4 July 2008
A Cambridge-based rug manufacturer was investing $1,000,000 in a manufacturing plant in China. They needed to make payment on the 16th December 2006. They obtained an exchange rate from World First and then their bank to make a comparison.
| Retail Bank | World First | |
|---|---|---|
| Exchange Rate | 1.9512 | 1.9602 |
| Transfer Fee | £15 | £0 |
| Total Cost | £512,520 | £510,152 |
| Total Saving | £2,368 |
The substantial saving compared with their bank meant they used World First for the transaction.
