the minimum was 4.7% in January 2005). But no less surprising is that the share of the economically active population (more than 63.5%) has been growing recently, in contrast to the downward trend in the United States;

New Zealand unemployment rate. Please note that unemployment in the country is calculated quarterly, significantly lagging behind other countries. Speaking about its dynamics, it should be noted that the impressive rate of economic growth since 2012 was accompanied by a fall in employment and, accordingly, an increase in the unemployment rate. In part, this situation restrains the rise in prices within the country, but there are hopes that the situation will change throughout the year;

The main rate of the Central Bank of Great Britain. The Central Bank of England has been actively reducing rates since the beginning of the financial crisis, that is, from the second half of 2007. Then it reached 5.75%, but less than a year and a half later it was reduced to 0.5%, and the British Central Bank launched a program for purchasing assets on its balance sheet. Now the state's economy still needs further stimulus, so investors and traders, based on economic data and comments from officials, are trying to understand when the next increase in the size of the program will be from the current level of 375 billion pounds;

New Zealand RBNZ interest rate. Since September 2011, the rate has been kept at 2.5%. Before this, with the exception of the period from March to August 2011, the RBNZ increased it to 3%. The cycle of rate increases was then interrupted, first by an earthquake, and then by the general weakness of the world economy. Since then, food demand from the People's Republic of China (PRC) has supported New Zealand export prices, and the post-earthquake economic recovery is further boosting business activity. So the next step is expected to be a rate increase, but this is unlikely to happen before the end of the year;

Balance of foreign trade of England. The UK's persistent trade deficit leaves the country dependent on a constant influx of foreign capital to fill the gap in the balance sheets of companies and the government. This situation did not bother the British in the 2000s, when Asia was actively accumulating loans from developed countries. But now the Central Bank of England and the government are paying a lot of attention to trade. True, the situation only continues to worsen. This is mainly due to weak demand from the EU countries, where about two-thirds of the country’s total exports go;

New Zealand trade balance. New Zealand's foreign trade balance has a pronounced seasonality, in which April-May indicators are the best for the year, and August-September, on the contrary, are the weakest. However, it is clear that this year’s indicators are slightly better than last year, but still weaker than the levels of 2011. The importance and timeliness of the release of trade balance data forces traders and investors to pay attention to these indicators;

UK industrial production. Britain's industrial output is in a chronic decline that predates the financial crisis. Industrial production peaked in 2000, after which the downward trend changed to sideways and only occasionally to upward. Now, despite the good performance of the labor market as a whole, the index of industrial production is below the levels at the worst stage of the crisis. Apparently, the situation can only be changed by faster growth of the Eurozone economy (where about 60% of exports are sent) and the preservation of stimulating monetary and fiscal policies;

New Zealand retail sales. In this graph, sales dynamics are presented by volume at fixed prices for 2010. In other words, it shows an increase in real sales, unlike in many other countries where the main news is volume in nominal terms. The strong correlation of this indicator with the overall dynamics of GDP is clearly visible, however, the value of this data is reduced due to a noticeable lag (the data is quarterly and published a month before the release of GDP statistics);

Number of people receiving UK unemployment benefits. This indicator comes out faster than the official unemployment rate (published in the second week of the month following the reporting month). In 2012, the number of people receiving benefits often decreased. Largely linked to rising employment, this trend promises increased consumer activity in the coming months. However, this has not yet happened, and wages in real terms are declining, not keeping pace with the high rate of price growth;

New Zealand Commodity Price Index. Food raw materials are New Zealand's most prominent export item, but the country is hostage to extremely unstable price conditions in this market. The following connection can be noted between the price index and the balance of foreign trade: the index is ahead of trade trends by 3-6 months. In addition, it is published immediately upon completion. reporting period. Therefore this indicator is good indicator state of the economy. However, when trusting it, you should remember that the currency is influenced by many other factors.

