TorFX

TorFX

About TorFX

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 Foreign Exchange rates

Rates and fees verified as correct at 20 October, 2020. Other information correct at the time of writing.

Whether you’re arranging transfers online or over the phone, TorFX aims to make the process simple, cost-effective and hassle-free. 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* For 10,000 AUD recipient will get
United States Dollars (USD) USD
USD 0.7021 USD 7,021 Go to site
Euros (EUR) EUR
EUR 0.5943 EUR 5,943 Go to site
Great Britain Pounds (GBP) GBP
GBP 0.542 GBP 5,420 Go to site
Canadian Dollars (CAD) CAD
CAD 0.925 CAD 9,250 Go to site
Chinese Yuan (CNY) CNY
CNY 4.6902 CNY 46,902 Go to site
Danish Krone (DKK) DKK
DKK 4.4233 DKK 44,233 Go to site
Hong Kong Dollars (HKD) HKD
HKD 5.4414 HKD 54,414 Go to site
Indian Rupee (INR) INR
INR 51.584 INR 515,840 Go to site
Indonesian Rupiah (IDR) IDR
IDR 10328.4013 IDR 103,284,013 Go to site
Japanese Yen (JPY) JPY
JPY 74.1309 JPY 741,309 Go to site
Malaysian Ringgit (MYR) MYR
MYR 2.9222 MYR 29,222 Go to site
New Zealand Dollars (NZD) NZD
NZD 1.0693 NZD 10,693 Go to site
Norwegian Krone (NOK) NOK
NOK 6.5129 NOK 65,129 Go to site
Philippine Peso (PHP) PHP
PHP 34.0808 PHP 340,808 Go to site
Saudi Riyal (SAR) SAR
SAR 2.6328 SAR 26,328 Go to site
Singapore Dollars (SGD) SGD
SGD 0.9528 SGD 9,528 Go to site
South African Rand (ZAR) ZAR
ZAR 11.5812 ZAR 115,812 Go to site
Swedish Krona (SEK) SEK
SEK 6.1692 SEK 61,692 Go to site
Swiss Francs (CHF) CHF
CHF 0.6372 CHF 6,372 Go to site
Thai Baht (THB) THB
THB 21.9659 THB 219,659 Go to site
UAE Dirham (AED) AED
AED 2.5784 AED 25,784 Go to site

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:


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 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 rateLock 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 24/7Transfer 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 paymentsMake 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. 


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:

Visit TorFX website

Go to site

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.

Compare International Money Transfer from major brands including:

TO

*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.