Regular International Payment Case Studies

Mr Bingham from London, had just retired to live in New Zealand and was receiving a monthly UK pension of £1,500. He decided to fix the exchange rate for the next 12 months starting in June 2008.

World First fixed exchange rate: 2.600

He set up a free standing order with his bank that enabled him to pay World First £1,500 every month. After receiving his funds, World First transferred NZ $3,900 to his New Zealand bank account.

In this instance benefits can be broken up into 2 areas:

Payment Charges: Straight away a saving of £336 was realised on the payment charges alone. His bank was charging £28 for each transfer. We didn't charge anything.

Exchange Rate: Mr Bingham wasn't offered a fixed exchange rate by his bank as he was by World First

Date	World First Fixed Rate	Sterling Debited	New Zealand Dollars Received from WF
Jun 08	2.600	£1,500	$ 3,900
Jul 08	2.600	£1,500	$ 3,900
Aug 08	2.600	£1,500	$ 3,900
Sept 08	2.600	£1,500	$ 3,900
Oct 08	2.600	£1,500	$ 3,900
Nov 08	2.600	£1,500	$ 3,900
Dec 08	2.600	£1,500	$ 3,900
Jan 09	2.600	£1,500	$ 3,900
Feb 09	2.600	£1,500	$ 3,900
Mar 09	2.600	£1,500	$ 3,900
Apr 09	2.600	£1,500	$ 3,900
May 09	2.600	£1,500	$ 3,900
TOTALS		£18,000	$ 46,800

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