Australian Immigration Daily News

Migrants from the UK are feeling the financial implications of the recent EU referendum following the so called ‘BREXIT’.

As stock markets and currencies fell around the world, nothing felt it more than the Great British Pound (GBP). Sterling is currently at a 31 year low against the US Dollar and has lost more than 10% in value against the Australian Dollar over the last 2 weeks.

The Pound is currently at an 18 month low against the Aussie at $1.74, remember during September last year it was at $2.20, so that is a 20% fall in value in under 12 months.

So for British individuals and families looking to relocate to the golden country they will now have to pay more Pounds for visa and legal costs from registered migration agents associated with their move down under.

To ensure your clients can manage their risk and exposure when it comes to transferring money to Australia, Migration Alliance recommend introducing them to leading currency exchange specialists TorFX.

TorFX also pay RMA’s lucrative commission payments for successful introductions.

Contact us via the enquiry form here.