Who!is!moneycorp? - Live and Invest Overseas · 2019-11-22 · Whoorwhatis moneycorp? 1979 started...
Transcript of Who!is!moneycorp? - Live and Invest Overseas · 2019-11-22 · Whoorwhatis moneycorp? 1979 started...
Agenda
Q and A
Who is moneycorp?
Currency update
U7lizing moneycorp to transfer funds
Q & A
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
Moneycorp customer profiles
Clients
Immigra7on
Family Remi@ance
Overseas property purchases
Overseas investments
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
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?
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
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
Different ways to buy currency with moneycorp
Immediate transaction
Lock favourable
rates
Target a rate
Spot Forward Market orders
Online placorm
24/7 access
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
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