<&>Wellington Corpus of Spoken New Zealand English Version One <&>Copyright 1998 School of Linguistics & Applied Language Studies <&>Victoria University of Wellington <&>side one <&>13:29 all right <,> now you're going overseas whereabouts are you going to <{><[>and for how long <[>to the states um to the states for nine weeks i'm going on summer camp and then probably <.>another at the most three months staying in the states and then probably to canada okay all right inhales now when you talked about opening up an off shore account how did you view that as being of benefit to you um well some friends of mine are going overseas <&>14:00 and they said that they'd got an off shore account because what they did is bought <&>pronounced brought um some english money <{><[>and put it into their um this account and it meant that it was sort of quite stable with the <,> um currency rates <[>mm mhm tut <{><[>inhales <[>until they went and transferred it <.>into oh i'm not actually sure but they just said oh why don't you go and get one <{><[>laughs <[>okay and when are you going i'm going in <.>five five and half weeks right are you going on one of those y m c a camps tut um <.>yes yeah <{><[>something like that <[>yeah so's <.>one so's my flatmate oh right YEAH <{><[>laughs <[>holiday camp counsellor yeah yeah yeah he's going to san diego which part are you off <{><[>to <[>um new york new <{><[>york <[>yeah how EXCITING <{1><[1>laughs okay all right <,> what an off shore account does <,> tut is basically you're right you buy currency at a certain rate and <{2><[2>you leave it in that currency okay inhales and then when you want to take it <&>15:00 you can either have it converted back to new zealand or you can take it out in that currency if you're going in five weeks though i wouldn't recommend opening one okay first of all because voc the voc um the fees <{3><[3>okay what happens is when you put the money in okay it costs you nothing to put the money in but when you take it back out you're gonna have to take it out in travellers cheques or in draft in some form or another we have to convert it back to the new zealand rate at that time to work out the fees and then convert it back into the kiwi <.>rate er the u s rate so it all stays on the <.>same it all stays in the same rate okay <.>it's all stays in u s dollars but we charge you the fees at that time <{4><[4>for taking it back out in the equivalent of new zealand <{5><[5>dollars also the other thing is is we wouldn't OPEN an off shore account for it to be only <.>o used for five weeks <{6><[6>anyway <[1>laughs <[2>yeah <[3>mm <[4>oh right <[5>so <.>you <[6>right right okay right <&>16:00 so what I recommend <,> is that if you're wanting to avoid currency fluctuations okay you <.>start are you voc looking at buying just in little amounts or are you looking at buying the whole lot now well i'm not actually sure i guess i should start looking at what the um exchange rate is <.>and probably in little amounts i'd say and <.>then i don't know what's it like at the moment okay well the rate at the moment is actually not too <{1><[1>bad if you're looking at purchasing <,> for u s dollars i'll just grab my rate sheet for today <,> tut i noticed yesterday voc the where the new zealand dollar's getting a bit stronger <{2><[2>against it so your new zealand dollar's buying slightly more than it did um six months ago okay er six months ago it was you know every one new zealand dollars <.>would would buy about fifty cents american tut now you're getting about fifty three fifty four cents american <[1>right <[2>oh is it right tut okay inhales now how much are you <&>17:00 looking at taking overseas with <{><[>you <[>um probably in travellers cheques two thousand right i'm not actually sure because either i um <,> put some in my visa account mhm but someone just recommended to me yesterday that that's sort <.>of it's really hard to judge how much money you've got because when <.>it when you use your credit card um tut you don't know what the exchange rate for the day so you don't know actually how much you physically got and if it'll <{1><[1>go through that day which it <{2><[2>may not go through for a couple of <{3><[3>days later <{4><[4>mm <[1>in the bank <[2>yeah <[3>yeah <[4>um so he recommended that i just took quite a lot of travellers cheques and use that just as a back up if you get stuck mm okay but i don't know what do you think about that well I always suggest to customers when they go overseas that they use a selection of everything mm they take some in cash cos when you arrive obviously you're gonna need to get a cab from the airport mm things like that <,> you take a selection in cash you take some in travellers cheques cos they <&>18:00 ARE handy for um just you know going and getting some cash mm and bits and pieces and as you say you know about the exchange rate but also to use some in your visa okay inhales um the visa as sort of a back up as well <{1><[1>okay so that you've got something in there just <.>to to tide you through should anything happen to your travellers cheques i mean like your travellers cheques you always get them replaced <,> <{2><[2>okay but there is a <.