Case Studies

When purchasing products abroad, the foreign exchange rate can significantly alter the price of the goods. World First can help in two ways:

We will provide a better foreign exchange rate and cheaper payment fee than your bank.

We will offer you products to reduce the impact of adverse foreign exchange rate movements.

Immediate (Spot) Transaction

An Auckland company bought a consignment of electronic equipment from China that cost US $275,000 on the 16^th October 2008. They needed to make an immediate transaction (known as a "spot" transaction) to purchase the goods. They initially sourced an exchange rate from their bank and then compared it to an exchange rate they obtained from World First:

	Retail Bank	World First
Exchange Rate	0.5840	0.5895
Transfer Fee	NZ $25	NZ $0
Total Cost	NZ $470,915	NZ $466,497
Total Saving		NZ $4,418

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

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