TorFX international money transfers

If you’re after bank-beating exchange rates for your next international money transfer, be sure to check out TorFX. It’s been supplying fee-free transfers for more than 15 years (established in 2004 in the UK) to provide foreign exchange and international payments to businesses and individuals around the world. TorFX operates through more than 20 global offices and transfers over 40 currencies to more than 120 countries. Here in Australia, TorFX has an Australian Financial Services Licence (AFSL) and is regulated by the Australian Transaction Reports and Analysis Centre (AUSTRAC). It has more than 55,000 customers worldwide and transacts over AU$10 billion annually via 24/7 online transfers or through your personal account manager over the phone.

TorFX is also a winner of a 2022 Mozo Experts Choice Awards for international money transfer. 

TorFX Foreign Exchange rates

Rates and fees verified as correct at 22 April 2024. Other information correct at the time of writing. Advertiser disclosure.

Whether you’re arranging transfers online or over the phone, TorFX aims to make the process simple, cost-effective and hassle-free. The new TorFX app makes it possible to exchange and transfer money on-the-go, too (see below for more details). Check out the exchange rates on offer from TorFX today by plugging in how much you want to transfer and Mozo’s tool will do the rest.

Currency At today's TorFX Rate, 1 AUD buys* Indicative amount transferred for 10,000 AUD
Mozo logo UAE Dirham (AED)
AED2.3634 AED 23,634 Go to site
Mozo logo Bahraini Dinar (BHD)
BHD0.242 BHD 2,420 Go to site
Mozo logo Canadian Dollars (CAD)
CAD0.8808 CAD 8,808 Go to site
Mozo logo Swiss Francs (CHF)
CHF0.585 CHF 5,850 Go to site
Mozo logo Chinese Yuan (CNY)
CNY4.6613 CNY 46,613 Go to site
Mozo logo Danish Krone (DKK)
DKK4.5018 DKK 45,018 Go to site
Mozo logo Euros (EUR)
EUR0.6016 EUR 6,016 Go to site
Mozo logo Great Britain Pounds (GBP)
GBP0.518 GBP 5,180 Go to site
Mozo logo Hong Kong Dollars (HKD)
HKD5.0257 HKD 50,257 Go to site
Mozo logo Japanese Yen (JPY)
JPY99.5701 JPY 995,701 Go to site
Mozo logo Kuwaiti Dinar (KWD)
KWD0.1984 KWD 1,984 Go to site
Mozo logo Norwegian Krone (NOK)
NOK7.0676 NOK 70,676 Go to site
Mozo logo New Zealand Dollars (NZD)
NZD1.0853 NZD 10,853 Go to site
Mozo logo Omani Rial (OMR)
OMR0.2478 OMR 2,478 Go to site
Mozo logo Philippine Peso (PHP)
PHP36.9511 PHP 369,511 Go to site
Mozo logo Qatari Riyal (QAR)
QAR2.3425 QAR 23,425 Go to site
Mozo logo Saudi Riyal (SAR)
SAR2.4133 SAR 24,133 Go to site
Mozo logo Swedish Krona (SEK)
SEK7.0013 SEK 70,013 Go to site
Mozo logo Singapore Dollars (SGD)
SGD0.8758 SGD 8,758 Go to site
Mozo logo Thai Baht (THB)
THB23.7774 THB 237,774 Go to site
Mozo logo United States Dollars (USD)
USD0.6416 USD 6,416 Go to site
Mozo logo South African Rand (ZAR)
ZAR12.2881 ZAR 122,881 Go to site
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Key information about transferring money with TorFx

TorFx offers overseas money transfer services for over 40 currencies. Whether you’re an individual wanting to do a one off money transfer or a small business who needs to make regular payments to a supplier, there are few key features you'll need to be clear on when using TorFX, including:

  • Transfer minimum: The minimum transfer you can make with TorFx is $200.
  • Speed of transfer: It generally takes between 24-48 hours for the funds to hit your recipient's account from the time of transfer, though it can take longer for less frequently traded currencies.
  • No transfer fees: TorFx don’t charge you a thing for making an international payment with them, either online or over the phone. But keep in mind it is possible that the bank at the recipient’s end may charge fees.

