Case Studies

When purchasing products abroad, the foreign exchange rate can significantly alter the price of the goods. World First can help in two ways:

We will provide a better foreign exchange rate and cheaper payment fee than your bank.

We will offer you products to reduce the impact of adverse foreign exchange rate movements.

Immediate (Spot) Transaction

A NSW company bought a consignment of electronic equipment from China that cost US $275,000 on the 11^th November 2007. They needed to make an immediate transaction (known as a "spot" transaction) to purchase the goods. They initially sourced an exchange rate from their bank and then compared it to an exchange rate they obtained from World First:

	Retail Bank	World First
Exchange Rate	0.7450	0.7550
Transfer Fee	A$21	A$0
Total Cost	A$369,148.51	A$364,238.41
Total Saving		A$4,910.10

This is a fictional case study that illustrates the potential savings that can be made.

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