Bank of England NZD/GBP spot rate, 27 July 2020

Name: Bank of England spot rate NZD/GBP, 27 July 2020
Creator: Bank of England

1.92871

NZD per £1 · divide by this rate for sterling · New Zealand Dollar, New Zealand

1 NZD in sterling: £0.5185
Fixing: 4pm, Mon 27 Jul
vs 24 Jul 2020: +0.0024 (+0.12%)

27 July among July’s fixings and HMRC’s monthly rate

On 27 July the two were 0.0090 apart.

What HMRC says

HMRC asks for each amount to be converted at the exchange rate in force on its date (Capital Gains Manual CG78310). It doesn't prescribe a source, but expects a reasonable and consistent method: one method for every figure, kept from one disposal and tax year to the next.

Every NZD fixing in July →

1.9700 1.9396 1.9091

1 Jul · 1.9240 2 Jul · 1.9158 3 Jul · 1.9096 6 Jul · 1.9092 7 Jul · 1.9146 8 Jul · 1.9181 9 Jul · 1.9218 10 Jul · 1.9243 13 Jul · 1.9152 14 Jul · 1.9168 15 Jul · 1.9187 16 Jul · 1.9200 17 Jul · 1.9144 20 Jul · 1.9253 21 Jul · 1.9232 22 Jul · 1.9091 23 Jul · 1.9181 24 Jul · 1.9263 27 Jul · 1.9287 28 Jul · 1.9437 29 Jul · 1.9480 30 Jul · 1.9654 31 Jul · 1.9700

HMRC 1.9377

1 Jul 16 Jul 31 Jul

Bank of England 4pm fixing, 23 working days HMRC monthly rate

Other Bank of England rates for 27 July 2020

All 26 currencies →

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Frequently asked questions

What is the Bank of England NZD/GBP rate for 27 July 2020?

The Bank of England daily spot exchange rate for New Zealand Dollar (NZD) on 27 July 2020 is 1.9287 NZD per £1. To convert a NZD amount to sterling, divide by 1.9287.

Can I use the Bank of England spot rate for capital gains tax?

HMRC's Capital Gains Manual (CG78310) says to convert each amount at the exchange rate in force on the date of the transaction, and expects a reasonable and consistent method; it doesn't name a source. The Bank of England daily spot rate is the fixing for that date, so it matches the guidance directly. Use it for every figure in the computation (the cost, buying and selling costs, and the proceeds) and keep the same method for later disposals and tax years.

What is the difference between the BoE spot rate and the HMRC monthly rate?

The Bank of England daily spot rate is the mid-market rate recorded at 4pm on a specific date. The HMRC monthly rate is one rate that HMRC sets for the whole calendar month and publishes in advance. Because they are measured differently they can differ, and on a large disposal the gap can change the sterling gain by thousands of pounds. That is why the method should be chosen once and applied consistently, not picked disposal by disposal.

What if my transaction was on a weekend or bank holiday?

The Bank of England only fixes rates on UK working days. For a weekend or bank holiday, the usual approach is the nearest earlier fixing. TealFX applies it only within 7 days and says so whenever it does; the API can also refuse a substitute date (fallback=none).

Where does the Bank of England publish exchange rates?

The Bank of England publishes daily spot rates through its statistical database at bankofengland.co.uk. TealFX imports them from that database, so the figures on this page match the Bank's published data. The Bank states these spot rates are not official rates.