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- Region: Australia
- Australia
- New Zealand
- UK/US/Europe
A Melborne based rug manufacturer was investing US $1,000,000 in a manufacturing plant in China. They needed to make payment on the 11th November 2007. They obtained an exchange rate from World First and then their bank to make a comparison.
| Retail Bank | World First | |
|---|---|---|
| Exchange Rate | 0.7450 | 0.7550 |
| Transfer Fee | AU $25 | £0 |
| Total Cost | $1,342,307 | $1,324,503 |
| Total Extra Recieved | AU $17,804 |
This is a fictional case study to illustrate the potential savings that can be made.
