currency conversion and transfers
TRANSCRIPT
Live and Invest Overseas - Portugal
Curreny Conversion and Transfers
Agenda
FAQ and Q and A
Who is moneycorp?
EUR/USD Currency update
Utilizing moneycorp to transfer funds
€
Q & A
Who or what is moneycorp?
1979 started dealing in foreign 1979 started dealing in foreign exchangeexchange
Offices in the USA, UK, throughout Offices in the USA, UK, throughout Europe, South AmericaEurope, South America
9.2 million customer transactions last year9.2 million customer transactions last year
$18bn traded in currencies last year in $18bn traded in currencies last year in over 90 currenciesover 90 currencies
Over 900 dedicated employeesOver 900 dedicated employees
Regulated by Fincen and FSA for the Regulated by Fincen and FSA for the provision of paymentsprovision of payments
Moneycorp customer profiles
Clients
-Immigration and visa purchases-business purchase
-Luxury travel and products
-Overseas property purchases/maintanance-Overseas investments
-Pension/Retirement fund transfers-friends and family
Historical EUR/USD
5
Exchange rates – EUR/USD
1.4102
1.1305
25% change over last 2 years
How does this translate to actual money?
Timing and buying power
EUR Transfer $100,000
Apr2014
August 2016
8
Exchange rate comparison
Buying Euros with $100,000
Interbank 1.1050
moneycorp .80% margin 1.1120 €90,030
US bank 5% margin 1.1665 €85,520
A difference of €4,500 or $5,000
*US banks typically have a margin of 3-8% plus transfer fees*US banks have poor trading execution*How is moneycorp able to do this?
moneycorp vs US bank
9
Buying € 200,000 example
Euros needed Amount in USD Interbank 1.13US Bank €200,000 $236,000 1.1800
moneycorp €200,000 $227,000 1.1380
* A difference of $9,000
Different ways to buy currency with moneycorp
Immediatetransaction
Lockfavourable
rates
Target a rate
Spot Forward Market orders
Online platform
24/7 access
Account Highlights – from our clients
3rd parties – send and receive 3rd party wires….to title company, from property manager, to and from friendsStored beneficiaries – stored beneficiary details to make repeat transfers Access to funds – access and move your funds with ease without limits from anywhere in the worldHold currencies on account – A client can hold as many currencies on account as they likePersonal Account Manager – Every client of moneycorp has a personal account manager that understands the clients needs
No balance – A client does not have to have a balance or keep funds on account
Summary
USD is strong against the EURUSD is strong against the EUR
Timing, execution, and expertise are criticalTiming, execution, and expertise are critical
Compare----ask moneycorpCompare----ask moneycorp
Currency matters Currency matters
Thank You
13
Q&A
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*moneycorp is offering preferred rates of exchange and expert guidance for all attendees of the Live and Invest Overseas Conference