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Found 62 results

  1. John from Moneycorp

    Currency Transfers with Moneycorp

    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.
  2. Susan from Moneycorp

    That was the week that was.....(8)

    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/
  3. Susan from Moneycorp

    The UK Chancellor's economic outlook -

    For all the Poms In Oz who may be having to juggle both UK and Australian funds - an update on the UK outlook as the economy starts to get back on track: https://www.moneycorp.com/en-gb/news-hub/back-to-business-as-usual/
  4. Susan from Moneycorp

    That was the week that was.....(7)

    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/
  5. 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/
  6. 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.
  7. 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/
  8. 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/
  9. 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/
  10. 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/
  11. 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.
  12. Money back on your account While these times are challenging, markets are still moving. And, with uncertainty, currencies can fluctuate even more, but don’t worry, we keep our clients up-to-date, to help you feel a little more in control. As a little thank you for being a valued Poms in Oz member, you’ll receive £25 when you make an international payment of £2,500+, or £50 for an international payment of £5,000+, before midnight 31. May 2020*. Login to your account or, if you’re a new user, register for a free account using the dedicated PIO link: https://register.moneycorp.com/?rp=10168283 Remember when you make a transfer, you also benefit from: Stay informed with the rates We understand you’ll have other things to focus on, so you don’t need to watch the markets closely as we keep our clients up-to-date with rate alerts. Control your money Lock in a current exchange rate for up to two years with a forward contract (this may require a deposit) if you’re not quite ready to make the payment. Anywhere you need Download our app (UK Only) and make online payments from your mobile 24/7 with our secure online platform. Available for both Android and iOS. Any questions? +61 2 8228 1490 Email us: Australiaenquiries@moneycorp.com Send us your feedback Follow us 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). *Terms & Conditions
  13. 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/
  14. 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/
  15. Susan from Moneycorp

    Member offer: Money back on your Accounts

    Money back on your account While these times are challenging, markets are still moving. And, with uncertainty, currencies can fluctuate even more, but don’t worry, we keep our clients up-to-date, to help you feel a little more in control. As a little thank you for being a valued Poms in Oz member, you’ll receive £25 when you make an international payment of £2,500+, or £50 for an international payment of £5,000+, before midnight 31. May 2020*. Login to your account or, if you’re a new user, register for a free account using the dedicated PIO link: https://register.moneycorp.com/?rp=10168283 Remember when you make a transfer, you also benefit from: Stay informed with the rates We understand you’ll have other things to focus on, so you don’t need to watch the markets closely as we keep our clients up-to-date with rate alerts. Control your money Lock in a current exchange rate for up to two years with a forward contract (this may require a deposit) if you’re not quite ready to make the payment. Anywhere you need Download our app (UK Only) and make online payments from your mobile 24/7 with our secure online platform. Available for both Android and iOS. Any questions? +61 2 8228 1490 Email us: Australiaenquiries@moneycorp.com Send us your feedback Follow us 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). *Terms & Conditions
  16. In the week when a humble, defiant, heroic Centenarian became our new National Treasure, promoted to the rank of Colonel with a Spitfire flyover and the Prime Minister named his new-born son after the Nurses who saved his life, you'd be forgiven for thinking we couldn't find too much more to top that! You're wrong... https://www.moneycorp.com/en-gb/news-hub/weekly-brief-01-may-2020/ As always, please feel free to contact me for a chat!
  17. Susan from Moneycorp

    That was the week that was.....

    HI everyone, With the currency markets being understandably volatile at the moment, I'm going to start posting our weekly reviews to clarify what really happened once the headlines died down. Here's a summary of last week: https://www.moneycorp.com/en-gb/news-hub/weekly-brief-24-april-2020/ As always, feel free to call for a chat anytime: there are a lot of questions at the moment - and they're all valid ones! 0414 838 586 Susan Watts Director of Business TTT Moneycorp PTY Ltd Australia T: +61 414 838586 Weekly currency summary - 24 April 2020.pdf
  18. Susan from Moneycorp

    That was the week that was.....

