4 July 2008
We would usually expect to give you an exchange rate between 0.25% and 2% better than your bank. This means you will save 0.25% and 2% of the value of your transaction. This means we will effectively make the products you are importing 0.25% to 2.0% cheaper thus significantly increasing your profit margin. The following calculator will estimate the saving you will make:
Please contact our Corporate foreign exchange team on +44 (0)20 7801 9050 for the exchange rate and more accurate saving for your purchase.
How can World First offer better exchange rates than the banks? The high street banks generally take large margins from the "interbank" rate. By aggregating all our client transactions, we will transact over $1 billion in 2007, which enables us to access the interbank market. We simply take a smaller margin from this rate and pass the saving onto our customers.
World First will agree a bespoke payment fee structure with you depending on your payment volumes ranging from £0 to £15. We can also avoid correspondent and receiving charges in most countries. This can save you a considerable amount in certain countries.
Many people are unaware of the risks involved in the currency markets. World First can help you avoid or minimise these risks. The foreign exchange markets, unlike share markets, trade 24 hours a day and rates are constantly moving. On an average day, the main currencies will move around 1% and can move up to 5%. Over a period of a few months, the sterling cost of imported goods and services can change significantly.
