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Understanding the Table:
The comparison table above helps you see the total cost of your TorFX currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
TorFX is a leading provider of foreign exchange services, offering very competitive currency exchange rates for international money transfers and an unrivalled personal service to private individuals and companies with a foreign currency exchange requirement. TorFX is based in the United Kingdom and Australia.
TorFX provides market best rates & service with no fees or bank charges on all transfers - talk directly to TorFX dealers or book & track your transfers online. TorFX have our highest level of customer satisfaction.
The TorFX UK team are based in London and Cornwall and process in excess of 3 billion Pounds in foreign exchange and international payments per annum. They are known for both the quality of their customer service and exchange rates.
The TorFX Australia team are based in Queensland and provide a great dedicated service and competitive exchange rates both when trading online and over the telephone.
TorFX ’s approach to customer service is what sets it apart from its competitors. Over and above the competitive pricing and the value for your money, it is the uncompromising service levels that make them stand apart.
Right from the initial query through each step of the transaction, TorFX ’s account managers get involved in understanding each customer requirement and executing it all to its completion. Every case is different and treated as such.
After you register with TorFX the steps to transfer are as follows:
1. TorFX will call you to verify your identity and set up your online account, you can then monitor the rate in real-time.
2. When you are ready to do your transfer you simply login into the TorFX website and enter the details (Currency, Amount & Beneficiary Account) and then transfer the FROM amount to the TorFX bank account.
3. TorFX then send the money to the beneficiary foreign currency account at much better rates than you would get using your own bank.
4. TorFX notifies you when the funds have been received into the destination account.
In the complex world of foreign exchange, handholding a customer and their transactions are of utmost importance. Treating every transfer as a relationship extends beyond getting the best exchange rate. Ensuring the transfer is done smoothly and satisfactorily, and effected in the set timeline and the client feedback taken have been standard steps in a TorFX relationship.
TorFX is a UK-based foreign exchange broker that specializes in providing currency exchange and international payment services to individuals and businesses. The company was founded in 2004 and is headquartered in Penzance, Cornwall, UK.
TorFX operates primarily online and offers its services to customers in the UK, Europe, Australia, and other regions around the world. The company has a team of more than 500 employees, including experienced currency traders, account managers, and customer service representatives who work to provide a high level of support and personalized service to each customer. TorFX is regulated by the Financial Conduct Authority (FCA) in the UK, which helps to ensure that the company adheres to strict standards of financial conduct and customer protection.
The following are some of the services offered by TorFX:
1. Currency exchange: TorFX provides currency exchange services to individuals and businesses, allowing them to exchange currency at highly competitive rates.
2. Forward contracts: TorFX offers forward contracts that allow customers to lock in an exchange rate for a future transaction, protecting them from fluctuations in the currency markets.
3. Market updates and analysis: TorFX provides regular market updates and analysis to help customers stay informed about the latest currency trends and developments.
4. International payments: TorFX allows customers to make international payments and transfers in a variety of currencies, using a secure and efficient online platform.
5. Personalized service: Each customer is assigned a dedicated account manager who can provide personalized advice and support, helping to ensure a smooth and successful transaction.
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• No fees and excellent exchange rates for large sums
• Personal account managers for guidance and rate negotiation
• Local offices and support in both the UK and Australia
• FCA and ASIC regulated, with strong customer trust
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• No cash pickup or card transfers — bank-to-bank only
• Not ideal for small transfers under a few thousand
• App and online tools are basic compared to fintech rivals
• No 24/7 support — limited to business hours
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Exchange Rates ⭐⭐⭐⭐⭐
Fees ⭐⭐⭐⭐⭐
Ease of Use ⭐⭐⭐
Speed ⭐⭐⭐⭐
Support & Service ⭐⭐⭐⭐⭐
App & Tools ⭐⭐
For more information read our Review of TorFx.
The TorFX GBP to AUD exchange rate is 2.0661. This is -0.75% compared to the latest GBP-AUD mid-market rate 2.0818.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare British pound (GBP) to Australian dollar (AUD) rates from different sources before making a conversion.
The above TorFX - Sterling to Aussie comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by TorFX and other foreign exchange providers against the latest GBP-AUD mid-rate and the possible savings of using various providers.
Looking at the full GBP to AUD - Send Money comparison table the provider with the best GBP to AUD exchange rate is Wise at 2.0724, -0.45% from the latest mid-market rate 2.0818.
The next best is OFX at 2.0714, -0.5% from the mid-rate.
Then XE at 2.0693, which is -0.6% from the mid-rate.
The Western Union rate is 2.0609 which is -1% from the mid-rate.
Among the banks the Lloyds Bank rate is 1.9751 at -5.1% the Royal Bank of Scotland rate is 1.9876 at -4.5% and the Barclays Bank rate is 2.0089 at -3.5% compared to the mid-rate 2.0818.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service like TorFX or platforms that offer rates closer to the mid-market rate.
View a full list of exchange rates by selecting your Base (from) currency:
