For many UK residents the option of emigrating to Australia is becoming increasingly attractive. Many people choose to move there because of the stunning surroundings, relaxed lifestyle, fine wines and great outdoor life that Australia has to offer.
Foreign Exchange for Australian Emigration
If you are emigrating to Australia, as well as all the other arrangements that need to be made, you must not forget to exchange your currency into Australian Dollars. Fluctuating exchange rates throughout your emigration process can seriously effect how much money you will eventually start your new life abroad with. Currency specialists HiFX offer you competitive exchange rates - rates that are usually only available to corporate clients that buy large amounts of foreign currency.
For illustration purposes, let us assume that you presently reside in the UK, but will be emigrating to Australia. You will need to sell your house and transfer all of your assets to Australia before you emigrate, which will require you to sell Sterling and buy Australian Dollars.
Your future wealth will be affected by the timing of your Australian currency purchase. Naturally, if Sterling strengthens between your visa being granted and you emigrating, you will be able to buy more with your money when you reach your new country. Conversely, if Sterling weakens, you will have less buying power when you emigrate.
To illustrate the potential volatility currency fluctuations can have on your money when emigrating to another country:
If you had transferred £200,000 into Australian Dollars (AUD) in mid April 2005, this would have bought you AUD$500,000. By mid July, this would have fallen to AUD $460,000 - a difference of 8% or AUD $40,000 in just 3 months!
Understanding Foreign Exchange
In our experience if you are emigrating to Australia, it is highly advantageous if you understand as much as possible about the potential foreign exchange exposure you face. As a result HiFX provides regular market updates to clients immediately upon registration. The service is free to anyone and carries no obligation to buy currency if you decide against emigration.
Many of our customers buy and sell currency because they are emigrating to Australia. In fact HiFX helps tens of thousands private individuals buy and transfer foreign currency every year, many of whom have emigrated to Australia.
Find more information on foreign exchange services from HiFX.
Customer Testimonials
"Not only did we get the best rate of exchange from you when we decided to buy (much better than our bank) but we were very impressed by the way HiFX kept us in touch with what was going on with the rates - both by phone and e-mail."
Shirly Piscina, Australia emigration
"The contacts I have had have been very professional, informative and friendly."
Michael Parker, emigrating to Australia
If you are considering moving abroad and would like further information on how our services can help you, please call our Private Client Desk on 01753 859159 or alternatively visit the HiFX call me back page to have one of our representatives call you at your convenience. HiFX also have an office in Australia who will be able to assist you with any further currency requirements you may have upon emigrating. Whilst in the UK, please liaise with our Windsor offices only.