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Best SGD to TWD Exchange Rates Compared Live

The best SGD to TWD exchange rate is 23.71. Compare foreign transfer and currency exchange rates, find better rates & deals.

SGD-TWD Best Exchange Rate Calculator
 

Comparing SGD-TWD exchange rates

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Singapore dollar (SGD) to New Taiwan dollar (TWD) rates from different sources before making a conversion.

The above Singapore dollar to New Taiwan dollar comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged vs the latest SGD-TWD mid-rate (see below) and the possible savings of using another provider.

 
@bestfxrates : 📈 #SGDTWD Update: The SGD to TWD exchange rate remains stable, now at 23.73, 1.3% above the 3-month avg. MAS's steady policy aids SGD's stability. Watch for Fed signals & local inflation for SGD moves. TWD may face headwinds from tech slowdown & geopolitical risks. Stay tuned. #Forex #CurrencyTrading

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SGD to TWD Market Data

Singapore dollar (SGD) to New Taiwan dollar (TWD) market data - latest interbank exchange rate, trend, chart & historic rates.

 
1 SGD =
23.71We compare provider deals to this wholesale mid-market rate. Read more
TWD
+0.0%
📉1W
SGD to TWD at 23.73 is 1.2% above its 3-month average of 23.44, having traded in a very stable 2.3% range from 23.22 to 23.75
|
Sell SGD   â†’   Buy TWD
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  1 TWD = 0.042184 SGD
DateSGD/TWDChangePeriod
07 Jul 2023
23.17
1.6% â–²2 Week
22 Apr 2023
22.95
2.6% â–²3 Month
21 Jul 2022
21.51
9.5% â–²1 Year
22 Jul 2018
22.47
4.8% â–²5 Year
23 Jul 2013
23.65
0.4% â–¼10 Year
26 Jul 2003
19.80
18.9% â–²20 Year
SGD/TWD historic rates & change to 21-Jul-2023
 

What are equivalent amounts of SGD and TWD?

Here are some popular conversion amounts for SGD to TWD (Singapore dollar to New Taiwan dollar)*.

SGD TWD
S$ 1 NT$ 23.71
S$ 5 NT$ 118.55
S$ 10 NT$ 237.10
S$ 20 NT$ 474.20
S$ 50 NT$ 1,186
S$ 100 NT$ 2,371
S$ 250 NT$ 5,928
S$ 500 NT$ 11,855
S$ 1,000 NT$ 23,710
S$ 2,000 NT$ 47,420
S$ 5,000 NT$ 118,550
S$ 10,000 NT$ 237,100
S$ 20,000 NT$ 474,200
S$ 50,000 NT$ 1,185,500
S$ 100,000 NT$ 2,371,000
SGD TWD
S$ 0.0422 NT$ 1
S$ 0.2109 NT$ 5
S$ 0.4218 NT$ 10
S$ 0.8437 NT$ 20
S$ 2.1092 NT$ 50
S$ 4.2184 NT$ 100
S$ 10.55 NT$ 250
S$ 21.09 NT$ 500
S$ 42.18 NT$ 1,000
S$ 84.37 NT$ 2,000
S$ 210.92 NT$ 5,000
S$ 421.84 NT$ 10,000
S$ 843.68 NT$ 20,000
S$ 2,109 NT$ 50,000
S$ 4,218 NT$ 100,000

More amounts

*Converted at the current SGDTWD interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.

 
 

Forecasts for SGD to TWD

 

Based on recent forecasts and market updates, the outlook for the SGD to TWD exchange rate appears to be relatively stable in the near term. The Singapore dollar saw some volatility in January but is expected to find more stability in February, supported by the unchanged monetary policy stance of the Monetary Authority of Singapore (MAS). The SGD held steady against the US dollar in February, trading within a narrow range, despite mixed domestic economic data and influences from US inflation levels. Overall, the SGD-TWD pair has been trading in a stable range, currently sitting 1.3% above its 3-month average at 23.73.

Read our full review of recent SGD to TWD forecasts.

 

How to get a good SGD to TWD exchange rate

There are several ways to save on exchange rates when converting Singapore dollar to New Taiwan dollar:

  1. Shop around for the best SGD/TWD exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
  2. Timing is important: Keep an eye on the SGD/TWD rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
  3. Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
  4. Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both SGD and TWD at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
  5. Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.

The key is reducing excessive costs and fees

Generally speaking, if you are buying New Taiwan dollar with Singapore dollar, then it's better for the SGD/TWD exchange rate to be higher.

However working against you are the fees all foreign exchange providers charge for providing their service. These fees is usually contained within the exchange rate margin (or difference to the mid-rate).

The transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.

Will the Singapore dollar rise against the New Taiwan dollar?

It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

To help with this you can add SGD/TWD to your personalised Rate Tracker to track and benefit from currency movements.

 
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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

Keep track of currency Trends; Up📈 or Down📉 trends over periods from 1 week (1W) to 3 months (3M).

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending


 

Read our Currency guide to Taiwan - a practical currency and money guide to travel, living and doing business in Taiwan with the New Taiwan dollar.

 
 
 

Currency Country Guides

SingaporeSingapore (SGD)TaiwanTaiwan (TWD)
 

Are there limits on foreigners buying property in Taiwan?

There are no special limits on foreigners, except for Chinese, buying property in Taiwan.

Foreigners and foreign companies who purchased property after the beginning of 2016 will have to pay extra taxes on any profit when they sell. This tax will vary depending on the length of ownership.

What you can buy for...

Read more at our Taiwan (TWD) country guide

   
 
 

Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more

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