TorFX app 

The new TorFX app now gives customers access to international money exchange services on-the-go. Features of the app include: 

  • Live exchange rates 
  • View your transaction history 
  • Top up your wallets 
  • Update your TorFX account info
  • Track your transfers throughout the whole process.
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TorFx services for personal overseas money transfers

There are so many reasons for needing to send money overseas these days. You might be transferring money to family and friends back home every month, buying or selling an overseas property or making a one-off transfer before you emigrate to another country for good. Whatever your needs and plans, TorFX has a bunch of different features and services to help, including:

On the spot money transfers 

If you need to make an immediate international money transfer to an account overseas, whether its for a holiday rental, a new piece of artwork or any number of reasons, you’ll want the best exchange rate you can get on the day. TorFX offers spot transfers which can usually be completed in 1-2 working days, with competitive exchange rates.

Lock in an exchange rate

Not ready to transfer just yet? TorFX gives you the option of a forward contract, which locks in an exchange rate for your transfer up to 2 years in advance.

Transfer funds 24/7

If you're happy to make your overseas money transfer online, you can do it through your TorFX account any time, any place. And it's not just making exchanges - you can also check live exchange rates, set rate alerts and lock in a rate for future transfers whenever you like.

Make regular international payments

Whether you're sending money home to family or paying off your summer home in the south of France, if you’re going to be making regular monthly transfers between $1000 and $20,000 you can automate the transfer process. 

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What’s different about using TorFx?

Gone are the days when you only had a few choices for transferring money overseas. Here’s some reasons why you might want to consider using TorFx for your next foreign exchange trade:

  • Fee free overseas money transfers. You don’t pay any fees to TorFX for transferring your funds online or over the phone.
  • Personal support. You'll have a personal Account Manager to answer all your questions and help you set up transfers.
  • Low minimum transfer. Unlike some money transfer providers that have minimum transfer amount of $1,000 or more, with TorFx you can transfer as little as $200.
  • Impressive global footprint. The global footprint and operational infrastructure of TorFx ensures that its payments are fast, accurate and seamless.
  • Transfer anytime, anywhere. TorFX Online is available 24/7, so you can check live exchange rates, set rate alerts and buy currency in advance no matter where you are.
  • Plus, it won a Mozo Experts Choice Award in 2016 and 2017, which is kind of a big deal.

Visit TorFX website

Go to site
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How to transfer money with TorFX

To start off, get a quote for your international money transfer via the online form on the TorFx website. If you're happy with the quote you get,  you'll need to set up an account and have your identity confirmed, so make sure you've got ID ready to go and allow time to get this sorted before your first trade.

The good news is that you are under no obligation to trade so you can have your account set up in advance and then only make the trade when the time is right for you.  

Once you are registered, you’ll be assigned an Account Manager. If you need guidance and support regarding your trade they are there to help you.

The process for making a trade is generally:

  1. Book a transfer. If you are trading less than $25,000 you can check exchange rates and book a transfer on TorFx online. Or, you can contact your Account Manager over the phone, and they'll confirm the current exchange rate and set up the transfer for you.
  2. Receive confirmation. TorFX will send a Contract Note outlining the terms of your transfer. You’ll then transfer your money to TorFX in Aussie dollars, so they can make the transfer for you.
  3. Transfer takes place. Depending on the kind of transfer you're doing and the currencies involved, the converted currency is usually transferred to the recipient account within 1 to 2 working days. For EUR, GBP and USD same day processing is often available.

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*The exchange rates offered by each provider are indicative exchange rates that have either been supplied by each provider or gathered by Mozo. Exchange rates fluctuate constantly and as a consequence the exchange rates listed here may vary to the actual exchange rate you are quoted by a provider. Please ensure you confirm the actual exchange rate with the relevant provider prior to conducting any transaction. These exchange rates are updated every hour.