SEND MONEY FROM SA TO AUSTRALIA

When transferring money to Australia - whether to Sydney, Canberra or Perth – you should shop around for a foreign exchange deal that is best for you and a decent money transfer service. There are many top FSA regulated foreign currency specialists to ensure that transferring money to Australia, whatever the amount, is fast, cheap and cost-effective. So, whether you are buying a second home overseas in Brisbane or Sydney, importing goods from the Gold Coast or making regular maintenance payments - foreign exchange is likely to be an important consideration in your life.

The speed of a money transfer service to Australia is subject to many factors, including:

• Approval by the anti-fraud verification system
• Funds availability from sender's payment account (checking, credit or debit card)
• Recipient-country banking hours and banking system availability
• Difference in time zones

Your recipient will receive cash in local currency - deposited in to their bank account or delivered to their homes or businesses. Banks and money transfer payout partners provide a secure and fast means of sending customer's money abroad. TransferMate is one of those comprehensive solutions for individuals and businesses who are looking for an efficient foreign exchange broker to send money to Australia.  Globalfundi is another.


Transferring money to Australia no longer takes weeks. Unlike cluttered bank procedures, money transfer specialists provide a smooth and dedicated service to their clients and are able to send any amount to Australia in two business days.  Whatever your reason for transferring money to Australia there is a comprehensive range of options to cover all your needs such as

·         Payment of overseas tuition fees

·         A down payment on an expensive gift?

·         Funding for a second home payment?

·         transfer of money to Australia for emigration purposes?

·         Transfer money to Australia for import / export?

·         Retiring to Australia?

·         Salary conversion to Australia?

It is crucial that your foreign currency transfers to Australia are done at the best possible price in order to maximize the value of your transfers. Many foreigners are increasingly emigrating and expatriating to Australia, in search of a better quality of life. When you transfer or send Money from SA to Australia looking for Australian dollars, exchange rate fluctuations can make a huge difference to the amount of money you will have to spend – so make sure to get the best deal.

Where is our hard-earned money going? 2012 SA Budget

Where is our hard-earned money going?

It is obvious that today’s 2012 budget speech by Pravin Gordhan will affect everything that we are going to be paying for in the coming year; this includes our insurance premiums, the interest rates on our bonds, borrowing money, education, and all the utilities that we use on a daily basis. The SA budget will also affect the food we consume, the clothes we wear, our old-age pensioners, water and lights, our business lives, and anything to do with leisure.

It is going to be interesting to see how the 2012 budget speech will affect the ordinary man in the street, and especially those that are in need of buying a home this year.  The budget will no doubt affect anyone investing in property in a very big way.

If the SA Government continues to spend as much on public servants’ accounts it would then be a tough one to swallow, and will have an adverse effect on everyone living in SA.

Although the property market has slowed down its pace in the past couple of years, there are those that still need to buy homes for a variety of reasons. These could be first time home buyers, those taking up job opportunities in different and varied locations for a variety of reasons; there is a multitude of reasons for buying or changing a home, even in a tough economic climate, and the 2012 budget speech is going to have a domino effect on those that need to invest in properties, especially if it is for the very first time.

Many home owners forget to build essential insurance into their costs, and remember that insurance companies are always going to look at a multitude of factors that will affect monthly premiums. Location is always a very pertinent point to take into consideration, regardless of what the outcome of the SA budget  is going to look like later on today. Insurance houses will always take into consideration the level of security you have installed to safe-guard your largest asset as well, and location, location, location is the biggie here.

Bear in mind that if you buy property where there is a tendency for landslides or flooding, your insurance house has the choice to exclude these conditions; find out if your insurance would be willing to cover for flood damage, etc., especially if you live in an area that is prone to natural disasters; most times, though, the insurance company will load your household insurance for these claims. Remember that looking at the fine print and asking whether your insurance would cover  for these eventualities is all-important. If you are in doubt regarding insurance cover, it is always prudent to ask someone you trust to give you and honest second opinion. Should the location of your home have a tendency towards being a fire-hazard, such as a thatch roof home, then your insurance company would automatically insist that you add on extra lightning conductors to safe-guard your home.

SA Budget or no, when looking to buying or investing in a property, look for the best in the business; select a trustworthy estate agent with an excellent track record, and when insuring your home, it is prudent to shop around to find a quote and package that is best suited to your needs.

