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.
