Regular International Payment Case Studies

Mr Framlingham from Hove, Sussex had just retired to live in Australia and was receiving a monthly UK pension of £1,500. He decided to fix the exchange rate for the next 12 months starting in June 2008.

World First fixed exchange rate: 2.1500

He set up a free standing order with his bank that enabled him to pay World First £1,500 every month. After receiving his funds, World First transferred AUD$3,225 to his Australian bank account.

In this instance benefits can be broken up into 2 areas:

Payment Charges: Straight away a saving of £336 was realised on the payment charges alone. His bank was charging £28 for each transfer. We didn't charge anything.

Exchange Rate: Mr Framlingham wasn't offered a fixed exchange rate by his bank as he was by World First

Date	World First Fixed Rate	Sterling Debited	Australian Dollars Received from WF
Jun 08	2.1500	£1,500	$ 3,225
Jul 08	2.1500	£1,500	$ 3,225
Aug 08	2.1500	£1,500	$ 3,225
Sept 08	2.1500	£1,500	$ 3,225
Oct 08	2.1500	£1,500	$ 3,225
Nov 08	2.1500	£1,500	$ 3,225
Dec 08	2.1500	£1,500	$ 3,225
Jan 09	2.1500	£1,500	$ 3,225
Feb 09	2.1500	£1,500	$ 3,225
Mar 09	2.1500	£1,500	$ 3,225
Apr 09	2.1500	£1,500	$ 3,225
May 09	2.1500	£1,500	$ 3,225
TOTALS		£18,000	$ 38,700

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