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  1. 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
  2. Ian from SendPayments.com

    Now is the best time to transfer money to the UK in 5 years

    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
  3. John from Moneycorp

    Sending money back to the UK

    Whether you’ve moved to Australia for good, or are working Down Under and plan to head back to Blighty one day, you may still need to transfer funds to the UK. This could be to transfer rental income from a property, or it might be to maintain a home in the UK or send money to a child or grandchild studying in the UK. Whatever your reason for sending money back to the UK, using a foreign exchange specialist rather than your high street bank could make a significant difference to the amount of sterling that arrives in your account. This is not only because you will have the benefit of great exchange rates and low transfer fees, but also you will be provided with expert market guidance and specialist services to help you make the most of your money. A specialist can talk you through the transfer process and their in-depth market knowledge can help you mitigate the risk of the unpredictable foreign exchange market and potentially protect against rate volatility. Another aspect to consider, particularly if you’re making regular payments to and from the UK, is how the transfers take place. As well as dealing with foreign exchange specialists over the phone, you should be able to make transfers online and even set up automated regular payments to cover, for example, a mortgage payment or property maintenance costs. Once you understand your alternatives, it becomes much easier to make the most of your money when repatriating funds. moneycorp is a foreign exchange specialist company, offering great rates and a range of services delivered online and over the phone. Get started with moneycorp It's free to register for a moneycorp account and you can do this online by clicking here. It only takes a few minutes to register – you can then start saving money on your overseas currency transfers. Once registered, you will be assigned an Account Manager who will be your main point of contact and they can provide quotes and information on the Australian dollar as and when you need it. You can also read more information here on the Poms in Oz currency page: www.moneycorp.com/uk/campaigns/partners/pio/  Moneycorp is a reference to TTT Moneycorp Pty Limited which is registered in Australia (business number 116612858). Its principal place of business is Level 15 Exchange Tower, 2 The Esplanade, Perth WA 6000, Australia. TTT Moneycorp Pty Limited is authorised to deal in foreign exchange contracts and buy/sell quotes to retail and wholesale clients as an Authorised Representative (reference number 445555) of Rochford Capital Pty Limited (AFSL License No. 361276).
  4. John from Moneycorp

    Sending money back to the UK

    Whether you’ve moved to Australia for good, or are working Down Under and plan to head back to Blighty one day, you may still need to transfer funds to the UK. This could be to transfer rental income from a property, or it might be to maintain a home in the UK or send money to a child or grandchild studying in the UK. Whatever your reason for sending money back to the UK, using a foreign exchange specialist rather than your high street bank could make a significant difference to the amount of sterling that arrives in your account. This is not only because you will have the benefit of great exchange rates and low transfer fees, but also you will be provided with expert market guidance and specialist services to help you make the most of your money. A specialist can talk you through the transfer process and their in-depth market knowledge can help you mitigate the risk of the unpredictable foreign exchange market and potentially protect against rate volatility. Another aspect to consider, particularly if you’re making regular payments to and from the UK, is how the transfers take place. As well as dealing with foreign exchange specialists over the phone, you should be able to make transfers online and even set up automated regular payments to cover, for example, a mortgage payment or property maintenance costs. Once you understand your alternatives, it becomes much easier to make the most of your money when repatriating funds. moneycorp is a foreign exchange specialist company, offering great rates and a range of services delivered online and over the phone. Get started with moneycorp It's free to register for a moneycorp account and you can do this online by clicking here. It only takes a few minutes to register – you can then start saving money on your overseas currency transfers. Once registered, you will be assigned an Account Manager who will be your main point of contact and they can provide quotes and information on the Australian dollar as and when you need it. You can also read more information here on the Poms in Oz currency page: www.moneycorp.com/uk/campaigns/partners/pio/  Moneycorp is a reference to TTT Moneycorp Pty Limited which is registered in Australia (business number 116612858). Its principal place of business is Level 15 Exchange Tower, 2 The Esplanade, Perth WA 6000, Australia. TTT Moneycorp Pty Limited is authorised to deal in foreign exchange contracts and buy/sell quotes to retail and wholesale clients as an Authorised Representative (reference number 445555) of Rochford Capital Pty Limited (AFSL License No. 361276).
  5. John from Moneycorp

