![]() Foreign exchange rates published by the Reserve Bank of New Zealand.Foreign exchange rates published by us.Subject to the above, the Commissioner approves all the following foreign exchange rate sources for converting foreign currency amounts to New Zealand dollars. Similarly, the Goods and Services Tax Act generally prescribes that the consideration for a supply should be converted to New Zealand dollars at the time of supply. In some cases, the Act or the Commissioner prescribes a currency conversion method or a foreign exchange rate source or foreign exchange rate to use for a particular transaction or arrangement, but in most cases it does not.įor example, you must use the specified currency conversion methods and exchange rate sources for the: If you find data inaccuracies kindly let us know using the contact form so that we can act promptly.The Income Tax Act 2007 requires foreign currency amounts to be converted to New Zealand dollars to calculate a taxpayer’s New Zealand income tax liability. We have validated the data to the best of our knowledge. Hopefully, the above report has helped with you in analyzing the average annual rates of Pound Sterling (GBP) to US Dollar (USD) pair. Again we are assuming that the GBP has grown from the average rate of one year to the average of the following year. The third column represents the value of GBP during the subsequent year. We have assumed that one invests at the annual average rate. The second column represents the value of GBP that would result due to the USD investment in GBP. In all the tables, the first column contains years. You will now see six tables corresponding to different USD investments. We are going to check how GBP investment using diffrent USD values (from 1000 to 100000 USD) would have grown over the years. Now we are going to see an interesting section with lots of assumptions. YearĤ Growth Of GBP Equivalent Of Different USD Investments (Based On Yearly Avg. Other than the first column, other values are annual averages of the pairs under comparison (including GBP/USD pair). ![]() The table given below contains the data used to plot the above graph. Now let us compare the annual average rate of GBP/USD pair with few selected currency pairs.īelow is a graphical comparison of the yearly rates of GBP/USD pair with three similar pairs (based on rates) with GBP as the base. Rates Of GBP/USD Vs Similar Currency Pairs The third and fifth columns represent the deviations (a measure of rate swings). The second and the fourth columns contain the GBP/USD pair's highest and lowest rates respectively. Below section aims to give you a feel of how highest and lowest rates of GBP/USD pair deviated (swung away) from the annual averages.Įach row in the below table corresponds to a year. They are volatile which means there will be swings. YearĢ GBP/USD Yearly Averages Vs Highest/Lowest RatesĬurrency rate charts are rarely flat. Further, you will see values (last 2 columns) that display rate changes annually. You will get a feel of whether the rate is increasing/decreasing based on the height of bars against time.īelow table displays the Pound Sterling (GBP) to US Dollar (USD) annual exchange rates in numbers. The first section is a simple bar chart representing year-by-year annual rates of GBP/USD currency pair. Rates)ġ Pound Sterling (GBP) To US Dollar (USD) Yearly Average Rates Growth Of GBP Equivalent Of Different USD Investments (Based On Yearly Avg.GBP/USD Yearly Averages Vs Highest/Lowest Rates.Pound Sterling (GBP) To US Dollar (USD) Yearly (Annual) Average Rates.Below is a table of contents to help you navigate between the sections. Note: Medium to long-term forex investors can get a good idea of the rate movement by looking at annual averages. The time range of analysis is between -20. This report analysis yearly (annual) average rates of Pound Sterling (GBP) to US Dollar (USD) pair.
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