Examples of analyzing the GBP/NZD currency pair

In the foreign exchange market, in addition to the major currency pairs (major) paired with the dollar, there are cross-currency pairs in which the dollar is not present. When trading major currency pairs, analyzing the movement of the dollar becomes the main issue in trading. Analysis of the second currency (EUR - euro, JPY - Japanese yen, CHF - Franc, GBP - British pound) in a pair fades into the background. When dealing with cross-currency pairs, one currency is valued not in United States dollars, but in units of the second currency. The exchange rates of these pairs are called cross rates. The most traded pairs include the euro currency: EUR/CHF, EUR/GBP, EUR/AUD.

The listed pairs differ from others in their high liquidity. There are situations where the liquidity of the EUR/CHF pair becomes higher than the liquidity of the USD/CHF pair (thanks to institutional players willing to trade the Swiss currency). Another actively traded group of cross-currency pairs includes the yen, these are the pairs: CAD / JPY - Canadian dollar and yen, NZD / JPY - New Zealand dollar and yen, British Pound Sterling / JPY - British pound and yen. This cross-currency group, which includes the yen, is popular among investors and traders due to the ability to carry out carry trades on it.

A carry trade involves selling a specific currency that has a relatively low interest rate, such as the yen, and then buying a currency that has a higher interest rate, thereby making the difference between the two rates. Developed countries, particularly Canada, New Zealand and England, have the highest interest rates, so these countries' currencies are popular when trading against the Japanese currency in carry trades. When trading major currency pairs, a situation may occur in which the US dollar and the second currency in the pair become almost equal in strength.

At such moments, it is difficult to understand how to act, since it is not known in which direction the American dollar will move. So, if there is a big the economic growth, then the question of whether it should be a long or short constitution can become difficult. The right time to trade the euro-yen cross-currency pair (EUR/JPY) may be when, for example, the yen comes under pressure due to a geopolitical threat from North Korea.

Methods for analyzing information on FOREX

An example of technical analysis of the GBP/NZD currency pair

An example of a technical analysis of the GBP/NZD currency pair as of December 25, 2013. GBP/NZD continues to rise towards the key resistance level of 2.0074 (Approaching type) which was previously identified by Autochartist on the 4-hour charts - as you can see from the following trading opportunity alert for this pair. GBP/NZD is expected to reach this key level in the next three trading days. The stop level for this forecast is set by Autochartist at 1.9855. This forecast is consistent with the medium-term uptrend that can be seen on the GBP/NZD daily charts. The Volatility analysis shown in the second chart below confirms this prediction.

As can be seen from the following Volatility Analysis chart for GBP/NZD, the entire daily Expected Price Range calculated for this pair (1.9856 to 2.0153) is located above the stop level for this forecast (1.9855), while the upper limit of the daily Expected Range The price (2.0153) is located above the target level of 2.0074. Both of these facts increase the likelihood that the pair will continue to rise towards 2.0074 tomorrow.

An example of a technical analysis of the GBP/NZD currency pair on May 8, 2013. H4: Green MA is higher than red - bullish forecast. Murray levels currently give us the first target at 1.83105000 and support at 1.80664000. I like the DeMark oscillator the most. Using his method, we determine zones of price exhaustion, which usually accompany local highs or lows. We determine the lines of the upper (red) and lower (blue) trading levels of our range. To do this, we will mark the latest horizontal levels of resistance and support and draw trend lines along the latest extremes. Upper trading range 1.84563 1.84172. Lower trading range 1.82318 1.82357. The upper line of the trading range (1.84166), when broken, the expected targets are at the top: Target1 - 1.91476 (7309p.). Target2 - 1.90794 (6627p.). Target3 - 1.90794 (6627p.).

The lower line of the trading range (1.82454), when broken, the expected targets are below: Target1 - 1.80678 (1776 p.). Target2 - 1.81626 (828p.). Target3 - 1.81321 (1134p.). I recommend additionally monitoring the situation at turning points using pin bars (green arrows up or red arrows down on the chart). For those who are comfortable trading with short stops, determine them by the last extreme of the zigzag. I optimized and configured ExtDepth for Zigzag.

The concept of technical analysis in the Forex market

An example of a technical analysis of the GBP/NZD currency pair as of March 3, 2013. The GBP/NZD instrument is trading in the downward channel Time H1. At the moment, the price has rebounded from upper limit the channel has come close to the median After the test takes place, it is advisable to look for sepat in long positions. The power reserve of the pair to the opposite border of the channel.