    HI everyone, With the currency markets being understandably volatile at the moment, I'm going to start posting our weekly reviews to clarify what really happened once the headlines died down. Here's a summary of last week: https://www.moneycorp.com/en-gb/news-hub/weekly-brief-24-april-2020/ As always, feel free to call for a chat anytime: there are a lot of questions at the moment - and they're all valid ones! 0414 838 586 Susan Watts Director of Business TTT Moneycorp PTY Ltd Australia T: +61 414 838586 Weekly currency summary - 24 April 2020.pdf
  19. Susan from Moneycorp

    Weekly currency market update:

    Hi everyone ~ I hope we'll all be able to enjoy the best Easter weekend we can; friends, family and the things you love the most. Just wanted to send through our weekly round-up of the major currency movements from last week's Covid market - understandably a very volatile time - Weekly Update 10.April 2020 GBP Held back by PM’s absence The FX market was not at its most coherent over the shortened pre-holiday week. Initially the mood was upbeat, in anticipation that the tragic Covid-19 pandemic would soon have run its course and that life would return to normal. Then the doubts set in, and then they evaporated again. Sterling found itself in no-man’s land, left behind, in turn by the safe-havens and the commodity dollars. An eventual net average loss of 0.8% left sterling level with the US dollar and cost it a fifth of a euro cent. It lost appreciable ground to the Australian and NZ dollars. Sterling’s situation was not improved by the prime minister in the intensive care unit of St Thomas’s Hospital. In his absence the government found it difficult to avoid looking indecisive and investors were less than impressed. EUR No agreement on fiscal stimulus The purchasing managers’ index readings on Friday provided a reminder of just how difficult life has become for the services sector in parts of Europe. On a scale of 0-100, where 50 represents stagnation and zero means annihilation, Italy scored 17.4 in March. Euroland as a whole was not a whole lot better at 26.4 and the composite euro zone reading was a dismal 29.7 (UK 36.0). For the euro the biggest challenge was the failure of euro zone finance ministers to find common cause on joint fiscal stimulus. After a 16-hour video conference on Tuesday the Eurogroup was unable to agree on a way to provide emergency finance to the countries – particularly Italy – hardest-hit by the tragic Coronavirus. The impasse highlighted the EU’s national divisions but did not prevent it picking up a fifth of a US cent. USD Rides out job losses In the normal course of affairs the single most important US economic statistic is the monthly change in nonfarm payrolls. Over the last 12 months they averaged a 150k increase. Last Friday’s figure, nominally for March, was an aberration, falling 701k. However, the timing of the data completely understated the carnage that has taken place in the US labour market. In the last two weeks 10 million people signed on unemployed and another six million are likely to have joined them in this week’s figures. However, so inured are investors to miserable statistics that there was no reaction from the US dollar. It was unchanged against sterling and a fifth of a cent lower against the euro. AUD This week’s top performer Although the data and economic news from Australia were mostly mediocre, the Aussie was the week’s top performer, strengthening by an average of 1.7% against the other majors. It took more than five cents off sterling and added one and a half US cents. The main driver for the Aussie was the same one that demoted the safe-haven Japanese yen to the back of the field. Investors found renewed confidence that things would be alright as soon as Covid-19 has vanished. It may have been premature but, ‘Fear Of Missing Out’, took risk assets and commodity currencies higher across the board. February’s 0.5% monthly rise in retail sales was irrelevant but the downturn in international trade for the same month was at least in part a function of the shutdown in China. When the Reserve Bank of Australia left its benchmark Cash Rate unchanged at 0.25% on Tuesday it noted that “a very large economic contraction is… expected to be recorded in the June quarter and the unemployment rate is expected to increase to its highest level for many years”. NZD Following the Aussie True to form, the Kiwi shared some, but not all of the Aussie’s fate. This week it had a positive effect, taking the NZ dollar an average of 0.9% higher against its peers. It added one US cent and took three and a half cents off sterling. NZ data showed a 3.9% monthly fall for electronic card retail sales in March and a 1.2% fortnightly increase in dairy prices. The most interesting number, however, was the sharp fall in business confidence. NZIER’s Quarterly Survey of Business Opinion found confidence plummeting from -21% to -70% in March. A net 16% of firms plan to reduce headcount in the next quarter.
  20. Susan from Moneycorp

