BER Currency News

BER Home/s

  1. Guides
  2. Countries (A-Z)
  3. Taiwan - Travel & Foreign Exchange Guide

Foreign Exchange Guide to Taiwan

Country Code:
TW
Domestic Currency:
New Taiwan Dollar
Currency Code:
NT$ TWD
Telephone Prefix:
+886

In this guide we review :

  1. Buying New Taiwan Dollar Cash Online - Travel money for Taiwan
  2. New Taiwan Dollar (TWD) - Currency Market News
  3. Sending Money to Taiwan - Save on New Taiwan Dollar bank transfers
  4. New Taiwan Dollar Exchange Rates - Latest info & charts.

Travel Money for Taiwan - Buying New Taiwan Dollar (TWD)

Save money and time by Ordering your New Taiwan Dollar Online from Travelex, you get better rates and can pick up the TWD cash locally or even on travel day at the airport.

Another popular option is to use a Pre-paid Travel Card. Your Debit/Credit Card provider will charge you 2% from market mid-rate, but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash.

For card purchases if offered a choice of currencies always select to Pay in New Taiwan Dollar otherwise you may get much worst exchange rates.


Taiwan Trip Checklist   

  1. Compare TWD Travel Cash Rates - probably why you are here!
  2. Hotel Deals - Save on your accomodation in Taiwan
  3. Travel Insurance - for those unexpected travel adventures...
  4. Lonely Planet - Travel Guide 3 for 2 offer

New Taiwan Dollar (TWD) - Currency Market News

The Taiwan dollar had a storming start to 2017, gaining 9% against the dollar between January and mid-May, but since then the currency has, for the most part, drifted sideways. A USD/TWD rate in the final week of October of 30.26 was little changed on rates from the final week of May (roughly 30.16).

The Taiwan dollar was at least moving against the Japanese yen, against which it climbed in late October to a five-month high of 3.772. The Taiwan dollar is now 4.2% higher on the year against the yen and 5.2% higher than its September lows. However, much of the Taiwan dollar’s appreciation versus the yen is driven by the yen side. October’s re-election of Shinzo Abe as Japanese Prime Minister will preserve “Abenomics” and aggressive stimulus by the Bank of Japan, and this has led to broad yen weakness.

In late October, the Taiwan dollar strengthened against the euro to levels unseen since July. EUR/TWD fell hard on October 26th to 35.27 after the ECB’s announcement that it would proceed cautiously with the normalization of monetary policy – specifically, that there would be no “sudden end” to the bank’s quantitative easing program and that low interest rates would be preserved “well past” QE’s eventual termination date.


Sending Money to Taiwan

When sending money to Taiwan it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 3 simple steps :

  1. Open an account with a provider (id docs may be required)
  2. You specify the local or New Taiwan Dollar amount you want to transfer
  3. Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
  4. Once your funds are received by the provider the converted TWD amount will be transfered to the recipient account you specify in Taiwan.

You can save around 5% and maybe more - end result is more New Taiwan Dollar deposited into the recipient bank account in Taiwan and less margins and fees kept by the banks!

Compare Transfer Exchange Rates to Taiwan


New Taiwan Dollar - Latest Rate Info

Popular New Taiwan Dollar Cross Rates
View Full List (A-Z)
1TWD=

BER logo Best Exchange Rates - We make it Easy to Compare Exchange Rates & Fees of Banks and Currency Exchange & Payment Providers


Level 2, AMP Tower, 50 Bridge Street, Sydney, NSW 2000, Australia

Disclaimer | Copyright | Privacy Statement


DISCLAIMER

Best Exchange Rates is an information only service. By browsing on the website, using our comparison tools or FX provider referral service, you are asking Best Exchange Rates to provide you with information about currency exchange products & services from multiple financial institutions.

We will try to show you a range of products & services in response to your request for information. The search results do not include all providers and may not compare all features relevant to you. In giving you product information we are not making any suggestion or recommendation to you about a particular product.

If you decide to conduct foreign exchange you will deal directly with a financial institution, and not with Best Exchange Rates. Rates and product information should be confirmed with the relevant financial institution, see our terms of use for further details.

Best Exchange Rates may receive fees or other benefits in relation to activity on the Best Exchange Rates website. Best Exchange Rates may receive remuneration for vendor referral links. Please note that the opinions of our authors are their own and do not reflect the opinion of Best Exchange Rates and should not be taken as a reference to buy or sell any financial product.

Read our Full Terms of Service



COPYRIGHT

This website and its contents are the copyright of BEST EXCHANGE RATES PTY LTD © 2009-17. All rights reserved.

Any redistribution or reproduction of part or all of the contents in any form is prohibited other than the following. You may print or download contents to a local hard disk for your personal and non-commercial use only. You may copy some extracts only to individual third parties for their personal use, but only if you acknowledge the website as the source of the material.

You may not, except with our express written permission, distribute or commercially exploit the content. You may not transmit it or store it on any other website or other form of electronic retrieval system.

For more details or request distribution right please contacxt us here.