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Susan from Moneycorp

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About Susan from Moneycorp

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    Foreign Exchange Expert

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  1. Susan from Moneycorp

    How safe are my funds?

    With reports of regular breaches of online security, it would be wise to fully understand how your chosen Financial Institution protects your money. Here we detail how Moneycorp stores your funds securely and ways to protect yourself online: https://www.moneycorp.com/en-au/news-hub/staying-secure-online/
  2. Susan from Moneycorp

    Security of your Funds

    With reports of regular breaches of online security, it would be wise to fully understand how your chosen Financial Institution protects your money. Here we detail how Moneycorp stores your funds securely and ways to protect yourself online: https://www.moneycorp.com/en-au/news-hub/staying-secure-online/
  3. Susan from Moneycorp

    Weak pound

    Some really wise and balanced comments here ~ thank you both! I think it's worth remembering the volatility of the time we're in; politically, economically, medically.... in all my years in financial markets I don't know anyone - my retired peers in their 60s, 70s & 80s included - who has ever known a time like this. Previous patterns of economic behaviour are nowhere to be seen. Governments are printing Trillions of their own currency, seemingly with no regard for how that implicates their economies in the future. Stock markets are continuing to rise - on extraordinarily bad news - and the worst possible unemployment numbers don't appear to be significant anymore. Looking historically, GBP/AUD at 1.80 is a fair price. We have Brexit looming, an American election, an ongoing war of words with the Chinese Government, International trade agreements to be negotiated and, come September when jobkeeper payments around the world are due to cease, the true extent of global unemployment. Everyone would be wise to be cautious.
  4. Susan from Moneycorp

    A Guide to Sending Money Overseas.

    Hi there! Thanks so much for getting in touch ~I'll be more than happy to help with this You're right that, like most institutions, we're working from home, but all that means is that we're on hand for even more hours to help! Is there a telephone number you'd prefer me to call you on? Sue.
  5. Susan from Moneycorp

    That was the week that was.....(5)

    Continued good momentum for New Zealand; Steady as She Goes for the Australian Dollar; Strangely positive news for the Euro and a complete mess in the UK and the USA. That Was The Week That Was. https://www.moneycorp.com/en-au/news-hub/weekly-brief-26-june-2020/
  6. Susan from Moneycorp

    That was the week that was.....(4)

    Further threats to Australia from China, Chaos and turmoil in the Un-United States of America, Painful statistics out of Europe, More concern in the UK and Nothing but good news out of New Zealand: That was the Week that Was. https://www.moneycorp.com/en-au/news-hub/weekly-brief22/
  7. Susan from Moneycorp

    That was the week that was.....(3)

    Britain nowhere near controlling it's pandemic, America imploding, a more subdued Chinese rhetoric and a very strong Australian Dollar; That Was The Week That Was. https://www.moneycorp.com/en-au/news-hub/weekly-brief2/
  8. Susan from Moneycorp

    Considering locking in your exchange rate

    Hi everyone ~ A lot of members have been asking me recently about the direction of the Pound & Australian Dollar - especially people who have to make regular international payments or have a payment deadline coming up, where exchange rate fluctuations could make a big impact. We've spoken about the benefit a Forward contract could bring. Thought I'd post a short blog here so that everyone can see how it works: https://www.moneycorp.com/en-au/content-hub/blogs/20192/march/a-currency-forward-contract/
  9. Susan from Moneycorp

    Uncertain dollar

    Hello! Don't forget you can lock in a good rate when you see one with a 'forward' FX contract if you don't need the money right away. Sounds so much more complicated than it is! ie. My UK Pension payments are paid quarterly. Although I'm not expecting one until July, when the rate was at 2.00 (beginning of April) I could have booked a deal on that day and locked in the rate for the funds to change hands on 01st July. All it means is you're securing a deal at a rate you like, but no money is changing hands until the date you need it. Definitely something to consider to prevent being exposed to market volatility>
  10. Susan from Moneycorp

    Uncertain dollar

    Hi there, At the moment there's little reason for GBP to strengthen, given the Covid numbers remaining extremely high in the UK and no containment of the virus - as well, with the Bank of England signalling there could be negative interest rates in the UK, the AUD and the Aus economy is definitely looking the stronger of the two. The only major issue which could unsettle that Australia's ongoing war of words with China and the enormous tariffs they are slapping on Australian goods - whilst we know they're largely dependent on Australia for their huge Beef requirement (their second source being South America - which is now the centre of the pandemic) and Barley, until the waters calm the markets are understandably nervous about AUD volatility.
  11. Susan from Moneycorp

    That was the week that was.....(4)

    Evening everyone ~ China imposing taxes on Australian exports, NZ’s Performance Services Index showing the lowest activity since 2007, The potential for negative interest rates in the UK and, Nothing good whatsoever coming out of America: That Was The Week That Was. https://www.moneycorp.com/en-au/news-hub/weekly-brief/
  12. Susan from Moneycorp

    Which is better?

