Who!is!moneycorp? - Live and Invest Overseas · 2019-11-22 · Whoorwhatis moneycorp? 1979 started...

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Agenda Q and A Who is moneycorp? Currency update U7lizing moneycorp to transfer funds Q&A

Transcript of Who!is!moneycorp? - Live and Invest Overseas · 2019-11-22 · Whoorwhatis moneycorp? 1979 started...

Page 1: Who!is!moneycorp? - Live and Invest Overseas · 2019-11-22 · Whoorwhatis moneycorp? 1979 started dealing in foreign exchange Offices in the USA, UK, throughout Europe, South America

Agenda  

 Q  and  A  

Who  is  moneycorp?  

 Currency  update  

U7lizing  moneycorp  to  transfer  funds  

Q  &  A  

Page 2: Who!is!moneycorp? - Live and Invest Overseas · 2019-11-22 · Whoorwhatis moneycorp? 1979 started dealing in foreign exchange Offices in the USA, UK, throughout Europe, South America

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

Page 3: Who!is!moneycorp? - Live and Invest Overseas · 2019-11-22 · Whoorwhatis moneycorp? 1979 started dealing in foreign exchange Offices in the USA, UK, throughout Europe, South America

Moneycorp  customer  profiles  

Clients  

Immigra7on  

Family  Remi@ance  

Overseas  property  purchases  

Overseas  investments  

Page 4: Who!is!moneycorp? - Live and Invest Overseas · 2019-11-22 · Whoorwhatis moneycorp? 1979 started dealing in foreign exchange Offices in the USA, UK, throughout Europe, South America

 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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Page 5: Who!is!moneycorp? - Live and Invest Overseas · 2019-11-22 · Whoorwhatis moneycorp? 1979 started dealing in foreign exchange Offices in the USA, UK, throughout Europe, South America

United  States  Dollar  USD  

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Page 6: Who!is!moneycorp? - Live and Invest Overseas · 2019-11-22 · Whoorwhatis moneycorp? 1979 started dealing in foreign exchange Offices in the USA, UK, throughout Europe, South America

US  Dollar’s  impact  

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Page 7: Who!is!moneycorp? - Live and Invest Overseas · 2019-11-22 · Whoorwhatis moneycorp? 1979 started dealing in foreign exchange Offices in the USA, UK, throughout Europe, South America

     Historical  EUR/USD    

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Page 8: Who!is!moneycorp? - Live and Invest Overseas · 2019-11-22 · Whoorwhatis moneycorp? 1979 started dealing in foreign exchange Offices in the USA, UK, throughout Europe, South America

Exchange  rates    –  EUR/USD  

1.4102  

1.1305  

25%  change  over  last  2  years  

Page 9: Who!is!moneycorp? - Live and Invest Overseas · 2019-11-22 · Whoorwhatis moneycorp? 1979 started dealing in foreign exchange Offices in the USA, UK, throughout Europe, South America

 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  

Page 10: Who!is!moneycorp? - Live and Invest Overseas · 2019-11-22 · Whoorwhatis moneycorp? 1979 started dealing in foreign exchange Offices in the USA, UK, throughout Europe, South America

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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?  

Page 11: Who!is!moneycorp? - Live and Invest Overseas · 2019-11-22 · Whoorwhatis moneycorp? 1979 started dealing in foreign exchange Offices in the USA, UK, throughout Europe, South America

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  

Page 12: Who!is!moneycorp? - Live and Invest Overseas · 2019-11-22 · Whoorwhatis moneycorp? 1979 started dealing in foreign exchange Offices in the USA, UK, throughout Europe, South America

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  

Page 13: Who!is!moneycorp? - Live and Invest Overseas · 2019-11-22 · Whoorwhatis moneycorp? 1979 started dealing in foreign exchange Offices in the USA, UK, throughout Europe, South America

Different  ways  to  buy  currency    with  moneycorp  

Immediate transaction

Lock favourable

rates

Target a rate

Spot   Forward   Market  orders  

Online  placorm  

24/7 access

Page 14: Who!is!moneycorp? - Live and Invest Overseas · 2019-11-22 · Whoorwhatis moneycorp? 1979 started dealing in foreign exchange Offices in the USA, UK, throughout Europe, South America

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    

Page 15: Who!is!moneycorp? - Live and Invest Overseas · 2019-11-22 · Whoorwhatis moneycorp? 1979 started dealing in foreign exchange Offices in the USA, UK, throughout Europe, South America

Summary  

USD  is  strong  against  other  currencies    

Timing, execution, and expertise are critical

Compare----ask moneycorp

Ask about local currency and settlement

Page 16: Who!is!moneycorp? - Live and Invest Overseas · 2019-11-22 · Whoorwhatis moneycorp? 1979 started dealing in foreign exchange Offices in the USA, UK, throughout Europe, South America

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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