Live and Invest Overseas - Portugal
Curreny Conversion and Transfers
Agenda
FAQ and Q and A
Who is moneycorp?
EUR/USD Currency update
Utilizing moneycorp to transfer funds
€
Q & A
Who or what is moneycorp?
1979 started dealing in foreign
exchange
Offices in the USA, UK, throughout
Europe, South America
9.2 million customer transactions last year
$18bn traded in currencies last year in
over 90 currencies
Over 900 dedicated employees
Regulated by Fincen and FSA for the
provision of payments
Moneycorp customer profiles
Clients
-Immigration and visa purchases-business purchase
-Luxury travel and products
-Overseas property purchases/maintanance-Overseas investments
-Pension/Retirement fund transfers-friends and family
Historical EUR/USD
4
Exchange rates – EUR/USD
1.4102
1.1305
25% change over last 2 years
How does this translate to actual money?
Timing and buying power
EUR Transfer $100,000
1.4102=€70,900
1.1050 = €90,900
Difference
€20,000
$28,000
Apr2014
August 2016
7
Exchange rate comparison
Buying Euros with $100,000
Interbank 1.1050
moneycorp .80% margin 1.1120 €90,030
US bank 5% margin 1.1665 €85,520
A difference of €4,500 or $5,000
*US banks typically have a margin of 3-8% plus transfer fees*US banks have poor trading execution*How is moneycorp able to do this?
moneycorp vs US bank
8
Buying € 200,000 example
Euros needed Amount in USD Interbank 1.13
US Bank €200,000 $236,000 1.1800
moneycorp €200,000 $227,000 1.1380
* A difference of $9,000
Different ways to buy currency with moneycorp
Immediate
transactionLock
favourable
rates
Target
a rate
Spot ForwardMarket orders
Online platform
24/7
access
Account Highlights – from our clients
3rd parties – send and receive 3rd party wires….to title company, from
property manager, to and from friends
Stored beneficiaries – stored beneficiary details to make repeat
transfers
Access to funds – access and move your funds with ease without
limits from anywhere in the world
Hold currencies on account – A client can hold as many
currencies on account as they like
Personal Account Manager – Every client of moneycorp has a
personal account manager that understands the clients needs
No balance – A client does not have to have a balance or keep funds on
account
Summary
USD is strong against the EUR
Timing, execution, and expertise are critical
Compare----ask moneycorp
Currency matters
Thank You
12
Q&A
*Register at our exhibit to receive EUR/USD weekly updates from our professionals via email
*moneycorp is offering preferred rates of exchange and expert guidance for all attendees of the Live and Invest Overseas Conference