• Why Use World First?
• The Process Explained
• The Savings
• Security
• Case Studies
• Open An account

Exchange Rate Savings

1) Better Exchange Rates

We would usually expect to give you an exchange rate between 0.25% and 2% better than your bank. This means you will save 0.25% and 2% of the value of your transaction. The following calculator will estimate the saving you will make:


Please contact our Corporate foreign exchange team on 0800 666 114 for the exchange rate and to work out how much money World First could save your company.

How can World First offer better exchange rates than the banks? The banks generally take large margins from the "interbank" rate. By aggregating all our client transactions, (we will transact over NZ $4 billion in 2009), which enables us to access the interbank market. We simply take a smaller margin from this rate and pass the saving onto our customers.

2) Payment Costs

World First will agree a bespoke payment fee structure with you depending on your payment volumes and payment frequency. We can also avoid correspondent and receiving charges in most countries.

3) Avoiding currency fluctuations

Many people are unaware of the risks involved in the currency markets. World First can help you avoid or minimise these risks with flexible forward contracts. Over a period of a few months, the New Zealand dollar value of exported goods and services can change significantly.