An example of a technical analysis of the GBP/NZD currency pair as of March 9, 2013. The GBP/NZD currency pair - TF H1, is trading in a price range* is under pressure. The histogram of the MACD indicator is above the isoline, the signal line is inside the histogram. Stochastic in an overbought state turns downward. The moving averages SMA 50 and SMA 200 diverge after crossing. and go in parallel, the price is located between the moving averages. I believe that it is preferable to trade on the breakout of 8245 - 8081.

An example of a technical analysis of the GBP/NZD currency pair as of March 10, 2013. This GBP/NZD TF pair is hourly. is trading in an ascending channel. Now the pair has bounced off the upper border of the channel and is heading to the opposite side. Immediately after the retest of the channel border, you should enter the market short and trade on the rebound from the channel walls.

An example of fundamental analysis of the GBP/NZD pair

We open a new strategic position in GBP/NZD with a target of 2.22 and a stop at 2.05, speculatively sell EUR/USD on upward corrections with a target of 1.255, NZD/USD with targets of 0.75/0.72, close shorts in EUR/GBP and longs in GBP/ USD.

Fundamental Analysis

The stress regime has arrived. Indicators indicate that the markets have entered the stage of a stampede into defensive instruments. Expectations for short-term rates changed sharply, some swap curves turned out to be inverted, and implied volatility in monthly options for all currencies crept up. If these words don't mean anything to you, don't be alarmed. The point is that fear has taken hold of investors. Traditionally, this happens at the beginning of periods of total risk sell-off. The correlation between different pairs in such a situation is usually very high, that is, you need to choose a safe haven asset, and it doesn’t matter at all what to buy it against.

In the case of Forex, this asset is, of course, the dollar. In the absence of plans for further easing of Fed policy, the American will feel very confident. The weakest currency, logically speaking, should be the euro. After all, it is Europe that is the cause of all troubles. On Tuesday, a sharp deterioration in the markets was formally associated with the failure of the last attempt to form a government in Greece. But, you must admit, it’s strange that for some this is completely unexpected news.

The events in Athens are, of course, not only the occasion, but also the actual cause of the upheaval. However, in addition to this, an extremely favorable situation has developed for some kind of global shake-up. After all, there are serious problems not only in the Old World, but also in China. And the currencies of Oceania may well claim to be the weakest. AForex analysts believe that the most sensible position during this period of turbulence would be long GBP/NZD. On the one hand, this is a game about the collapse of the eurozone. In this case, the pound is the only regional alternative to the euro that can claim the status of a protective instrument.

Using Fundamental Analysis

It is the British currency that is a natural investment target for those who want to leave the single currency. Among other things, at current levels, sterling is also fundamentally undervalued. On the other hand, NZD and AUD are the currencies that fall most quickly when selling risk. We choose kiwi due to the fundamental weakness of the New Zealand economy. Of course, speculators can play off shocks not only in sophisticated crosses, but also in ordinary EUR/USD, AUD/USD, NZD/USD. Attempts to grow up in all of these pairs will probably end in failure.

Example of candlestick analysis of the GBP/NZD currency pair

An example of candlestick analysis of the GBP/NZD currency pair on December 17, 2013. The bullish “Absorption” formation allowed the pair to rebound from the correction level of 76.4% - 0.8229 and begin to grow in the direction of the corrective Fibo level of 100.0% - 0.8469. The bearish formation "Harami" allowed us to expect some decline in the exchange rate, but its peak was passed, and the fall did not begin. A new bearish formation will again increase the likelihood of a pair reversal and begin to fall in the direction of the correction level of 76.4%. Fixing below the corrective level of 76.4% will allow traders to count on a continuation of the fall in the direction of the next Fibo level of 61.8% - 0.8082.

