Financial Tips for Emigrating: AustraliaFebruary 12, 2013 2:34 pm
Choosing to migrate to another country is a big decision one of the biggest of your life and Australia remains the number one destination for emigrating Brits.
Before you head off down under, getting your finances in order is paramount. With the average British family emigrating with assets of £250,000, using FTT Global over your bank will save you up to 4% on your international currency transfer.
How will FTT Global Save me Money?
As well as the 4% saving, the tools we provide you could potentially save you thousands more. Currency fluctuations can have a major effect on your exchange both negative and positive. The most important thing to remember is that they can present a risk, so limiting this will ensure you receive the best possible exchange rate.
Emigrating to Australia probably means you have a long list of things you need to do before you go. FTT’s tools take the hassle out of making your international payment and help you get the rate you want.
Here are the top three tool tips to make sure you get the best rates when moving your money overseas:
1. Book a Forward Contract. If the exchange rate is in your favour, I would advise you to consider booking a Forward Contract. This will lock the rate in for up to 12 months ahead so you will be protected from the market moving against you this will possibly save a lot of money when you finally need to make an exchange!
2. Place a Profit Order. If you have a target rate of exchange you would like to try and achieve then placing a Profit Order will enable you to do this. All you have to do is tell us the rate you would like, the amount of currency you want to exchange and we will monitor the market for you 24/7. If your rate becomes available at any time we’ll automatically book your currency transfer. This means you don’t have to worry about missing the rate you want at 4am we’ll handle it all for you.
3. Rate Alerts A Rate Alert works exactly the same way as an Order except we don’t book your currency exchange, we simply notify you by email or SMS if your rate becomes available.
If you’d like to chat with one of our Customer Support advisors to find out which tool would best suit your needs, please get in touch . We’re more than happy to give you advice on the current market and how to move your money abroad.
Categorised in: Tips
This post was written by Kayleigh Driscoll