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This week is the best time in 2022 to transfer money back to the UK
Ian from SendPayments.com posted a topic in Money & Finance
The past 24 hours have seen the Australian Dollar strengthen against the Pound to reach the high of 2022 so far, so if you are considering transferring any funds back to the UK now could be a good time for you. A combination of the Royal Bank of Australia hinting at potential interest rate hikes and the escalating tensions in the Ukraine are two of the major causes for the AUD gaining momentum. Poms in Oz have partnered with multi-award winning Australian based (but founded by two Poms), Send Payments to provide our members with a cost-effective method to transfer funds securely from Australia to the UK. Receive a free exchange rate quote- 13 replies
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Now is the best time to transfer money to the UK in 5 years
Ian from SendPayments.com posted a topic in Money & Finance
The past 24 hours have seen the Australian Dollar surge to highs v the Pound that PIO members will not have experienced since 2017*, so if you are considering transferring any funds back to the UK now could be a good time for you. A combination of the Royal Bank of Australia leaving its cash rate unchanged at 0.1%, soaring commodity prices, a strong trade surplus and the ongoing war in Ukraine are the major contributing factors aiding this. Poms in Oz have partnered with multi-award winning Australian based (but founded by two Poms), Send Payments to provide our members with a cost-effective method to transfer funds securely from Australia to the UK. Receive a free exchange rate quote *Article written on 06/04/22 -
Now is the best time to transfer money to the UK in 5 years
Ian from SendPayments.com posted a topic in UK Chat
The past 24 hours have seen the Australian Dollar surge to highs v the Pound that PIO members will not have experienced since 2017*, so if you are considering transferring any funds back to the UK now could be a good time for you. A combination of the Royal Bank of Australia leaving its cash rate unchanged at 0.1%, soaring commodity prices, a strong trade surplus and the ongoing war in Ukraine are the major contributing factors aiding this. Poms in Oz have partnered with multi-award winning Australian based (but founded by two Poms), Send Payments to provide our members with a cost-effective method to transfer funds securely from Australia to the UK. Receive a free exchange rate quote *Article written on 06/04/22 -
A Members Guide to Sending Money to and from Australia
Cerberus1 posted a topic in Money and Finance
Poms in Oz have partnered with Send, to help assist our members transfer funds securely to and from Australia and the UK and to ensure they receive significantly better exchange rates than the banks. Their Co-founders (both from Cornwall and now residing in SE Queensland) have been in the industry both in the UK and Australia for over 20 years, so they know about the pain points associated with sending money internationally, be it a few thousand dollars or a several million. Send’s Australian based team are here to help assist and guide our members in achieving the best returns when transferring money internationally, be it for; UK Pension transfers Property sale/purchases Relocating to and from Australia Cashing out your super when returning to the UK Receiving an inheritance or simply sending money to loved ones. Already have a provider similar to Send? Contact them and see how they compare. 1. Submit your enquiry with Send To start making or receiving a money transfer, you will need to open an account with Send. Submit your contact details here to get the ball rolling. 2. Opening your free account via the Send portal Once you have submitted your contact details above via the link, you will be sent an email to register via the Send portal to open your account- it’s quick, simple and very user-friendly. 3. Book your transfer online 24/7 or speak to a personal account manager Within the portal you can you can self-serve your needs which include viewing their exchange rates, adding the bank account details of where you want your money sent and confirming your transfer. Send realise that sometimes (particularly when transferring large amounts of money) you may wish to speak to somebody and discuss the process, security and rates. That’s fine, you will be assigned a personal account manager based in Australia that you can speak to on the phone.\ Contact Send today to see how much they can save you.-
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2021: The Outlook for the New Year in Currency
Susan from Moneycorp posted a topic in Money & Finance
Good afternoon everyone ~ and a Happy 2021 to anyone I haven't spoken to already! I hope this year (& beyond) you'll be blessed with good health, good fortune and the continued support of good friends and family. Rather than reflect on the year that was - our Global Economists thought they'd take a look at what's coming up in the year ahead ~ hopefully a lot more positive than delving into the past! Here's what we're thinking for 2021: https://www.moneycorp.com/en-au/news-hub/the-future-of-currencies-in-2021/ -
A big surge in the Australian dollar; continued disharmony in the USA; slow but steady improvement in Europe - and Brexit Brexit Brexit. That Was The Week That Was. https://www.moneycorp.com/en-au/news-hub/weekly-brief-11-november-2020/
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Australian Retail Sales up; Better than expected economic data for the UK; Low sentiment and low hopes in the Eurozone, and the relentlessly Un-United States of America. That Was The Week That Was. https://www.moneycorp.com/en-au/news-hub/weekly-brief-27-november-2020/
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With so much economic and political news bombarding us all, especially in the most recent few months, we thought we'd clarify what's been going on for all our friends at Poms In Oz as we head towards the end of our year ~ Here's the round up: https://www.moneycorp.com/en-au/news-hub/aud-update-as-we-head-towards-the-end-of-the-year/
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The Reserve Bank confirms another AUD base rate cut; The new NZ Cabinet is officially assembled; The UK "unprepared for the changes coming" and; The citizens of North America finally go to vote. That Was The Week That Was. https://www.moneycorp.com/en-au/news-hub/weekly-brief-06-november-2020/
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An understandably volatile week in Currency predicted.
