GBPNZD is the forex quote for the British pound against the New Zealand dollar. The cross pair is one of the most volatile of the GBP pairings making it an attractive option for trend traders. The two monetary systems have had a long trade history, and it wasn't until 1993 that the NZD became distinct from the British pound. The performance of the pair is heavily influenced by the economies of the United Kingdom and New Zealand and commodity prices. The GBPNZD has a similar behavior to both GBP/JPY and GBP/AUD thus can serve as diversification for any of the two larger pairs.