When you invest in a property your insurance company will be particular about a couple of other factors when covering your home.

These are:

·         Safety; ensure that all the wiring, plumbing or gas lines are in peak condition.

·         Your prospective home has to be in a reasonably good state of repair when you are looking for insurance cover.

Remember that you will have to have a good credit record when applying for a bond, or for insurance so ensure that your credit history is healthy; you can easily find this out online from the three major credit bureaus.

It is going to be an interesting and challenging year not only for South Africa, but also for our European brothers and sisters. Do your homework before making any financial decisions in 2012 to safeguard your assets. The 2012 budget speech focus is going to be interesting and will show where our money is going to be spent.

Interest rates remain unchanged!

GBPEUR/GBPUSD
The Pound remained on the front foot against the Euro yesterday, ahead of the EU Summit today and reports that Britain had rejected the treaty. The decline in risk appetite meant the Pound declined back towards near-term support in the region of 1.5550 versus the U.S Dollar, but the UK currency made widespread gains versus the higher-yielding currencies like the Australian Dollar and the South African Rand.


There was no surprise for the Bank of England yesterday, as interest rates were left unchanged at 0.5%, while the quantitative easing plan was also unchanged at £275 billion. As usual with a no policy change, there was no MPC statement and we'll have to wait for the minutes of the meeting later this month to gauge the voting pattern.


The Pound edged higher following the decision and pushed to highs above 1.5750 against the Dollar before retreating sharply, as risk sentiment declined. The UK currency was undermined by the general flow of funds into the Dollar with lows near 1.56, as it held firm against the Euro. There will be speculation of political isolation surrounding the EU summit and, much more damagingly, there will be fears that the UK economy will be vulnerable to any possibility of a Euro-zone break-up.
Safe haven demand for Sterling will continue to be a key factor and there will be expectations of further defensive inflows, despite fears over the UK economic outlook. The principal feature is likely to be a sustained increase in volatility. The European Central Bank cut interest rates yesterday ahead of the EU summit, which could determine if any of the region's members can keep a top credit rating with Standard & Poor's.


Although the Bank of England is reluctant to extend quantitative easing measures until the current round of purchases have been completed, King introduced a new sterling liquidity measure this week to help banks weather any further escalation of the sovereign debt crisis. The Pound and the Euro fell against the Dollar, after the ECB President Mario Draghi dampened speculation that the Central Bank would buy more bonds to fight the debt crisis.


Bank of England policy maker Martin Weale said on November 25th that there's a strong case for further QE in the future and Paul Fisher also conceded that more stimulus may be needed. The National Institute of Economic and Social Research said yesterday that UK economic growth slowed to 0.3% in the three months through November, increasing fears of a recession.

Where is the worlds debt today

Today total global debt stands at approximately $150 trillion, or 194% of global gross domestic product

MMMMMMMM!

So who offers some great Money Transfer services

GLOBALFUNDI - this is what they have to say!

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We can assist you with all your forex needs, be it the on the spot market you wish to venture into or perhaps the longer term forward marketing, with minimal hassle because we are perfection driven in what we do. Commitment to exceptional trading services is what will make us the best in the South African forex trading industry.

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You want the best when it comes to your money and at Globalfundi the best is the minimum that we offer. For a reliable, international partnered forex trading company, best use Globalfundi now.