Susan from Moneycorp posted a topic in Money & Finance
With the U.S. Election, plus the Tuesday statement on Australian interest rates due from the Reserve Bank and ongoing Brexit discussion announcements from the UK, the market is expected to be understandably volatile this week. We suggest that anyone looking to reach a specific rate leave an order with your FX specialist so that, if there are sudden moves, you don't miss the opportunity to buy or sell your currency. GBP/AUD currently trading at 1.8420 - market currently seeing the emphasis to the upside with the next resistance at 1.8500 AUD/USD currently trading at 0.7008 - market seeing the trend to the downside with the next support at 0.6970, then 0.6900 Our team will be on-hand 24/7 for our Poms In Oz members - in Australian time on our Sydney office number from 8am: 0414 838586 and, after 7.00pm (AEDT) on 02 8228 1490. -
Further rate cuts on the horizon for the AUD; an expected landslide for Jacinda Ardern; a barely-acknowledged Brexit deadline passes for Boris Johnson and continued chaos in the clearly un-United States of America. That Was The Week That Was. https://www.moneycorp.com/en-au/news-hub/weekly-brief-23-october-2020/
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With less than a month to go until the U.S. Election, we look at what may be in store for the currency markets: www.moneycorp.com/en-au/news-hub/can-trump-win-again/
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Heightened tensions with China, Slow but steady in New Zealand, Encouraging numbers from the UK and the continuing demise of the extremely Un-United States of America. That Was The Week That Was. https://www.moneycorp.com/en-au/news-hub/weekly-brief-4-september-20203/
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With division growing wider by the day in the US and Consumer confidence at a 6-year low, stronger than forecast Retail Sales seem to be giving the AUD and GBP something unexpected to smile about in the short--term ~ https://www.moneycorp.com/en-au/news-hub/weekly-brief-14-august-20203/
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A Guide to Sending Money Overseas Hundreds of 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. The following text outlines 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 a form giving you instructions on how to transfer your funds to Moneycorp. The Contract Summary will also include a Transfer Instruction form, on which you will need to put details of the bank account(s) into which you would like your currency to be paid following your 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, please remember to quote PomsInOz.
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A storming end to the week for the Pound; the Australian Dollar continues to soar; continued water-treading for the Euro and the division and disagreement continues in the US. That Was The Week That Was. https://www.moneycorp.com/en-au/news-hub/weekly-brief-31-july-202022/
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The fears grow around an Australian second wave; true extent of UK unemployment causing concern; a few (Japanese) stumbling blocks for the NZD and the US seemingly going from bad to worse. Depending on whose Tweet you read. That Was The Week That Was. https://www.moneycorp.com/en-au/news-hub/weekly-brief-17-july-2020/
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With many governments now relaxing their Covid guidelines on the International education sector, overseas students have started to return to their foreign campuses ~ https://www.moneycorp.com/en-au/news-hub/top-ten-budgeting-tips-for-international-students/
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The second wave in Victoria; UK pledging another £30B to keep the economy going; An up and down week in the Euro and yet more division and dis-unity in the un-United States of America. That Was the Week that Was. https://www.moneycorp.com/en-au/news-hub/weekly-brief-03-july-20202/
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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/
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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/
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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/
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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/
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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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That Was The Week That Was..... Nasty numbers.
Susan from Moneycorp posted a topic in Money and Finance
US-China relations look strained, Australia-China relations look strained, Boris is back with the Churchillian spirit and even the worst statistics cannot dampen the US stock market. "Sell in May, Go away" might just be the wisest piece of advice for the risk (& ulcer) averse. https://www.moneycorp.com/en-au/news-hub/nasty-numbers/
