Cross pair
GBP/NZD: volatility, trading hours and correlation
The British pound against the New Zealand dollar. GBP/NZD has averaged 132 pips a day over the last 90 days, with recent volatility below its one-year norm. It tends to move most between 13:00 and 16:00 UTC.
- Last close
- 2.35712 16 October 2026
- Avg daily range
- 132 pips 90 days · 0.56% of price
- 1-year change
- +0.46% GBP stronger vs NZD
- 52-week range
- 2.23986 – 2.36648 Low to high
GBP/NZD over the last 12 months
Daily closes
When GBP/NZD moves most
Average high-to-low range for each hour of the day over the last year, in pips (UTC). The busiest three-hour window is highlighted. 21:00–23:00 UTC includes the daily rollover, when spreads widen and bid prices dip, so those hours are left out of it.
Want these hours in your own time zone? Open forex market hours. To compare GBP/NZD with other pairs, read the most volatile hours in forex.
Average range by weekday
Pips, last 12 months. Wednesday is typically busiest and Monday quietest.
Calendar-year performance
% change in GBP/NZD each year, latest year to date
GBP/NZD seasonality
Average % change by calendar month across the last 9 years. April has been the strongest month on average and May the weakest. Seasonality is a tendency, not a forecast.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Avg change | +0.77% | +0.44% | +0.86% | +1.13% | -1.16% | -0.34% | +0.24% | +0.76% | +0.70% | +0.88% | -1.04% | +0.13% |
| Years up | 67% | 67% | 78% | 67% | 33% | 56% | 33% | 67% | 78% | 56% | 33% | 56% |
GBP/NZD correlation
Correlation of daily returns with other pairs. +1 means they move together, −1 means they move in opposite directions. How to use correlation.
Biggest daily moves in the last year
The five widest high-to-low days for GBP/NZD.
| Date | Range | Open to close | × normal day |
|---|---|---|---|
| 2 September 2026 | 351 pips | +0.63% | 2.5× |
| 27 May 2026 | 302 pips | -1.18% | 2.1× |
| 6 November 2025 | 302 pips | +1.26% | 2.1× |
| 26 November 2025 | 272 pips | -0.84% | 1.9× |
| 6 May 2026 | 264 pips | -0.69% | 1.9× |
GBP/NZD pip value
Value of a one-pip move (0.0001) at the latest price.
| Account currency | Standard lot (1.00) | Mini lot (0.10) | Micro lot (0.01) |
|---|---|---|---|
 USD | 5.65 USD | 0.56 USD | 0.056 USD |
 EUR | 5.03 EUR | 0.50 EUR | 0.050 EUR |
 GBP | 4.24 GBP | 0.42 GBP | 0.042 GBP |
 NZD | 10.00 NZD | 1.00 NZD | 0.100 NZD |
About GBP/NZD
GBP/NZD shows how many New Zealand dollars (NZD) it takes to buy one British pound (GBP). When the price rises, the British pound is strengthening against the New Zealand dollar.
GBP is issued by the Bank of England. It tends to respond to Bank of England rate decisions, UK inflation and wage data, and UK political and fiscal news.
NZD is issued by the Reserve Bank of New Zealand. It tends to respond to Reserve Bank of New Zealand policy, dairy prices and broader risk sentiment.
With an average range of about 132 pips a day, a stop loss of 40–79 pips is roughly a third to two-thirds of a normal day for GBP/NZD. Always size your position from the stop distance with the lot size calculator.
GBP/NZD FAQ
What is the average daily range of GBP/NZD?
Over the last 90 days GBP/NZD moved an average of 132 pips from high to low each day, about 0.56% of its price. Over the past year the average was 141 pips, and over the last 20 trading days it was 115 pips.
What is the best time to trade GBP/NZD?
In the past year GBP/NZD was most active between 13:00 and 16:00 UTC, and the London session produced the largest average range (92 pips). The quietest hour was 19:00 UTC. Wednesday was its busiest weekday on average.
What is GBP/NZD most correlated with?
Based on daily returns over the last year, GBP/NZD moved most closely with EUR/NZD (correlation 0.83) and most inversely with NZD/USD (-0.69).
How much is one pip worth on GBP/NZD?
One pip on GBP/NZD is 0.0001 of the price. For one standard lot (100,000 GBP) that is 10 NZD, or about $5.65 at the latest price. A mini lot is a tenth of that and a micro lot a hundredth.
Statistics are calculated by ForexSignals.io from Dukascopy hourly bid prices up to the 16 October 2026 close. Trading days run from 17:00 to 17:00 New York time, the same daily candles most MT4 and MT5 brokers show. Hourly figures cover the last 12 months, seasonality the last 9 full years. Data may contain errors and is not a trading recommendation.
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