    £/AU$ markets update from Moneycorp ~

    Hi Everyone, Here's the latest overview that we have regarding the GBP/AUD market: currently 1.9730 as we speak - What’s happening to the AUD/GBP exchange rate? A quick look at the performance of the Australian dollar in the FX market during the global pandemic The Australian dollar has been under pressure all year; as a commodity-based currency, it was among the first to struggle due to the impact of the coronavirus. Now, as the countries implement various forms of lock-down and governments scramble to deliver aid packages to support workers and stalled businesses, the picture has become more complex and there is further volatility in the FX market which is causing fluctuations in the Aussie. The initial stimulus plan announced by the Australian government, including AUD 25,000 to small businesses and AUD 750 to every welfare recipients, did nothing to help the Australian dollar. The measures were announced in concert with a second rate cut from the Reserve Bank of Australia (RBA), which also announced a funding facility for SMEs and a 0.25% target rate for three-year government bonds. Neither did anything to help the Aussie, which fell by an average of 2.1% against a basket of currencies, including three cents to the pound. It isn’t all bad news; the RBA’s AUD 5bn stimulus by buying up government securities did give the Australian dollar a boost and it made gains against the US dollar. The move was seen as a positive for local stock markets which could help the currency in the coming weeks, although investors remain cautious. News from the US Federal Reserve inadvertently provided assistance to the Australian dollar this week at a time when the pound succumbed to the sustained pressure of the crisis. The Aussie made gains against sterling following the Fed’s plans to buy government-backed debt, which led to brief optimism in global financial markets. This optimism extended to a belief in the efficacy of the second coronavirus stimulus package from the Australian government. The relief is now equivalent to almost 10% of Australia’s GDP. At the moment, statistics are largely being ignored but the provisional purchasing managers’ indices from Australia showed a surprise 50.1 for the manufacturing PMI. The composite measure came in at 40.7, however, because the services PMI was recorded at 39.8. The reason that the numbers have such little impact is that such a drop in performance is expected across the globe. The challenge for the Australian dollar is that investors expect that the current crisis may put the country into a prolonged recession. Against the pound, the Australian dollar remains volatile. Both currencies are under pressure and much relies on the effectiveness of the respective government efforts to stem the spread of the virus as well as the economic measures designed to support the economy. The US will also be a factor for both currencies because of the impact on global financial markets and the US dollar is currently under pressure after a support package was stalled in Congress and the government aid response to aid was found lacking. The situation is changing by the hour and if you’re looking to send funds back to the UK or elsewhere in the world, it’s worth working with a currency specialist like moneycorp. As well as allowing you to organise your transfer online or over the phone while you’re staying at home, great rates, low fees and expert guidance on the rapidly evolving market will help you make the most of your money and get it where it needs to be in such difficult times. 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).
  21. https://www.moneycorp.com/en-au/news-hub/what-has-been-the-impact-of-the-coronavirus-on-the-australian-dollar/
  22. Susan from Moneycorp

    It's Valentine's Day!

    It hasn't slipped the minds of those fantastic people in our Copy team that tomorrow's a Special Day..... www.moneycorp.com/en-au/news-hub/sending-love-all-over-the-world/
  23. Morning everyone ~ With the Corona virus understandably having an impact on economies around the world, I thought I'd send through our overview of how trading and commentary went last week in our Australasian zone: https://www.moneycorp.com/globalassets/documents/terms-conditions/tcs/asian-currency-review---07th-february-2020.pdf
  24. Sheena from Moneycorp

    GBP and AUD

    The Australian dollar has been struggling recently against the pound owing to a number of different reasons. The wildfires have caused a huge amount of damage to the country and this is likely to have a knock on effect on the economy. According to Katrina Ell from Moody’s ‘the risk of there being broader macroeconomic spillovers this season are high given the scale of the fires.’ Also, the chances are increasing that the Reserve Bank of Australia (RBA) will look to cut interest rates when they hold their next meeting on 4th February. Economic data has been mixed during 2019 and the RBA has already hinted that it may look to make further cuts to the interest rate. The Australian dollar has also weakened recently over the unrest in the Middle East. As a commodity based currency the AUD can often be adversely affected by geopolitical uncertainty. The currency can often be sold off as investors view the Australian dollar as a riskier based currency. Investors will then typically move money towards safe haven currencies including the US dollar, Swiss franc or the Japanese yen. This can be evidenced when looking at what has happened to those three currencies over the last few weeks.
  25. Sheena from Moneycorp

    GBP and AUD

    The Australian Dollar has faded further from Fridays 5-month highs as speculators took profits on recent gains. Added to this, the bushfires which have wreaked havoc across the whole of Australia continues to burn which is causing untold strain on both the population and wildlife as well as the economy. Recent news broke Friday that the US had confirmed airstrikes on an Iranian military official, this caused the AUD to drop as the safe-haven Yen also fell. The bushfires in Australia continue to rage on, destroying everything it its path. Australian residents, and wildlife have suffered to the fires. The emergency response from the Australian services has been widespread but the effect of the support needed to attempt to manage the fires is costly, and thus the Aussie economy has taken a hit. Added to this, the tourism sector for Australia has taken a hit amongst the news of the fires as many residents are evacuated from their houses. For the GBP, the news is surrounding the ongoing Brexit talks and whether the UK and EU can come to an agreement. Michael Brown, currency expert at Caxton FX mentioned that the UK has lost ground as the new year got underway. With the UK already being hit with poor manufacturing PMIs on Thursday, investors will be hoping for positive revelations from the Brexit talks. Any positive news would give the GBP a boost as fears reduce of a no-deal Brexit occurrence.
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