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World First

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Home > For Companies - Export/Receiving currency > Case Studies

Exporting / Receiving Foreign Currency Case Study

A Birmingham-based export company invoiced a French buyer for €75,000. Payment was due on the 18 May 2009, They obtained an exchange rate from World First and then their bank to make a comparison.

	Retail Bank	World First
Exchange Rate	1.1505	1.1322
Transfer Fee	£18	£0
Total Cost	£65,189	£66,242
Total Extra Recieved		£1,053

The significantly larger amount of sterling received compared to their bank meant they used World First for the transaction.

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