Foreign currency transfers

Please note this sub-forum does not provide professional finance advice. You should seek advice from a licensed financial advisor.

To post in this sub-forum you must have made 100 posts or have Trust status or have completed our ID Verification.

If investing please consider our affiliate link for new accounts: Sharesies.

Forums › Finance and wealth management › Foreign currency transfers

Jas777

840 posts

Ultimate Geek
+1 received by user: 111

#239353 13-Jul-2018 09:51

Not sure if this is the right place?

From experience who is the best for doing a transfer? Rates and being secure etc

need to do a transfer of about approx NZ$15,000 in next week or 2.

Thanks

wellygary

8810 posts

Uber Geek
+1 received by user: 5287

#2055602 13-Jul-2018 09:56

Need a few more details,

What's that other half of the transfer denominated in?,

Are you buying of selling NZD?

is it one of the "big 10" or an exotic?

Jas777

840 posts

Ultimate Geek
+1 received by user: 111

#2055604 13-Jul-2018 10:04

wellygary:

Need a few more details,

What's that other half of the transfer denominated in?,

Are you buying of selling NZD?

is it one of the "big 10" or an exotic?

The missus has opportunity to buy a piece of land next to the land she already owns.

Will need to send to Philippines (PHP) so probably an exotic maybe?

timmmay

20858 posts

Uber Geek
+1 received by user: 5350

Trusted

Lifetime subscriber

#2055605 13-Jul-2018 10:05

There's a few threads about this on Geekzone. I used http://www.currencyonline.com/ a few years back and they were really good, good service and good rates. I moved a similar amount of money after moving countries.

wellygary

8810 posts

Uber Geek
+1 received by user: 5287

#2055607 13-Jul-2018 10:19

Jas777:

The missus has opportunity to buy a piece of land next to the land she already owns.

Will need to send to Philippines (PHP) so probably an exotic maybe?

PHP is definitely an exotic, + it has currency controls and a managed float...

I would stick out feelings to the Pilipino expat community, I image there is a fairly busy remittance flow out of NZ in that direction, and they will have found the easiest and cheapest way.....

Jas777

840 posts

Ultimate Geek
+1 received by user: 111

#2055608 13-Jul-2018 10:21

Thanks

Will get her to do some research. I just thought asking here might come up with some ideas and that may help to decide if what they think is good.

knoydart

904 posts

Ultimate Geek
+1 received by user: 154

Trusted

#2055652 13-Jul-2018 10:51

I've used Ox Forex for the past 12 years with no issues. Admittedly its NZ to the UK mostly, but they appear to be able to send money to the Philippians from their available currencies list

Quic Broadband

Move to New Zealand's best fibre broadband service (affiliate link). Free setup code: R587125ERQ6VE. Note that to use Quic Broadband you must be comfortable with configuring your own router.

lxsw20

3689 posts

Uber Geek
+1 received by user: 2174

Subscriber

#2055674 13-Jul-2018 11:30

Transferwise is popular here in the UK and what I use to send money back to NZ. Not sure if it's a thing in NZ.

jnimmo

1098 posts

Uber Geek
+1 received by user: 255

#2055687 13-Jul-2018 11:46

TransferWise are great although I have only used them for sub $1000 transfers so haven't compared their rates for the larger volumes.

Feel free to use my referral link to get a free transfer of up to 500 euro to test it out

Handsomedan

7769 posts

Uber Geek
+1 received by user: 7402

ID Verified

Trusted

Subscriber

#2055689 13-Jul-2018 11:48

lxsw20:

Transferwise is popular here in the UK and what I use to send money back to NZ. Not sure if it's a thing in NZ.

Plus 1 for that service.

Handsome Dan Has Spoken.
Handsome Dan needs to stop adding three dots to every sentence...

Handsome Dan does not currently have a side hustle as the mascot for Yale

*Gladly accepting donations...

Gurezaemon

~HONYAKKER!~
1417 posts

Uber Geek
+1 received by user: 1565

ID Verified

Lifetime subscriber

#2055690 13-Jul-2018 11:50

Transferwise seems to be the flavour of the month, with rates significantly below other companies.

kryptonjohn

2523 posts

Uber Geek
+1 received by user: 953

Lifetime subscriber

#2055698 13-Jul-2018 12:31

Jas777:

Not sure if this is the right place?

From experience who is the best for doing a transfer? Rates and being secure etc

need to do a transfer of about approx NZ$15,000 in next week or 2.

Thanks

... to a Nigerian prince?