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Showing results for tags 'foreign exchange'.
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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 & FinanceThe 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
Now is the best time to transfer money to the UK in 5 years
Ian from SendPayments.com posted a topic in Money & FinanceThe 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
An understandably volatile week in Currency predicted.
Susan from Moneycorp posted a topic in Money & FinanceWith 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.
That Was The Week That Was..... Nasty numbers.
Susan from Moneycorp posted a topic in Money and FinanceUS-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/
Susan from Moneycorp posted a topic in Money & FinanceHi everyone! Just thought I'd say Hello and introduce myself - my name's Susan and I look after the Moneycorp Australia office over here in Sydney I've been here a while - originally from the UK - and have been through the Migration process myself; so I completely understand how frustrating/painful/maddening/exciting/brilliant/crazy it can be! I do a lot of travelling & have been in the Banking business most of my life, so if I can help in any way just ask the questions
Managing your income and investments overseas:
Susan from Moneycorp posted a topic in Money & FinanceHi everyone ~ Happy Friday! So many of us have investments both here and in the UK: shares, rental income, pensions ~ here's a white paper we wrote with this specifically in mind: https://www.moneycorp.com/en-gb/news-hub/managing-investments-and-income-overseas/
Benefits of using a foreign exchange specialist
John from Moneycorp posted an article in Money and FinanceBenefits of using a foreign exchange specialist By John Kinghorn from moneycorp If you’re sending money overseas, you may think using your local bank is the most convenient and efficient option, but working with a currency exchange specialist can give you access to great value rates and services that your bank may not be willing to provide. In addition, a specialist can offer expert guidance to help you navigate the fluctuating currency market. As an ex-pat, you could have a number of reasons why you need to convert currency, and accessing great rates and avoiding high fees could have a significant impact on the money you receive for any of the following: · Buying a home in Australia; · Converting UK rental income into Australian dollars; · Repatriating Australian dollars back to the UK; · Receiving your pension payments; · Transferring money to friends and family overseas. As well as great rates and lower fees than most high street banks, a specialist can also offer a range of product solutions to help you manage all your foreign exchange requirements · Spot contracts for urgent payments which allow for same-day exchange and transfer; · Stop-loss orders to prevent against precipitous drops in the exchange rate; · Rate targeting and tracking to help you make the most of your money ; · Regular payment plans to fix rates and collect funds from a UK account by direct debit for overseas payments; · Easy-access online account management, supported by an expert team available on the phone. Get started with moneycorp moneycorp offers all our clients a professional service that helps you transfer money across borders and let you get on with enjoying your new life in Australia. It’s free to register for a moneycorp account and you can do this online by clicking here. You can also read more information here on the Poms in Oz currency page – 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).
FX transfer UK to Aus
Mattcouts posted a topic in Money & FinanceHi My partner and I are moving to Aus (she's an Aussie) in the autumn 2018. We have quite a bit of savings which we are keen to move over to Aus for a house. We will look to buy early/mid 2019 between North Sydney and the Central Coast. GBP/AUD is at a low but clearly it could get worse if Brexit negotiations go badly/ no deal but could do better if we get a decent deal/ not a terrible deal. What I and no one else can do is predict what is likely to happen but I am interested to know if anyone has been in a similar situation and what strategies you used to move money over, did you do it in stages, wait for the uptick, do it in £5000 chunks?... any/ all ideas welcome. Thanks Matt
Is it possible to get/pay for professional forex advice on when to move large sums?
Guest posted a topic in Money & FinanceHi there, I am looking to transfer money from the UK to buy a house in Oz within the next year or so. I've used a forex company to transfer smaller sums and I'm aware of options like forward contracts and limit orders to help protect against exchange rate fluctuations when moving larger sums. But I'd really like advice from someone who understands the markets on the best time to move the money. Does anyone know whether there are companies that offer this? A fellow Pom mentioned having transferred the proceeds of a UK house sale some years back, and says he paid commission to an advisor who helped him decide on the best moment to make the transfer, and the commission paid was well worth it. He can't remember who he used, and I can't find a service like this on google. My forex company say they don't offer anything like this. Obviously no one has a crystal ball, but I'm guessing an expert broker would be in a much better position to make the call than I am! Many thanks for any help!
Chat with experts in banking, money transfers, shipping & vehicle imports
Cerberus1 posted a topic in Money & FinanceJust a quick reminder that we'll be holding one of our regular chat events tomorrow evening. Plan ahead by moving overseas with the experts! Moving to Australia is not without its ups and downs. To make sure you stay ahead of the game, it pays to be well informed. Everyone wants to start their new life down under with as much money as possible and there are a number of things you can do to ensure you make the most of your funds. Key topics always discussed on the forum include moving your possessions, shipping your car, transferring your money into your new Australian bank account and job hunting. Poms in Oz is hosting Live Chat sessions with leading experts in banking, currency exchange, international removals, job searching & vehicle importation and these sessions will take place on 22nd March 2011 from 8pm-10pm (UK Time). National Australia Bank, Moneycorp, PSS International Removals, Hire A Migrant and Iron Chef Imports will be on hand to answer any questions you may have about your move. To participate, click on the 'chat' menu option at the top of the page. Clicking on chat will launch the chat software. There will different 'rooms' for each of the different companies. Unregistered guests can participate by following this link - Chat with Industry Experts, then, once the chat software has loaded, tick the 'Guest' option at the top of the chat window, then choose a username and click 'Login' and enter the 'Moneycorp, NAB, PSS or Ironchef' chat rooms. National Australia Bank [img2=right]http://www.pomsinoz.com/images/chat-nab.png[/img2] Rebecca Joils will talk about the Australian Banking system providing you with some insights as to what is different between the UK and Australia. She will also talk about how straight forward it is to open an Australian Bank account before you leave home and some of the services you should consider. Moneycorp [img2=right]http://www.pomsinoz.com/images/chat-moneycorp.png[/img2] Whether you are moving to Australia, or living there already, John Kinghorn will bring you the latest updates on the Aussie dollar and provide insight into the key factors influencing market movements. Exchange rates are constantly fluctuating and transferring your funds at the right time, via the right channel, can make a big difference to the amount of money you actually end up with. PSS International Removals [img2=right]http://www.pomsinoz.com/images/chat-pss.png[/img2] One of the key ingredients when you are moving overseas is the planning of your removal. Liam Witham will be on hand to offer advice and answer any questions you may have regarding the packing and shipping of your household effects, including what items you can ship to Australia, Australian Customs procedures and AQIS. Whether you are importing household effects or just a vehicle, it is never too early to start researching or to start the process. Hire A Migrant [img2=right]http://www.pomsinoz.com/images/hireamigrant.jpg[/img2] Jamie Smith will answer questions about how Hire A Migrant can find your next employer while you remain at home with family - and your existing employer . Learn how Hire A Migrant makes direct approach to targeted employers, avoids unhelpful recruiters, impersonal job boards and taps into the 75% of jobs that are not advertised in Australia - so you can keep earning a wage in current employment and keep your family together. You'll also find out the true costs of doing-it-yourself to find a job in Australia. Iron Chef Imports [img2=right]http://www.pomsinoz.com/images/ironchef.gif[/img2] Iron Chef Imports is a small, Australian-based business that specialises in arranging transportation of vehicles from anywhere in the world to any port in Australia. For a fixed brokerage fee, we can help arrange your vehicle's import approval paperwork, shipping, customs clearance and registration in Australia. Aside from our fee, all other costs are invoiced to you directly - no hidden markups! We're also happy to advise you if it's worth bringing your car over before you start (that part's free!).