After the formation of the bullish Harami candlestick formation, quotes made a reversal in favor of the New Zealand currency and began to grow towards the correction level of 61.8% - 0.8295. The bearish “Absorption” formation did not allow the pair to start falling in quotes. A rebound of the rate from the correction level of 61.8% will allow traders to count on a reversal and some fall in the direction of the Fibo level of 50.0% - 0.8179. The formation of a bearish formation will increase the pair’s chances of a rebound from the 61.8% correction level. Fixing quotes above the Fibo level of 61.8% will allow us to count on continued growth in the direction of the next correctional level of 76.4% - 0.8440.

An example of wave analysis of the GBP/NZD currency pair

An example of a wave analysis of the GBP/NZD currency pair on March 19, 2009. The GBP/NZD pair is moving sideways on the weekly chart. There is no ideal channel, a triangle may form, or the flat will continue indefinitely. On the daily chart, the pair has been growing since the beginning of 2009. For the period January 6-15, the upward movement can be marked as a five-wave impulse. Then a correction began, which took the form of a flat figure abc. Wave b was more than 138% of wave a, which makes it unlikely that wave c will reach the end point of wave a.

I believe that the correction is coming to an end, the next wave will also be impulse, and it is possible to open a long position with a good profit-loss ratio. The stop loss should be placed immediately below wave a, and the target is the beginning of wave c. The entry point is today's maximum.

Simplified wave analysis

Features of trading on the GBP/NZD currency pair

Trading currency pairs belonging to the list of key currencies is about correctly determining the weakness or strength of these currencies relative to the United States dollar. As a rule, it is the state of the American currency - the main reserve world currency, its bearish or bullish sentiments that determine the strength of the movement and its direction in these currency pairs.

The role of the dollar in the forex market

Today, all the world's strategic resources, basic industrial and agricultural indicators are valued in American dollars and, even despite the global crisis, the economy of the United States still remains the largest global economy. Given the volatility of cross rates, it is extremely important when trading them to accurately enter the bottoms. To do this, it is recommended to trade on small time frames, lasting 5-15 minutes.

It is also necessary to remember that if movements of 30-50 pips in the main currency pairs are considered to be trading noise, then for currency crosses, especially the yen, the magnitude of such a movement can be 100-150 points. That is, even if you entered the bets correctly, before it goes in your direction, the yen can accidentally move 100 - 150 points against your capitulary, and then turn around and go in the right direction, and such movements can occur in a very short period of time . That is, the strong volatility and speed of movement of yen crosses, with accurate entries, helps to obtain significant profits in a short period of time.

It is worth testing your trading strategy on a demo account

New Zealand and the UK have long been linked not only by political but also economic ties. There is always active trade between these countries and economic activity, which is reflected in the interaction of exchange rates of these countries on the Forex market. The currencies of Great Britain and Australia form the GBP/NZD currency pair. The quotation means that British pounds are bought for New Zealand dollars, that is, how many New Zealand dollars need to be paid for 1 British pound.

The concept of quotes on the forex market

Thanks to the high value of the British pound around the world, the value of one lot in the forex market is approximately 150,000 US dollars. Today the value of one British pound sterling is 1.5003. This is a standard four-digit quote, that is, after the decimal point there are 4 more digits. Sometimes you can see 5 decimal places in terminals; brokers do this by adding tick movement. The British pound is the national currency of the United Kingdom of Great Britain and Northern Ireland. The kingdom includes England, Scotland, Wales and Northern Ireland. The British pound is the most valuable currency in the world.

The volume of transactions carried out in the forex market using the New Zealand dollar is 1.6% of the total daily transaction volume. As a currency, the New Zealand dollar is relatively young. The first mention of the New Zealand dollar as the official currency of New Zealand appeared in 1933. Prior to this, the official currency of New Zealand was the British pound, as the single currency in the United Kingdom of Great Britain and its colonies. The New Zealand dollar finally replaced the pound only in 1967 and became the single currency of New Zealand. The name “New Zealand dollar” was not chosen by chance.

New Zealand's currency was named after the American dollar, as a sign of independence from Great Britain, following the example of Australia, which also named its national currency the dollar. The greatest activity for the currency pair is recorded during the European session, when the London Stock Exchange begins its work. Now it is 10 o'clock Moscow time, as well as little activity during the Asian trading session. The rest of the time the currency pair is quite stable.

