A Perth-based export company invoiced a French buyer for €75,000. Payment was due on the 17th June 2008, They obtained an exchange rate from World First and then their bank to make a comparison.
| Retail Bank | World First | |
|---|---|---|
| Exchange Rate | 1.6550 | 1.6625 |
| Transfer Fee | £0 | £0 |
| Total AUD$ received | $124,125 | $124,687.5 |
| Total Extra Recieved | $562.5 |
This is a fictional case study that illustrates the potential savings that can be made.
