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Exporting / Receiving Foreign Currency Case Study


A Wellington-based export company invoiced a French buyer for €75,000. Payment was due on the 15th September 2008, They obtained an exchange rate from World First and then their bank to make a comparison.

  Retail Bank World First
Exchange Rate 2.0845 2.0965
Transfer Fee £0 £0
Total NZD$ received $156,337.50 $157,237.50
Total Extra Recieved   $900.00

This is a fictional case study that illustrates the potential savings that can be made.

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