    Hello You can definitely transfer bank to bank in Pounds - but whichever bank you transfer into here will expect to do the FX conversion for you. And the rates are really poor. Even if you pay your GBP into, say, a GBP account with CBA in Australia, always use an outside company to do the FX for you. The Bank's margins here are shocking! between 3-5%
  13. Susan from Moneycorp

    That was the week that was.....(3)

    New Zealand bounces out of lockdown - and their currency falls heavily; America announces it's highest unemployment rate - but the USD rises; The UK, especially, seems to be going through a particularly low point and Australia looks best-placed to emerge soonest and more positively than most - but the AUD lost ground to the USD. That Was The Week That Was.... https://www.moneycorp.com/en-au/news-hub/coronabrexit-woes/
  14. Hi everyone! I hope this finds you all well today and in good health ~ We've had many members take up our special PIO promotion of up to £50 cash back - which is great to see! Don't forget you can all benefit from this until the offer closes on 31. May. For the members new to Moneycorp & currently making their first transfers with us, I wanted to give a quick 4-step process to opening your account: A Guide to Sending Money Overseas More than a thousand Poms in Oz members have benefited from using Moneycorp for their international money transfers. Moneycorp’s services are straightforward, simple to use and will save you money. Here's the 4 step process and how it works: 1. Set up your Moneycorp account To start making money transfers, you will need to open an account with Moneycorp. This can be done online and only takes a few minutes - click here to register Opening an account carries no costs or obligations on your behalf. 2. Choose the best solution for your needs Once your Account is set up, your personal account manager will contact you to identify and discuss your specific requirements. They will be your personal point of contact for all future transactions and will explain the proposed course of action and options that best suits your personal needs. 3. Arrange your finances Once you have verbally agreed to a money transfer with your personal account manager, you will be sent a Contract Summary outlining the details. This document will include giving you instructions on how to transfer your funds to Moneycorp. Your account manager will also explain how to send funds to your nominated bank account(s) following the transaction. For further information regarding the different options when buying your currency, please click here 4. Payment methods You may use one of a variety of payment methods to send your funds to Moneycorp. Everything will be explained clearly by our staff and there is a dedicated customer service team who can help you with any questions you might have. Poms in Oz & Moneycorp Exclusively for PomsInOz members, you will not pay any transfer fees when sending your money overseas. Register with Moneycorp by clicking here For more information call +44 (0)20 7589 3000, or +61 2 8228 1490 ~ please remember to quote PomsInOz.
  15. Susan from Moneycorp

    A quick guide to sending money overseas.

    Hi everyone! I hope this finds you all well today and in good health ~ We've had many members take up our special PIO promotion of up to £50 cash back - which is great to see! Don't forget you can all benefit from this until the offer closes on 31. May. For the members new to Moneycorp & currently making their first transfers with us, I wanted to give a quick 4-step process to opening your account: A Guide to Sending Money Overseas More than a thousand Poms in Oz members have benefited from using Moneycorp for their international money transfers. Moneycorp’s services are straightforward, simple to use and will save you money. Here's the 4 step process and how it works: 1. Set up your Moneycorp account To start making money transfers, you will need to open an account with Moneycorp. This can be done online and only takes a few minutes - click here to register Opening an account carries no costs or obligations on your behalf. 2. Choose the best solution for your needs Once your Account is set up, your personal account manager will contact you to identify and discuss your specific requirements. They will be your personal point of contact for all future transactions and will explain the proposed course of action and options that best suits your personal needs. 3. Arrange your finances Once you have verbally agreed to a money transfer with your personal account manager, you will be sent a Contract Summary outlining the details. This document will include giving you instructions on how to transfer your funds to Moneycorp. Your account manager will also explain how to send funds to your nominated bank account(s) following the transaction. For further information regarding the different options when buying your currency, please click here 4. Payment methods You may use one of a variety of payment methods to send your funds to Moneycorp. Everything will be explained clearly by our staff and there is a dedicated customer service team who can help you with any questions you might have. Poms in Oz & Moneycorp Exclusively for PomsInOz members, you will not pay any transfer fees when sending your money overseas. Register with Moneycorp by clicking here For more information call +44 (0)20 7589 3000, or +61 2 8228 1490 ~ please remember to quote PomsInOz.
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