How will the Australian dollar affect travel and consumer spending? A Money Transfer Comparison study October 2022 October 2022 2 About the study In the first three quarters of 2022, the Australian dollar experienced promising highs which caused the prices of overseas goods and services to become more affordable for Australians. However, in late September 2022 the dollar began falling against the USD and other currencies, only experiencing a gain against the New Zealand dollar. Money Transfer Comparison commissioned an independent study of 1009 Australians to gauge how Australians will ..read more

Basic quiz reveals Australians' lack of understanding on impacts of AUD fluctuations A Money Transfer Comparison Study January 2023 About the study Money Transfer Comparison commissioned a survey of 1002 Australians to gauge – in a quiz format – their understanding of the Australian dollar and impacts of its exchange rate fluctuations. The Australian dollar fluctuated throughout 2022, peaking on 5 April to USD$0.76 and falling on 15 October to just USD$0.62 – the biggest fall since April 2020. It rose again on 15 November to $0.68, before falling slightly to $0.66 by 20 December. Respond ..read more

Why are Australian businesses still relying on their credit cards for overseas spending? November 2023 ABOUT THE STUDY Money Transfer Comparison commissioned a survey of an independent panel of business owners and decision makers to find out how many Australian businesses still use a business credit card when making overseas payments, including international purchases over $2000. Respondents were also asked to select the top reasons why they opt for their credit cards when making international purchases. They could choose all that apply from the list below: Convenience – easy to pull out ..read more

Will Australian businesses source more suppliers or customers from overseas as the cost of doing business increases? A Money Transfer Comparison Study September 2023 ABOUT THE STUDY As living costs increase in Australia, local suppliers are raising prices to stay afloat. Changes in how Australians spend money due to tighter budgets have led businesses to think about finding suppliers and customers in other places. Money Transfer Comparison commissioned a survey to find out whether Australian businesses are choosing to source more from overseas suppliers as the cost of doing business ris ..read more

August 2023 WILL SMES OUTSOURCE WORK OVERSEAS AMID A TIGHT JOB MARKET & RISING WAGES? A Money Transfer Comparison Study ABOUT THE STUDY Money Transfer Comparison commissioned a survey of 159 directors and decision-makers of small-to-medium businesses to find out if SMEs would look at hiring overseas workers to mitigate rising wages in Australia. Respondents were asked to specify whether they would tap into overseas labour and for what reason. Respondents were also asked for which area of their business they would source overseas workers. WOULD SMES USE OFFSHORE WORKERS TO RELIEVE ..read more

June 2023 HOW MANY AUSSIES ARE IGNORANT ABOUT THE MEANING OF EXCHANGE RATES AND INTERNATIONAL TRANSFER FEES? A Money Transfer Comparison Study ABOUT THE STUDY Money Transfer Comparison commissioned a survey of 1002 Australians to gauge how many truly understand the meaning of exchange rates and international transfer fees. The survey asked respondents to select the true statements about exchange rates. Respondents could select more than one statement. The statements they reviewed were: An exchange rate is a fee that the bank adds to every international money transfer. (FALSE) The exch ..read more

Are Aussies losing out by using credit cards for overseas purchases rather than money transfers? A Money Transfer Comparison Study May 2023 About the study Money Transfer Comparison commissioned a survey of 1002 Australian adults to gauge whether they prefer to use secure money transfer platforms or credit cards when making overseas purchases or international transfers. Respondents were asked if they would do their research first to find the most cost-effective payment method, and whether they would really use a money transfer platform over a credit card, if the former had no fees or low ..read more

Understanding the complex interplay between push and pull factors is essential in the ever-changing landscape of global migration. These economic driving forces shape people’s decisions to seek better lives overseas, fueled by the desire for financial stability and opportunities. Let’s embark on a journey to uncover the fascinating dynamics behind immigration and how economic factors motivate individuals to cross borders and forge a new path. What are Push and Pull Factors? The concept of push and pull factors emerged in the study of human migration patterns to better understand the motivation ..read more

If you’ve recently moved abroad permanently for work or temporarily for a short project, you will need more support than usual to ease the life-changing transition. Fortunately, smartphones have made our lives much easier and offer various tools and resources through mobile apps. You can find an app for everything, whether it is learning and translating languages, getting around the city, meeting new people, or managing your finances. Here we share a list of the 15 best apps that global nomads and expats living abroad must have on their phones. We haven’t covered any messaging apps like WhatsA ..read more

Etiquette is a code of behaviour for social interactions according to contemporary conventional norms within a society or group. We all know that because we’ve been raised so by our parents, and then learned more of them in the many years of school. Basic stuff that is familiar to everybody (even though not everybody chooses to apply it), but have you ever think what the normal etiquette is in other countries? How different or similar they are? The current economy encourages a multicultural workplace, and having strong knowledge of business etiquette can differentiate you from others in a comp ..read more