Currency Conversion and Transfers

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Live and Invest Overseas - Portugal Curreny Conversion and Transfers

Transcript of Currency Conversion and Transfers

Page 1: Currency Conversion and Transfers

Live and Invest Overseas - Portugal

Curreny Conversion and Transfers

Page 2: Currency Conversion and Transfers

Agenda

FAQ and Q and A

Who is moneycorp?

EUR/USD Currency update

Utilizing moneycorp to transfer funds

Q & A

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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

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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

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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

How does this translate to actual money?

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Timing and buying power

EUR Transfer $100,000

Apr2014

August 2016

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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?

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moneycorp vs US bank

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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

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Different ways to buy currency with moneycorp

Immediatetransaction

Lockfavourable

rates

Target a rate

Spot Forward Market orders

Online platform

24/7 access

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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

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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

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Thank You

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Q&A

*Register at our exhibit to receive EUR/USD weekly updates from our professionals via email

*moneycorp is offering preferred rates of exchange and expert guidance for all attendees of the Live and Invest Overseas Conference