Wellington Vs Melbourne: Which City is Better?


melbourne-vs-wellington

Wellington and Melbourne are often considered to be sister cities. They both have a similar vibe and both cities definitively beat Sydney. Melbourne’s population has skyrocketed due to internal and external migration and is due to overtake Sydney in size this decade. This rapid increase in population seems to be taking a toll as many pasty white local hipsters are apparently moving away to Byron Bay.

Here are some quality of life and liveability results as determined by credibly researched and published city rankings:


5 South Island Adventures Every New Kiwi Should Tick Off In 2019


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Guest post by Breadcrumbs app

There are many things that define us as “kiwis” – from barefoot shopping to supporting the All Blacks, there are lots of building blocks that make up our cultural identity. Perhaps one of the largest blocks there is, would be a connection with the outdoors.

Kiwis are an “outdoorsy” bunch of people. Whether you moved to New Zealand last decade, last year or last week it is an inescapable reality that at some point you will find yourself looking for adventure in our great outdoors (also known as the “wops”). We are lucky in Aotearoa to have an abundance of natural serenity right on our doorstep, but sometimes it can be difficult to figure out where to go and what to do first. Luckily, our good mates from Breadcrumbs have put together a short collection to give you some inspiration for where to start!


The foreign exchange market in 2018, a forecast for 2019 and a message from the CEO

  • Posted by Blair Pedersen on December 20, 2018 in Global Economies Global Money Transfer

forex-forecast-2019

In 2018, the Australian dollar has seemed to find some stability in October with it stabilising around 0.705 and then clawing its way back up since then to its current level at 0.72. The ‘aussie’ has been whacked by an appreciating US dollar, a Chinese economic slowdown and economic worries that there’s a bubble in the real estate market – a weighty concern expressed by the RBA

Against exotic currencies such as the Indian rupee, the Australian dollar has oscillated around the current level as it has done since 2016. Of note is the recent significant drop in the last few days due to foreign fund flows and a risk-off atmosphere. It remains to be seen if this is a sustained drop and a sign of things to come.  It’s the same situation with Filipino peso and the Australian currency really hasn’t seen much movement against currencies like it. Though it has settled at its current level of around after falling about 2.5% over the first half of the year.


5 important financial services you need as a new immigrant


important-financial-services-you-need-as-a-new-immigrant

Moving to a new country is always a time-consuming and often exasperating exercise. It may take months before your affairs are finally in order and years before you can feel ‘settled’ as a new immigrant. There are many things you’ll have to sort out such as finding a place to live, finding a school for the kids, finding employment, new friends, a club to continue your hobby, a car… the list goes on and on.

I get it; it’s challenging and daunting. However, one of the most important aspects to your new life that is overlooked or postponed are your financial affairs. Of course, getting a bank account ASAP is unavoidable, but there are other essential financial services you’ll need to seek as soon as you arrive and others that can wait though you’ll likely need at some point down the track. Below are five of the most important and they all require some research before a provider is chosen.


Ignorance is not bliss when it comes to remittance costs


remittance costs

All money transfers are processed for a fee – whether they are hidden or not. To be clear, the remittance costs have certainly dropped considerably since fintech companies such as OrbitRemit appeared on the scene

However, they have not yet managed to discover a way to facilitate remittance payments for free. Banks charge about 5% – 10% in transfer and FX costs and independent remittance companies usually perform them for about 1% of the total transfer value. Remittance costs have come down but now fees are often charged to the customer in non-apparent ways. Although it is not important to understand how your transfer is processed, it is important to understand the actual ‘conversion rate’ which is the amount received divided by the amount sent and its comparison to the interbank rate.


Commonly Used Money Transfer Terms

  • Posted by Joe Campbell on December 2, 2018 in Banking Global Money Transfer

commonly used money transfer terms

International money transfer, the process of transferring money overseas – has a language of its own. This article will help you decode the financial garble in order to make your global remittance easier

There are plenty of things to think about if you’re transferring money overseas. The most useful thing you can do is become familiar with the jargon you’re likely to hear, so here are the key international money transfer phrases and acronyms, decoded.


9 Questions to Ask Yourself Before Taking your Side Hustle Overseas


taking your side hustle overseas

By Kirsty Lamont, Money Expert at Mozo

From handcrafting soy candles to designing clothing from scratch, starting a small business online has never been easier. But whether you’re just starting out or have got the local market cornered, any business owner should always be planning their next step.

With online shopping booming around the world, you might be thinking it’s time you took your side hustle global. But before you break down borders, there are a few things to get on top of to help prevent a financial disaster and make your online business a success.


The Best Time to Send Money Overseas

  • Posted by Joe Campbell on November 20, 2018 in Global Money Transfer

the best time to send money overseas

When I was 19 and I was thinking about selling some shares to travel overseas, I called my father’s stockbroker and asked him, ‘So when’s the best time to sell my shares?’ He simply said: ‘When you need the money.’

I sold the shares and almost immediately afterwards the stock price almost doubled in price. I still regard this conversation to be some of the best personal financial advice I ever received. In 2000, the Dot.com bubble burst and those shares went to zero as the company went bust.


The Predictive Power of the Kiwi


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Question: What do currencies say about an economy? Well that’s a trick question because the answer is everything and nothing at all

See, in today’s trading markets a currency means nothing unless it’s compared against another national currency (or perhaps the price of gold). When you compare a currency against another currency, not only can it be a potential indicator of economic strength relative to other economies, but it can also tell you the general global financial mood, the appetite for risk, the stage of economic cycle – both domestic and global, about the state of inflationary pressures and about other macroeconomic and environmental forces.


We will remember them. Why ANZAC Day is so important


ANZAC Day

You might have heard of Australian New Zealand Army Corps (ANZAC) Day, which is coming up on the 25th of April. It’s not just an excuse to eat oatey, golden-syrup biscuits though. In this article we’re going to give you a bit of a background into what ANZAC Day is all about.