Asian Forex trading session

In fact, the exchange rates of the British and New Zealand dollars are affected by the same events occurring in each of these countries. When trading the GBP/NZD pair, it is worth taking into account New Zealand's economic indicators: GDP, discount rate, business activity, level of trade with other countries. An important economic indicator that affects the exchange rate of the New Zealand dollar is that the country is the world's largest producer of sheep wool. And the release of reports on this indicator always affects the exchange rate of the New Zealand dollar, moving the chart in one direction or another

New Zealand's economy also depends on its main trading partners: the United States and Australia. Therefore, when working with the GBP/NZD currency pair and making forecasts for exchange rate movements, it is worth taking into account data informing about the state of the economy of these two countries. The exchange rate of the British pound is influenced by events taking place in the kingdom. Pan-European events also have a slight impact on the exchange rate, although the British pound reacts to them differently than the single European currency, the euro. The GBP/NZD currency pair is well suited for those who know the economic calendar well and have developed a news trading strategy. In this case, it is worth focusing most on the internal indicators of each country, namely, the unemployment rate and the interest rate.

Sources and links

univellbroker.com - forex broker Univell Broker

forexcent.com - ForexCent dealing center

forextimes.ru - information and analytical portal

investing.com - stock market analytics

forexluck.ru - website about the international Forex market

investfunds.ru - analytics on stock market instruments

saxobank.com - brokerage services on the international Forex market

smart-lab.ru - club of traders sMart-lab

blog.fxopen.ru - magazine for forex traders

forex-invest.tv - forex video site

fxstreet.ru.com - analytics of the international Forex market

forexmaster.ru - Forex portal for professional traders

confinex.ru - fundamental analysis of the Forex market

start-trade.net - higher school of system trading

fxnewskiller.com - trading signals for autoclick

polpred.com - review of foreign media

pravda.ru - analytics and news Russian Federation and peace

vestifinance.ru - the main events of the Russian and world economy

ereport.ru - news, articles, statistics of the world economy

gazeta.ru - information publishing house Gazeta.ru

fortrader.ru - forex magazine for traders

fxteam.ru - information portal about the Forex market

In our section GBP NZD pound to pound forecast New Zealand dollar We offer traders an up-to-date GBP/NZD trading forecast, a unique analysis and forecast of the pound sterling to New Zealand dollar exchange rate for today as part of an analysis of the current situation on FOREX market using simple tools. The GBP/NZD forecast section is updated every day.

Pound Sterling New Zealand Dollar Pair

The GBP/NZD currency pair represents the value of the pound sterling exchange rate expressed through the value of the New Zealand dollar on FOREX. The gbp nzd pair is a cross rate and is not particularly popular among traders and investors, but forex market professionals love to trade it due to its technicality.

Technical analysis of GBP/NZD

As part of the Pound Sterling to New Zealand Dollar exchange rate forecast, we offer a daily free technical analysis GBP/NZD on FOREX. The simplest tools of technical analysis are used here: trend lines, graphical models, as well as modern approaches in the form of patterns, due to this we obtain high-quality technical analysis of GBP/NZD for every day.

FOREX forecast GBP/NZD for today

As part of the publication of GBP/NZD forecasts, we also offer traders trading recommendations and signals for the pound New Zealand dollar pair from the experts of our portal. If you constantly follow the updates in the FOREX section, GBP/NZD forecast for today, you have already noticed that movements often occur immediately after the publication of forecasts for the GBP/NZD pair.

Forex forecast GBP/NZD for tomorrow

Thanks to the analysis of the four-hour chart of the pound-New Zealand dollar currency pair, we make a forecast for the GBP/NZD exchange rate for tomorrow, which is also relevant at this point in time. As a rule, the Forex forecast for GBP/NZD for tomorrow is published in the afternoon, taking into account the morning trading session and right before the most aggressive American trading session.

GBP/NZD weekly forecast

Reviews of the pound sterling to New Zealand dollar pair for the week are published on Friday towards the end of the trading week. As a rule, the daily GBP/NZD chart is taken for analysis, which is capable of reflecting medium-term trends and, through the analysis of which, traders on our portal make a GBP/NZD forecast for the week.