Foreign exchange money transfers
Safe, simple and at better rates than your bank
Sending money overseas can be a daunting, expensive process. With volatile foreign exchange rates and high bank forex fees, and one over which you seemingly have very little control, no matter how small or large the money transfer.
It doesn't matter what your needs are, foreign exchange rates and fees are set by your bank on any given day or time. It is an uncertain and expensive process and one likely to incur losses, regardless of whether you are:
- Buying a property overseas
- Sending a money gift to friends or family in another country
- An exporter dealing with large foreign exchange receivables or payables
- Meeting financial commitments from your country of origin
- Going on holiday or for any other reason
Many people don't realise that their bank isn't the only solution (although it is likely to be the most expensive) because it may give you a sense of security or because your just haven't thought of the alternatives. But there are very reliable, safe and cheaper alternatives to moving money offshore.
The goal should always be to have as much control over the process as possible, particularly when foreign exchange can fluctuate as much as 10 per cent in a matter of weeks, with minimum of hassle and at the best rates.
That is why LoanPlan has negotiated unbeatable rates on foreign exchange on behalf of our clients who transfer money internationally, through our reputable partner NZForex. You may wonder...
Compare our rates
To compare between NZForex and your bank's rates, register through LoanPlan here – it's a simple click, a couple of minutes that could avoid losses running into the hundreds, even tens of thousands of dollars.
Budget smart, budget ahead of time
Don't gamble with the exchange rate when you can hedge your foreign exchange risk by locking in the competitive daily rate for delivery at a later time.
To do this, take advantage of a Forward Exchange Contract. A particularly useful facility if, for example you have agreed on a purchase price of a property, or want to understand how much foreign currency you will have to spend.
- Specialised foreign exchange services
- Unbeatable exchange rates
Need proof? Read what these people have to say.