What rate to aim for in the next two months when bringing money to the uk from nz.

Hi,

I need to move a large amount of money from nz to the uk and realize doing it at the right time is key.

Things seem particularly volatile at the moment so I was wondering if you could suggest what rate I should aim for if I am to make the most of the transfer while still being realistic about being able to hit that rate in the next two months? What do you think the trends will be?

Thank you!

Hi,

The Pound has pushed ahead against the Kiwi Dollar in the immediate aftermath of the unexpectedly clear-cut UK General Election result.

You might want to hold off getting your exchange done until the euphoria regarding Sterling calms down, but I wouldn’t leave it too long as further interest rate cuts from the Reserve Bank of New Zealand cannot be ruled out for later in the year.

Rates-wise, two to one is a key level of resistance.

Regards,

John Cameron
currencynews.co.uk
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