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John from Moneycorp

Currency transfers – it’s all about the timing!

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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 funds into Aussie dollars. That’s where Moneycorp can help.

Currency markets are constantly fluctuating, but their experts can monitor them for you, helping you trade at the right time, in the right way – when rates are in your favour. As a result, you’ll get more dollars for your pounds.

Timing is key

It’s important to plan ahead to give yourself an opportunity to take advantage of any favourable exchange rate movements. Leaving your currency transfers to the last minute can cost you more than you might think.

If you were transferring £50,000 into Australian dollars on the dates below, you would have received the following:

17 March 2011 A$82,235

12 May 2011 A$77,185

That’s a difference of A$5,050 (or £3,310) in just over two months!

How Moneycorp can help

As a foreign exchange and international money transfer specialist, getting the best rates of exchange for their customers is what Moneycorp is all about. Plus, for Poms in Oz members, all transfer fees will be waived.

Their expert dealers provide information and guidance on the currency markets, helping you decide on the best time to buy your Australian dollars. Regardless of the size of the transfer you need to make, Moneycorp will keep the process quick, cost-effective and hassle-free.

Moneycorp has direct access to special interbank rates, which means they can offer you highly competitive deals – often beating highstreet bank rates by more than 3%.

Register with Moneycorp

You can open a free, no-obligation Account with Moneycorp by clicking here.

Alternatively, you can call them on +44 (0)20 7589 3000.

Please remember to quote Poms in Oz when you get in touch.

In safe hands

Moneycorp has been trading foreign currencies for over 30 years and has an unrivalled reputation within the industry. They utilise the most secure payment systems and are authorised and regulated by the Financial Services Authority (FSA) for the conduct of designated investment business and the provision of payment services.

Click here for more information.

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