7. Interesting Numbers
โข Worldwide currency exchange movements average USD4
trillion daily (BIS 2010).
โ NZD and AUD total currency exchanges total USD 0.2B daily (3.8% of global
turnover).
โ USD/EUR currency pair trades total USD1,100B daily (28% of global turnover)
โ USD/GBP currency pair trades total USD360B daily (9% of global turnover)
โ EUR/GBP currency pair trades total USD109B daily (3% of global turnover)
โข The Pacific Island remittance corridor (A/NZ/US to Pacific
Islands) is very expensive by global standards โ in 2008
USD470M remittances attracted USD90M in
fees/commissions.
8. (Very) Interesting Innovation
โข Internet and mobile based
โข Community oriented
โข Personalised
โข Low cost, no TT fees