Advertisement

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 offices in Australia, the UK, mainland Europe, the USA, South Africa and China, and makes transfers in over 40 currencies.  Here in Australia, TorFx has a Australian Financial Services Licence and is regulated by the Australian Transaction Reports and Analysis Centre 'AUSTRAC'. It has over 100,000 customers worldwide and transacts over AU$10 billion annually.

TorFX Foreign Exchange rates

Rates and fees verified as correct at 23 February, 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 0.6606 USD 6,606 Go to site
Euros (EUR) EUR
EUR 0.6089 EUR 6,089 Go to site
Great Britain Pounds (GBP) GBP
GBP 0.5097 GBP 5,097 Go to site
Canadian Dollars (CAD) CAD
CAD 0.8734 CAD 8,734 Go to site
Chinese Yuan (CNY) CNY
CNY 4.6416 CNY 46,416 Go to site
Danish Krone (DKK) DKK
DKK 4.5489 DKK 45,489 Go to site
Hong Kong Dollars (HKD) HKD
HKD 5.1441 HKD 51,441 Go to site
Indian Rupee (INR) INR
INR 47.4909 INR 474,909 Go to site
Indonesian Rupiah (IDR) IDR
IDR 9143.7384 IDR 91,437,384 Go to site
Japanese Yen (JPY) JPY
JPY 73.711 JPY 737,110 Go to site
Malaysian Ringgit (MYR) MYR
MYR 2.7765 MYR 27,765 Go to site
New Zealand Dollars (NZD) NZD
NZD 1.0401 NZD 10,401 Go to site
Norwegian Krone (NOK) NOK
NOK 6.1337 NOK 61,337 Go to site
Philippine Peso (PHP) PHP
PHP 33.629 PHP 336,290 Go to site
Saudi Riyal (SAR) SAR
SAR 2.4772 SAR 24,772 Go to site
Singapore Dollars (SGD) SGD
SGD 0.9236 SGD 9,236 Go to site
South African Rand (ZAR) ZAR
ZAR 9.9093 ZAR 99,093 Go to site
Swedish Krona (SEK) SEK
SEK 6.4171 SEK 64,171 Go to site
Swiss Francs (CHF) CHF
CHF 0.6463 CHF 6,463 Go to site
Thai Baht (THB) THB
THB 20.858 THB 208,580 Go to site
UAE Dirham (AED) AED
AED 2.426 AED 24,260 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.

 
Advertisement