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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
David, a London based importer, needed to buy US$120,000 in exchange for British Pounds to pay for products purchased from his supplier in China.
David called his bank and received a GBP/USD rate of 1.6110, resulting in a British Pound cost of £90. The bank also wanted to charge a £15 fee.
David then called UKForex and asked for a rate for him to buy US$120,000 in exchange for British Pounds. UKForex quoted a GBP/USD rate of 1.6350 resulting in an British Pounds cost of £73,394.50 and there was no fee to pay.
| David saved: |
£1,093.40 on the rate |
| £15 on the fee |
| £1,108.40 TOTAL |
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Case Study - Private Client
Dennis sold his house for £200,000 and was moving to Australia and needed to convert his British Pounds to the maximum amount of Australian Dollars.
Dennis called his UK bank and was offered a GBP/AUD rate of 2.0680 to sell £200,000 and buy Australian Dollars, meaning he would receive A$413,600. The bank also wanted to charge a GBP30 fee (approximately A$60).
Dennis then called UKForex and asked for a rate for him to sell £200,000 in exchange for Australian Dollars. UKForex quoted GBP/AUD rate of 2.0950 meaning he would receive A$419,000 and there was no fee to pay.
| Dennis saved: |
A$5,400 on the rate |
| A$60 on the fee |
| A$5,460 TOTAL |
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