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forex rates are down

Global Economies

FX rates are down?

By Josh Brown, Financial Writer Foreign exchange rates, like all cyclical things in life go up and down As a general rule, a currency’s valuation generally trends in line with the fortunes of the respective country but there are many other influences, the health of the global financial markets, the monetary policies of foreign central
forex-forecast-2019

Global Economies

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

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
remittance costs

Global Money Transfer

Ignorance is not bliss when it comes to 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%
commonly used money transfer terms

Banking

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
the best time to send money overseas

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.

Banking

Australia Set to Launch New Payments Platform (NPP)

You might not have heard of Australia’s New Payments Platform (NPP), but it has been a big deal on our end. We’re going to take you through this new technology – and show you how it benefits you. What is the New Payments Platform? The New Payments Platform is a world-class platform for payments in Australia.

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Immigration
Buying property in New Zealand
Banking
A Currency Exchange Rate Calculator That Will Save You Money

NOTE: If you’re looking for a quick exchange rate calculator, try the one in the top left hand corner of this page – you’ll love our exchange rates! $1 New Zealand Dollar (NZD) is 45.21 Rupees (INR). But 1 INR is 0.02 NZD. Hang on, what if I’m sending $1352 NZD and receiving 2835INR. That

Banking
How Long Do International Bank Transfers Take?

How long do international bank transfers take? The answer to that question depends heavily on which bank you’re using and where you’re sending the money to (and from) International bank transfers between developed countries tend to be relatively fast compared to transfers to or between developing nations. Read below for a further breakdown, including ways

From the Archives

Banking
International Remittance Processing Services Explained and Compared

There are plenty of companies that process international remittances But what makes them different? How do you know which is the best one? Let’s compare a number of the most well known remittance services and see which ones stand out in terms of fees, rates, security, transfer times, and satisfaction. That way, you can make
Global Economies
Housing in New Zealand
Technology
Facebook Ventures into the International Money Transfer Market

The world of international money transfers is constantly evolving, and it now seems that Facebook wants a piece of the action. The Internet giant has applied to Ireland’s central bank for permission to become an “e-money” institution. Once approved, Facebook money transfer services will be on offer throughout the EU market. But is sending money

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