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  1. I have received many messages recently on the pound against the Australian dollar – below is further information on what could shape the exchange rate over the next few months. For GBP/AUD, the trend is currently towards a weaker Aussie dollar. The exchange rate, in the short term and what will happen next, is currently dependent mainly on the following factors: Eurozone situation – The Greek situation in particular causing investors to shun high yielding ‘riskier’ assets, which has proved to be negative for the Aussie dollar. The British pound on the other hand has benefitted from a relative safe haven status having retained its AAA credit rating, resulting in a flight away from the beleaguered Euro and into sterling and UK Government bonds, resulting in a higher GBP/AUD$ rate of exchange which means it is better for those converting their pounds into Aussie dollars) – if the Eurozone situation continues to deteriorate, this is likely to further weaken the Aussie dollar. Interest rates - Having seen the Reserve Bank of Australia cut its interest rate from 4.25% to 3.75% in April, the high yield advantage is now being eroded. Australia’s Prime Minister Julia Gillard has also recently stated that her government will return the budget to a surplus during the next fiscal year providing scope to adjust interest rates. Some analysts are predicting another interest rate cut in Australia soon, maybe as early as June, which again could be negative for the Australian dollar. China - Australia’s largest trade partner China has seen a considerable slowdown in economic growth recently with the most latest GDP reading down to 8.1% annualised from the previous result of 8.9% in the final quarter of 2011. Their decline in growth rate will undoubtedly dampen their previously insatiable demands for Australia’s natural resources. Considering that the Australian economy has been driven by its mining boom, the recent RBA decision to cut has been well received with the aim to help stimulate some form of domestic growth. Any data released in the Australia and the UK, of course, could have an impact on the exchange rate – much is dependent on what happens in these factors above in relation to the exchange rate over the next few months. Thanks John
  2. 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).
  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. If you’re looking to emigrate to Australia and buy a property there, you might think that you have enough on your plate organising that and send the payments via your high street bank. However, working with a currency exchange specialist could save you money and simplify the process because there are a lot of discrete costs. High street banks can charge between £20 and £40 per transfer on average, and when you take a look at all the payments you need to make, those costs can really add up.Even if you have the money to invest in the property without taking out a mortgage, you’ll need to make payments for both the deposit to secure the property and the final payment. You might think that the ease of working with your bank is worth the cost of those two transfer fees, but you’ll find that there are many more payments required. You’ll need government approval as a foreign investor in the form of permission from the Foreign Investment Review Board (FIRB) and that application will cost you a fee, depending on the cost of the property. Then you’ll have two forms of stamp duty – the standard cost and potentially an additional Foreign Citizen stamp duty. There are also all the costs that are entailed in purchasing a property including legal, valuation and conveyancing fees, pest and building inspections, title registration, removal costs, council and water rates, telephone and broadband set up. Think again about those fees from a high street bank, you could now be looking at a cost of hundreds of pounds to fulfil all these requirements.Low fees aren’t the only advantage of a specialist currency broker. You’ll also have access to great rates, and a range of products which help you manage your funds across borders. For example, if you’re worried about fluctuations in the currency exchange market impacting your budget, you could set a rate at the beginning of the process and use this for all your payments by entering into a forward contract. Please note a forward contract may require a deposit.A specialist may also offer regular payment plans to transfer funds automatically to an overseas bank account. This may be to fulfil scheduled costs or to provide regular income to your Australian account such as a pension payment or income from renting out a property. Funds can be collected using a direct debit, converted to Australian dollars and delivered to your local account. Again, if you’re worried about the impact of currency fluctuations, there are options to specify the amount of funds outgoing in sterling, or incoming in Australian dollars, or both if you choose to use a forward contract and lock in an agreed rate.Before you go to your high street bank to organise payments for your property in Australia, it’s worth finding out about the alternative ways to move your money across borders. To make the most of your funds and stay in control of the process, it’s best to plan ahead and work with a specialist who can put the right tools at your disposal.Moving to Australia or already moved – get started moneycorp have helped thousands of people with their money transfers to and from Australia. 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/Please mention Poms in Oz when contacting moneycorp so you can benefit from paying no transfer fees when transferring your money overseas. 