    Great exchange rates with moneycorp

    Great exchange rates with moneycorp Are you transferring money to or from Australia? If so then get great exchange rates with moneycorp – plus, as a special offer for Poms in Oz forum members, there will be no transfer fee charges. High street banks can typically charge £10-£40 in transfer fees when making an international payment. See the table below for an illustration on the potential savings you could make by using moneycorp. *based on an exchange rate comparison taken on 1st January 2018 between Lloyds, HSBC, Natwest and moneycorp. Please note that there are additional costs with the service, the high-street banks typically charge £10-£40. Get started with moneycorp and start saving money – https://www.moneycorp.com/uk/campaigns/partners/pio/ Moneycorp is a reference to TTT Moneycorp Pty Limited which is registered in Australia (business number 116612858). Its principal place of business is Level 15 Exchange Tower, 2 The Esplanade, Perth WA 6000, Australia. TTT Moneycorp Pty Limited is authorised to deal in foreign exchange contracts and buy/sell quotes to retail and wholesale clients as an Authorised Representative (reference number 445555) of Rochford Capital Pty Limited (AFSL License No. 361276).
  6. By John Kinghorn from Moneycorp Moving to Australia is a big decision. And no doubt you will want to start your new life with as much money as possible. One of the main factors affecting the amount of money you actually start out with is how you choose to exchange your pounds into Australian dollars (or pounds into dollars if sending money back home to the UK). That’s where moneycorp can assist - below are some top tips to help you get the most for your money. Using your bank? Many people leave their foreign exchange in the hands of their bank. Most are unaware that there are other options available to save money. Banks typically won’t offer you as competitive an exchange rate compared with what moneycorp can offer you. The difference in the rate can be up to 4%, meaning you get more Australian dollars for your pounds. Personal service Using a currency specialist company means you can transfer money overseas with the help of your own Account Manager. They will help you transfer money at the right time, in the right way – for example, when rates are more favourable. Your dealer will work closely with you to manage your currency risks. Plan ahead The longer you have to arrange your currency transfer, the more flexibility you will have to ensure you get the best deal and exchange rate. Special offer for forum members No transfer fees if you register through Poms in Oz – banks can charge up to £40 every time you send money overseas therefore you can save money on fees alone. Next steps Interested in saving money on your overseas currency transfers? Well, it is free and there is no obligation to register for a moneycorp account. Once registered, you will have an Account Manager who can provide live quotes as and when you need them, plus they will go through your requirements in detail. They will also provide information and guidance on the Pound/Australian dollar exchange rate Register with moneycorp by clicking here. Make an enquiry or ask a question by clicking here.
  7. Hi everyone, Looking for some advice/discussion... We are back in the uk and have a fair amount of aud to transfer back. We joined Moneycorp recently but are not sure when to do the transfer. The exchange rate is pretty rubbish compared to say early 2013... is there any chance of it returning to those levels or should we get out now? I've been reading a lot about the current climate and it seems like it's not so great at the moment, and there is a key RBA (?) meeting next week which could impact the value of the dollar. I'm not really that clued up on all this stuff, just wondering if anyone with more knowledge could give me their opinion? many thanks!
  8. Hey everyone, We have been watching the falling dollar recently and are keen to move our savings back into pounds. They have already lost a bit of value and we are watching it drop further We recently left Aus and see now how the country appears to be slipping a little further into recession/something like that. We are quite inexperienced with all this type of stuff and are not sure whether to wait, or just move it now before it drops more. What should we look out for as warning signs/positive signs? Anyone else thinking similar thoughts? Interested in people's experiences!