Pound pummels Euro and Italy Downgraded

The Pound took advantage of broad Euro weakness, rising through 1.16, despite speculation that the Bank of England may be preparing to implement further quantitative easing measures in Thursday's announcement. A number of MPC policy makers have publicly declared the need for additional support as the economy slips towards contraction in the third quarter. The Pound traded lower against the Dollar, falling back towards the lowest level since January, while the UK currency made gains versus the Australian and New Zealand Dollars as risk appetite declined.
The UK PMI manufacturing index rose to 51.1 in September, from 48.9 the previous month, above the level to indicate growth in the sector, which will help alleviate immediate concerns surrounding the industrial outlook. Underlying sentiment will remain extremely weak, especially considering speculation that the BoE will sanction additional stimulus measures this week.
The Pound maintained a firmer tone against the struggling Euro, as Standard & Poor's preserved its AAA credit rating for the UK and also confirmed the outlook as stable, which will provide some relief for the Pound, especially with an important focus on the Euro-zone credit ratings. The UK has enjoyed a relative safe haven status from the turmoil engulfing much of the Euro-zone and that has been the catalyst for the Pound's advance against the Euro.
The Pound has fallen against the higher-yielding currencies this morning in the build up to the construction data, weakening against 11 out of the 16 most actively traded currencies. The decline in construction will highlight the need for the Bank of England to renew quantitative easing measures this month, as the economy sinks towards contraction.
The Pound fell the most against the New Zealand overnight, but a decline in Asian stocks and the overall sentiment towards risk means that the higher-yielding currencies are likely to weaken further. In the September minutes, the BoE said that it is becoming "increasingly probable" that another round of government bond-purchases may be needed to boost the economy.
The unlikely improvement in UK manufacturing had a muted effect on the market as traders judged it to be insufficient to prevent the BoE from adding more stimulus to the economy. The stable outlook on the nation's debt rating reflects S&Ps expectation that the government will implement the bulk of its fiscal austerity program.

So as the Rand goes South So does the Pound!!

So can the Pound and the SA Rand hang on.

Following on from last week, the Pound slumped to the lowest level since January against the U.S Dollar and the SA Rand stands above R 8.04 to the $, after turmoil engulfing global stock markets increased demand for safe haven currencies and the rand is the fall guy at present. The minutes from the Bank of England's last policy meeting showed that policy makers may need to extend quantitative easing measures to support the economy and keep borrowing costs low. The UK currency also slumped for the first time in four days versus the Euro as the minutes also revealed that officials expect growth in the second half of the year to be much weaker.


There is an increased likelihood that the UK economy slipped into negative growth during the third quarter and the Pound is declining on the prospect of further stimulus measures to be introduced by November. The UK Business Secretary Vince Cable reiterated the need for the Bank of England to act and buy assets other than government bonds.


Will the SA rand re-value itself, and the SA Reserve Bank make a decision to drop rates - I would hope so.


But this is a great time to send money to SA and at no transfer fees this has to be a win for any investor sending money to SA.


The Pound also declined against the majors, as an industry report showed UK consumer confidence dropped to the lowest level in four months in August. The decline in confidence follows the worst civil unrest in thirty years during August, while gauges of manufacturing, services and construction also declined.


There is a high degree of uncertainty surrounding the outlook for the UK and indeed the global economy and speculation over another recession is also weakening demand for the Pound, particularly against the lower-yielding currencies like the Dollar and the Yen. The UK currency declined to a low of 1.5450 against the Dollar on Friday, the lowest level since January 11th.


The minutes also showed the voting pattern was 8-1 to maintain the current size of the bond-purchasing plan and was unanimous on keeping interest rates unchanged at 0.5%. However, policy maker Adam Posen, who has voted to increase quantitative easing measures every month this year, increased his recommendation to £250 billion worth of stimulus.


Investors are also betting that the Bank of England will keep interest rates on hold until after July 2012. Elsewhere, a report from the Office of National Statistics showed that Britain had its biggest budget deficit for any August since modern records began in 1993, as government spending increased and income tax receipts declined. The shortfall of £15.9 billion, compared with £14 billion a year earlier and the increase may jeopardise the UK's AAA credit rating. There is also speculation that the government will have to shift fiscal policies given the deterioration in the economic outlook. The weaker outlook for domestic and global growth had an important negative impact on confidence, amid fears that the UK debt burden could trigger a further downturn in economic activity. The latest CBI Industrial orders data provided no support to Sterling, weakening to -9 from 1 previously.
The Pound found support just below 1.54 over the weekend and the UK currency looks set for further losses, as the UK BBA mortgage lending data was marginally stronger-than-expected, which inspired a degree of confidence in the housing sector. The data didn't have a big impact on the market amid international developments elsewhere, which continued to dominate.
There were hopes that Euro-zone leaders would push towards a re-capitalisation of the banking sector and this would tend to provide a degree of relief to UK banks. The Pound also gained support from being outside the Euro-zone, as any burden of supporting weaker Euro-zone countries would not fall on the UK.


There will be very important concerns surrounding the UK economy with increasing pressure for additional quantitative easing by the Bank of England. Nevertheless, the Pound advanced towards 1.15 again against the Euro in early trading this morning and a move higher seems likely this week.


The SA Rand has definitely not escaped the double dip recession.