who!is!moneycorp? - live and invest overseas · 2019-11-22 · whoorwhatis moneycorp? 1979 started...
TRANSCRIPT
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Agenda
Q and A
Who is moneycorp?
Currency update
U7lizing moneycorp to transfer funds
Q & A
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Who or what is moneycorp?
1979 started dealing in foreign exchange
Offices in the USA, UK, throughout Europe, South America
9.2 million customer transactions last year
$18bn traded in currencies last year in over 90 currencies
Over 800 dedicated employees
Regulated by Fincen and FSA for the provision of payments
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Moneycorp customer profiles
Clients
Immigra7on
Family Remi@ance
Overseas property purchases
Overseas investments
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Key Ques;ons to ask § Be sure to ask about the local currency § Be sure to ask which currency property is se@led or closed in § Be sure to ask which currency your expenses will need to be paid
Probably YES: Europe (Portugal, France, Italy,…..) South America (Brazil, Colombia…..)
Asia…..
Probably NO: Central America and Caribbean Mexico
Will I need to exchange currency?
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United States Dollar USD
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US Dollar’s impact
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Historical EUR/USD
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Exchange rates – EUR/USD
1.4102
1.1305
25% change over last 2 years
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Timing and buying power
EUR Transfer $100,000
1.4102=€70,900
1.1305 = €88,456
SAVING €17,500 $23,000
Apr 2014
August 2016
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Exchange rate comparison
Buying Euros with $100,000
Interbank 1.12
moneycorp .80% margin 1.1290 €88,573
US bank 5% margin 1.1865 €84,288
A difference of €4,200 or $4,800 *US banks typically have a margin of 3-‐8% plus transfer fees *US banks have poor trading execu7on *How is moneycorp able to do this?
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Example for a renter
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Buying € 12,000 example
Euros needed Amount in USD Interbank 1.12
US Bank
€12,000
$14,160
1.1800
moneycorp €12,000 $13,536 1.1280
* A difference of $624.00
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Property purchase example
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Buying € 200,000 example
Euros needed Amount in USD Interbank 1.13
US Bank
€200,000
$236,000
1.1800
moneycorp €200,000 $225,000 1.1290
* A difference of $10,200
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Different ways to buy currency with moneycorp
Immediate transaction
Lock favourable
rates
Target a rate
Spot Forward Market orders
Online placorm
24/7 access
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Account Highlights – from our clients
3rd par;es – send and receive 3rd party wires….to ;tle company, from property manager, to and from friends
Stored beneficiaries – stored beneficiary details to make repeat transfers
Access to funds – access and move your funds with ease without limits from anywhere in the world
Hold currencies on account – A client can hold as many currencies on account as they like
Personal 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
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Summary
USD is strong against other currencies
Timing, execution, and expertise are critical
Compare----ask moneycorp
Ask about local currency and settlement
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Q&A
*Register at our exhibit to receive currency weekly updates from our professionals via email *moneycorp is offering preferred rates of exchange for all a@endees of the Re7re Overseas Conference