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. If you’re looking to emigrate to Australia and buy a property there, you might think that you have enough on your plate organising that and send the payments via your high street bank. However, working with a currency exchange specialist could save you money and simplify the process because there are a lot of discrete costs. High street banks can charge between £20 and £40 per transfer on average, and when you take a look at all the payments you need to make, those costs can really add up.Even if you have the money to invest in the property without taking out a mortgage, you’ll need to make payments for both the deposit to secure the property and the final payment. You might think that the ease of working with your bank is worth the cost of those two transfer fees, but you’ll find that there are many more payments required. You’ll need government approval as a foreign investor in the form of permission from the Foreign Investment Review Board (FIRB) and that application will cost you a fee, depending on the cost of the property. Then you’ll have two forms of stamp duty – the standard cost and potentially an additional Foreign Citizen stamp duty. There are also all the costs that are entailed in purchasing a property including legal, valuation and conveyancing fees, pest and building inspections, title registration, removal costs, council and water rates, telephone and broadband set up. Think again about those fees from a high street bank, you could now be looking at a cost of hundreds of pounds to fulfil all these requirements.Low fees aren’t the only advantage of a specialist currency broker. You’ll also have access to great rates, and a range of products which help you manage your funds across borders. For example, if you’re worried about fluctuations in the currency exchange market impacting your budget, you could set a rate at the beginning of the process and use this for all your payments by entering into a forward contract. Please note a forward contract may require a deposit.A specialist may also offer regular payment plans to transfer funds automatically to an overseas bank account. This may be to fulfil scheduled costs or to provide regular income to your Australian account such as a pension payment or income from renting out a property. Funds can be collected using a direct debit, converted to Australian dollars and delivered to your local account. Again, if you’re worried about the impact of currency fluctuations, there are options to specify the amount of funds outgoing in sterling, or incoming in Australian dollars, or both if you choose to use a forward contract and lock in an agreed rate.Before you go to your high street bank to organise payments for your property in Australia, it’s worth finding out about the alternative ways to move your money across borders. To make the most of your funds and stay in control of the process, it’s best to plan ahead and work with a specialist who can put the right tools at your disposal.Moving to Australia or already moved – get started moneycorp have helped thousands of people with their money transfers to and from Australia. 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/Please mention Poms in Oz when contacting moneycorp so you can benefit from paying no transfer fees when transferring your money overseas. 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). This post has been promoted to an article
  6. 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).
  7. 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).
  8. Transferring money to or from Australia? Save on your international transfers with moneycorp By John Kinghorn from Moneycorp When moving abroad, you want the whole experience to be as smooth as possible. You might have planned your move for years - you’ve even done your research about the best place in Australia to get a nice full English breakfast! After ticking off your (long) emigration checklist and receiving your visas, the time comes to look at your finances. That’s where foreign exchange experts moneycorp can help. They are an alternative to using your high street bank for transferring money to or from Australia. Some of the key aspects and benefits of the service are below. Money-saving foreign exchange since 1979 moneycorp strive to use our expertise to get you great exchange rates and lowest fees on your international money transfers. Protect against market fluctuations The currency market is fast-moving, with exchange rates changing by the second. Transacting when rates are in your favour can make a big difference to the value of your money. Timing is crucial – moneycorp will offer you an Account Manager to guide you and they will provide information, helping you make your money transfers at the best time. Online international money transfers Available 24 hours a day, moneycorp online lets you send money overseas when it's convenient for you, with great exchange rates and there are no transfer fees for Poms in Oz forum members. Moving to Australia or already moved – get started moneycorp have helped thousands of people with their money transfers to and from Australia. 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. Or email currency expert John Kinghorn directly – John.Kinghorn@moneycorp.com TTT Moneycorp Pty Limited, Authorised Representative No. 445555 ABN 46 116 612 858, are Authorised Representatives of Rochford Capital Pty Ltd (AFSL License No. 361276 ABN 40 143 601 594) Jones Bay Wharf, Suite 45, 26-32 Pirrama Road, Pyrmont, NSW 2009.
  9. John from Moneycorp

    Transferring money to or from Australia?

    Save on your international transfers with moneycorp By John Kinghorn from Moneycorp When moving abroad, you want the whole experience to be as smooth as possible. You might have planned your move for years - you’ve even done your research about the best place in Australia to get a nice full English breakfast! After ticking off your (long) emigration checklist and receiving your visas, the time comes to look at your finances. That’s where foreign exchange experts moneycorp can help. They are an alternative to using your high street bank for transferring money to or from Australia. Some of the key aspects and benefits of the service are below. Money-saving foreign exchange since 1979 moneycorp strive to use our expertise to get you great exchange rates and lowest fees on your international money transfers. Protect against market fluctuations The currency market is fast-moving, with exchange rates changing by the second. Transacting when rates are in your favour can make a big difference to the value of your money. Timing is crucial – moneycorp will offer you an Account Manager to guide you and they will provide information, helping you make your money transfers at the best time. Online international money transfers Available 24 hours a day, moneycorp online lets you send money overseas when it's convenient for you, with great exchange rates and there are no transfer fees for Poms in Oz forum members. Moving to Australia or already moved – get started moneycorp have helped thousands of people with their money transfers to and from Australia. 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. Or email currency expert John Kinghorn directly – John.Kinghorn@moneycorp.com TTT Moneycorp Pty Limited, Authorised Representative No. 445555 ABN 46 116 612 858, are Authorised Representatives of Rochford Capital Pty Ltd (AFSL License No. 361276 ABN 40 143 601 594) Jones Bay Wharf, Suite 45, 26-32 Pirrama Road, Pyrmont, NSW 2009.
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