>per maybe a period where you're going to need something to get you <[1>mm <[2>mm mm somewhere okay so i always say to people take a selection of everything and then you're right now tut for the amount that you're looking at taking <.>over what you've got about five thousand new zealand saved have you <.>or um <{><[>no <[>or <.>a or are you talking two thousand new zealand <{><[>to travel <[>yeah two thousand new zealand okay all right in THAT case i would suggest because that would only convert back to being <&>19:00 about <{1><[1>one thousand <,> <{2><[2>american in THAT case i would actually suggest you just put it on take <.>some half <.>in take some in cash and put the rest in your visa <[1>one <[2>yeah mm yes travellers cheques are actually a <.>more <.>are are an expensive way of purchasing right tut okay inhales um for example <.>we voc we charge a commission on what you're purchasing now if you're purchasing cash we charge one per cent new zealand with a minimum of five dollars <,> um and for travellers cheques we charge one per cent new zealand minimum of ten dollars so for the amount that you're looking at if you were to purchase cash AND travellers cheques you voc it would actually cost you fifteen dollars mm just in commissions alone as opposed to if you <.>put if you took over say two three hundred u s with you in cash and put the rest on your credit card it's only gonna cost you <,> five <&>20:00 <.>hundred er five dollars <{><[>mm <[>new zealand in commissions otherwise <.>it's you start eating into what you've saved right by taking it in commissions right of course if you want to take travellers cheques then that's fine um <.>that's you know that's again inhales another idea but for the amount that you're looking at the fluctuation in rates probably isn't going to affect you TOO much <,> okay if that's your main concern mm being the rates um <,> it's probably only going to affect you by a couple of dollars each <{1><[1>way see people look at rates and think oh WOW you know if it does this or if it does that that's going to affect me by quite a bit but when you actually sit down and work out the rates the reality is it <.>only will only affect you by a couple of <{2><[2>dollars when you're looking at a couple of thousand new zealand <[1>mm <[2>a little bit right so it's not worth sort of <{><[>word <[>well voc i've got to be honest and say <&>21:00 voc probably the reality is um <,> that i mean you might save five dollars either way <{><[><.>so or spend five dollars either way if you buy now or buy later <[>yeah yeah yeah it doesn't really matter <{><[>like um <.>what's also is it better like i thought maybe i'd leave some money in an account here <[>word mm so that if i need it i can transfer it or would it be better to leave <.>so do that or just to take ALL my <.>money all my money i possess in the whole world or just all my savings you know what i mean tut inhales well i can't answer that question <{1><[1>for you it's really a decision as to you have to decide okay um <{2><[2>it depends on your personal circumstances <[1>mm <[2>but how easy is it <.>to yeah how easy is it? <{><[>um if you leave money here in new zealand <[><.>to to get it you can <,> either contact us by fax or <{1><[1>phone or um give somebody authority to operate on your accounts and contact THAT person get them to arrange for money to be sent <&>22:00 over to you OR the bank that you're banking at over in the states or canada you can get them to <.>contact contact us and send <{2><[2>money over we charge twenty five dollars for telexing it <[1>right <[2>right right okay there will be <.>ba charges that the american banks will charge too um because they differ from bank to bank i couldn't even begin to give you an indication yeah as to what charges you are likely to get at the other end that's quite a <{><[>lot <[>there <.>is it IS easy enough to organise but what the charges <.>are we charge twenty five dollars if you want a telex mm um which normally is the way because normally people who <&>pronounced whos leave money here in new zealand and want it sent over to the country where they're in are normally pretty desperate for it so <{><[>they want their money as fast as possible i mean we could send it by a bank draft but by the time that was posted over to you <[>right laughs yeah yeah um and the funds were cleared er i mean that is another option but if you're leaving money here you're not going to want that until you <&>23:00 really need it <{><[>are you <[>mm mm <.>so but it is easy enough to organise if you want to do that um tut i normally recommend to people if you're gonna leave money here inhales um to give um parents or a family member authority <{1><[1>to operate on that account so that then <.>yo when you <.>wri if you need the money you can ring them and say look i'm stuck can you get money sent over and they can just come in and organise it and it cuts out one lot of fees from the u s bank end um and it saves on faxes and things <{2><[2>like that <[1>mm <[2>mm <&>23:32