Case Studies
The following are real case studies or transactions made by our clients. The clients' names have been changed to protect their confidentiality.
Case Study - Corporate Client
Chris, an Auckland based importer, needed to buy US$75,000 in exchange for New Zealand Dollars to pay for products purchased from his supplier in China.
Chris called his bank and received a NZD/USD rate of 0.6250, resulting in a New Zealand Dollar cost of NZ$ 120,000. The bank also wanted to charge a NZ$15 fee.
Chris then called NZForex and asked for a rate for him to buy US$75,000 in exchange for New Zealand Dollars. NZForex quoted a NZD/USD rate of 0.6288 resulting in a New Zealand Dollar cost of NZ$119,332 and there was no fee to pay.
| Chris saved: | NZ$668 on the rate |
| NZ$12 on the fee | |
| NZ$680 TOTAL |
Case Study - Private Client
After having just moved from the UK to New Zealand, Andrew was awaiting the proceeds from the sale of his house in the UK which he sold for £210,000.
Andrew called his UK bank and was offered a GBP/NZD rate of 2.0680 to sell £210,000 and buy New Zealand Dollars, meaning he would receive NZ$538,440. The bank also wanted to charge a GBP30 fee (approximately NZ$70).
Andrew then called NZForex and asked for a rate for him to sell £210,000 in exchange for New Zealand Dollars. NZForex quoted a GBP/NZD rate of 2.6000 meaning he would receive NZ$546,000 and there was no fee to pay.
| Andrew saved: | NZ$7,560 on the rate |
| NZ$70 on the fee | |
| NZ$7,630 TOTAL |
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Financial Service Providers Register.
IMPORTANT: This service is provided by NZForex Limited (CN: 2514293). NZForex is registered as a financial service provider under the Financial Service Providers (Registration and Dispute Resolution) Act 2008.The information on this website does not take into account the investment objectives, financial situation or needs of any particular person. NZForex makes no recommendations as to the merits of any financial product referred to in this website.
Please read our Product Information document for a detailed explanation of the services we provide.
Please read our Product Information document for a detailed explanation of the services we provide.