TorFX

TorFX

About TorFX

If you’re after bank-beating exchange rates for your next international money transfer, TorFx has a lot to offer. It has been around for over ten years (established in 2004 in the UK) to provide foreign exchange and international payments to businesses and individuals. It has over 240 staff and operates in eight countries including Australia, the UK, South Africa, India and the US. TorFx is authorised and regulated by ASIC here in Australia, has over 100,000 customers worldwide and transacts over £3b annually. 

TorFX Foreign Exchange rates

Rates and fees verified as correct at 20 January, 2019. Other information correct at the time of writing.

TorFx is serious about providing the most competitive pricing to its customers, in fact, it has a best rate guarantee so if you’ve got an account with another provider who’s offering a better price, they’ll beat it. See below today’s rates with TorFx 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 0.7134 USD 7,134 Go to site
Euros (EUR) EUR
EUR 0.6277 EUR 6,277 Go to site
Great Britain Pounds (GBP) GBP
GBP 0.5541 GBP 5,541 Go to site
Canadian Dollars (CAD) CAD
CAD 0.9453 CAD 9,453 Go to site
Chinese Yuan (CNY) CNY
CNY 4.8337 CNY 48,337 Go to site
Danish Krone (DKK) DKK
DKK 4.686 DKK 46,860 Go to site
Hong Kong Dollars (HKD) HKD
HKD 5.5947 HKD 55,947 Go to site
Indian Rupee (INR) INR
INR 50.8112 INR 508,112 Go to site
Indonesian Rupiah (IDR) IDR
IDR 10164.0601 IDR 101,640,601 Go to site
Japanese Yen (JPY) JPY
JPY 78.3068 JPY 783,068 Go to site
Malaysian Ringgit (MYR) MYR
MYR 2.9481 MYR 29,481 Go to site
New Zealand Dollars (NZD) NZD
NZD 1.0579 NZD 10,579 Go to site
Norwegian Krone (NOK) NOK
NOK 6.1082 NOK 61,082 Go to site
Philippine Peso (PHP) PHP
PHP 37.5764 PHP 375,764 Go to site
Saudi Riyal (SAR) SAR
SAR 2.6753 SAR 26,753 Go to site
Singapore Dollars (SGD) SGD
SGD 0.9699 SGD 9,699 Go to site
South African Rand (ZAR) ZAR
ZAR 9.8937 ZAR 98,937 Go to site
Swedish Krona (SEK) SEK
SEK 6.4499 SEK 64,499 Go to site
Swiss Francs (CHF) CHF
CHF 0.7101 CHF 7,101 Go to site
Thai Baht (THB) THB
THB 22.6815 THB 226,815 Go to site
UAE Dirham (AED) AED
AED 2.62 AED 26,200 Go to site

Key information about transferring money with TorFx

TorFx offers overseas money transfer services for over 30 currencies. Whether you’re an individual wanting to do a one off money transfer or a small business who wants to make regular payments to a supplier, there are few things you’ll need to know:


TorFx services for personal transfers

There are so many reasons for needing to send money overseas these days. You might need to make a single one off transaction or you could be tapping into your entrepreneurial spirit and starting a new business venture with suppliers in multiple countries. TorFx has services for:

Family paymentsFamily payments

If you’ve got family living overseas you can use TorFx to transfer money quickly and safely. You can make payments at anytime knowing that TorFx’ has some of the most competitive prices in the market.

Emigration Emigration

You’re off to start a new life in a new country and whether its for work, leisure or retirement making sure you get the best value when moving your assets internationally is extremely important. 

Buying property overseas Buying property overseas

Whether you’ve got a dream of starting your very own version of the ‘First Marigold Hotel’ or buying a renovator's delight in Tuscany, if you’re planning on buying property overseas you’ll be transferring more than just a couple of thousand of dollars. Getting the very best exchange rate could make a big difference to setting up your new home. TorFx lets you fix the rate you’ll get up to 2 years in advance so that you’ll know when the time comes around to transferring your funds you’ll know exactly how much your purchase is going to cost. 

Immediate money transfers Immediate money transfers

If you’ve got 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’ best rate guarantee will mean you will get the best rate for your transfer.   

Regular payments Regular payments

If you’re going to be making regular monthly transfers between $1000 and $20,000 TorFx can offer you a commercial rate on your payments. TorFx can save you an average of 3% over the rates offered by big banks.


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

If you would like a quote for your international money transfer you can request one first via the online form on the TorFx website. However, to be able to trade you will need to have an account set up and this also means that you’ll need to have your identity confirmed, so allow some time for this 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 as follows:

  1. Book a trade. If you are trading less than $25,000 you can trade on TorFx online or you can contact your Account Manager who will confirm the current trading rate and execute trades on your instruction.
  2. Confirmation. TorFX will send a Contract Note outlining the terms of your trade. You’ll be asked to pay TorFX in the sale currency and your purchased currency will be sent straight to your nominated account.
  3. Transfer. Dependent on the contract selected 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 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.