Australian Immigration Daily News

The recent fall of the Australian Dollar has seen those arriving and transferring money in to Australia from overseas receiving many more Dollars in return for their native currency.

Our foreign exchange partners TorFX informed us that two weeks ago a client moving to Australia from the UK would have received around $1.74 for their Pound, today (24/09/14) they could expect closer to $1.85. For a family transferring £100,000 from a house sale that would be the difference between receiving $185,000 against $174,000 – a difference of $11K!

TorFX can also offer forward contracts for clients who aren’t making the move yet but want to lock in the rate whilst it is a favourable high.

It doesn’t appear as though it will be improving anytime soon for the A$ with economic and geo-political factors contributing to a lot of uncertainty.

If you’d be interested in working with TorFX for the benefits of your clients please click here.