Australian Immigration Daily News

 The Australian Dollar fell to a 6 year low US$70.37 as stock markets around the world have lost billions of dollars over the last 24 hours. This was first time the Aussie had traded below US$72c since the GFC back in 2009.

As well as Australia, markets in The USA, UK, Germany, France, Italy and Spain plummeted after China’s Shanghai Composite Index lost 8.5% yesterday – the country’s largest loss in eight years.

Equities around the world have seen more than $5 trillion wiped from their value since China opted to devalue its Yuan currency two weeks ago.

What does this mean for you and your clients?

When the Australian Dollar weakens against a specific currency such as GBP, EUR or USD for example, said clients transferring money to Australia from the likes of the UK, Ireland, Italy or America can receive far more favorable returns with their currency exchange into Australian Dollar.

When moving lump sums this can equate to thousands of Dollars extra for your clients.

Do you have clients transferring money to Australia? Introduce them to our currency exchange partners at TorFX and earn commission.

‘TorFX have provided our clients a valuable foreign exchange when relocating to Australia. They offer a great service in an efficient and timely manner.‘

Darren Good-Giles,

Visa Globe

RMA 0316870

‘Having used TorFX myself for foreign exchange transactions, I felt confident in recommending them to my clients.  They offer a professional service, better rates than most high street banks without charging fees and keep their clients up to date with economic factors which may affect currency exchange rates.’

Camilla Sadd

New Life Down Under

RMA 1173200