Cross pair
GBP/NZD: volatility, trading hours and correlation
🇬🇧 British pound against the 🇳🇿 New Zealand dollar. GBP/NZD has averaged 118 pips a day over the last 90 days, with recent volatility close to its one-year norm. It tends to move most between 20:00 and 23:00 UTC.
- Last close
- 2.36034 6 October 2026
- Avg daily range
- 118 pips 90 days · 0.50% of price
- 1-year change
- +2.29% GBP stronger vs NZD
- 52-week range
- 2.24000 – 2.36406 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.
Want these hours in your own time zone? Open forex market hours.
Average range by weekday
Pips, last 12 months. Tuesday 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. January has been the strongest month on average and November the weakest. Seasonality is a tendency, not a forecast.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Avg change | +1.16% | +0.62% | +0.91% | +0.79% | -0.88% | -0.40% | +0.15% | +0.84% | +0.51% | +0.93% | -0.91% | -0.36% |
| Years up | 78% | 67% | 78% | 67% | 44% | 44% | 33% | 67% | 78% | 67% | 33% | 44% |
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 |
|---|---|---|---|
| 1 September 2026 | 339 pips | -0.02% | 2.8× |
| 26 May 2026 | 270 pips | +0.01% | 2.2× |
| 6 November 2025 | 263 pips | 0.00% | 2.1× |
| 9 October 2025 | 253 pips | +0.01% | 2.1× |
| 26 November 2025 | 249 pips | +0.01% | 2.0× |
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 | 5.63 USD | 0.56 USD | 0.056 USD |
| 🇪🇺 EUR | 5.00 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 118 pips a day, a stop loss of 35–71 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 118 pips from high to low each day, about 0.50% of its price. Over the past year the average was 123 pips, and over the last 20 trading days it was 120 pips.
What is the best time to trade GBP/NZD?
In the past year GBP/NZD was most active between 20:00 and 23:00 UTC, and the London session produced the largest average range (99 pips). The quietest hour was 04:00 UTC. Tuesday 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 0.81) and most inversely with NZD/USD (-0.65).
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 $5.63 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 daily and hourly price history up to 6 October 2026. 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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