  9. THE Australian dollar has fallen and is trading within a tight range awaiting news on Greece's debt resolution. At 1200 AEDT today, the local currency was trading at 107.84. From 0700 AEDT, the Australian dollar has traded between 107.91 US cents and 108.08 cents. On Tuesday, the Reserve Bank of Australia (RBA) surprised the market by announcing it would keep the official interest rate on hold, despite predictions of a 25-basis-point cut. The RBA's decision prompted the Aussie dollar to rise to 108.12 US cents, its highest point since August. Nomura head of foreign exchange Kurt Magnus said the market was looking to Europe to guide its next movements. "The situation yesterday with the RBA's decision was a shock to the market, and it's seen the Australian dollar stall in a higher range,'' he said. "Today, it's quiet in anticipation of news out of Greece tonight. "Obviously, positive news will see the Australian dollar climb towards those July highs (of 110 US cents) from last year. "Negative news will see the Aussie test the bottom end of the range very rapidly.'' Overnight, a planned austerity meeting in Greece did not go ahead, increasing doubts that the process to resolve the country's debt problem was stalling yet again. Mr Magnus said if the Greek bailout didn't succeed, it would have a notable impact on the Australian dollar's relationship to both the Euro and the US dollar. In the latter case, Mr Magnus said, the Aussie could fall back below its current support of 107.30 US cents. Meanwhile, Australian bond future prices were lower at noon. At 1200 AEDT on Wednesday, the March 10-year bond futures contract was trading at 96.000 (implying a yield of 4.000 per cent), down from 96.015 (3.985 per cent) on Tuesday. The March three-year bond futures contract was at 96.510 (3.490 per cent), down from 96.530 (3.470 per cent).
  10. [WRAP]http://www.pomsinoz.com/images/Holiday.png[/WRAP]The strength of the Australian Dollar over the past few months has enabled a record number of Australians to travel overseas, according to the Expedia NAB Travellers Foreign Currency Rankings. Although the strength of the Aussie dollar has been tempered in the past couple of weeks, the latest Australian Bureau of Statistics figures show overseas departures are close to record highs and had increased by 10 per cent in the seven months to July, compared with the same period last year. Marketing manager of Expedia, Amee Evans said Australian travellers were taking advantage of the strong dollar. "It's a very exciting time to be an Aussie travelling overseas because our currency is at near-record highs against, not just the US Dollar, but many of the world's major and minor currencies," she said. The Expedia NAB travellers' Foreign Currency rankings compared the Australian Dollar against the world's currencies over a 12-month period and the results revealed the 10 best value destinations for Australian travellers. BEST VALUE DESTINATIONS At number one for best value was Turkey, where the Australian Dollar has rose 22% against the Turkish Lira. Also high on the list for best value were the Tanzanian Shilling and the Argentine Peso which rose by 18% and 14% respectively. Australians wanting a tropical break have done well with Asia featuring strongly in the results. Vietnam and Thailand ranked third and fifth on the list while the Australian dollar grew by 16% against the Vietnamese Dong, 12% against the Thai Baht and 11% against the Hong Kong Dollar. The lowest gain for South East Asia was in Singapore where the Australian Dollar grew by just 3%. As a result of the strong dollar expedia searches for travel in Thailand were up by 73% and searches for travel in Vietnam have rose by 66%. The Australian Dollar had risen 10 per cent against the US Dollar in the last 12 months and although a continual favourite for Australian travellers it has only just scraped in to the top 10 list for best value. Despite not being the best for value a 44% increase has occurred for bookings to the USA. The most popular destinations were Honolulu, New York and Los Angeles. The report showed the Australian Dollar appreciating by 8% against the British Pound and 4% against the Euro but bookings through Expedia.com.au continued to rise for popular destinations London, Rome and Paris. In the past 12 months the Australian Dollar has lost 5% against the Swiss Franc and 2% against the New Zealand Dollar. Currency Strategist at National Australia Bank Emma Lawson said the resources boom and high commodity prices had benefit for the Australian Dollar. "The Australian Dollar has outperformed in the year as it benefits from the ongoing resource boom and high commodity prices. More recently it has been a little more volatile but we expect it to remain relatively strong across a broad range of currencies due to Australia's AAA status, and continued support from the resources sector," she said.
  11. Weekly currency update from Moneycorp [moneycorp]10168283[/moneycorp]
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