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    Taiwan - New Taiwan dollar - Currency Guide


    Foreign exchange guide to Taiwan and the New Taiwan dollar (TWD)


    USD/TWD Trend (90-day)

    USD to TWD at 27.87 is near its 90-day average, range 27.55-28.14.

    The below interactive chart displays the USD/TWD trend and UP DOWN HIGH LOW alerts

    USD to TWD Currency Trend Chart

    General Currency Info - New Taiwan dollar

    One Taiwan dollar is subdivided into 100 cents. Conveniently, when shopping in Taiwan, cents are rarely needed because virtually all products sold in the country are priced in whole dollars.

    The official name of Taiwan’s currency is the ‘New Taiwan Dollar’, although the prefix ‘New’, which distinguishes the current currency from the original Taiwan dollar used in and prior to 1949, is used only in very formal settings, such as in legal contracts.

    Taiwan’s central bank, the Central Bank of the Republic of China (Taiwan), operate a flexible exchange rate system, which means that the Taiwan dollar’s valuation is, for the most part, determined by market forces. The bank’s policy does state, however, that they will intervene in foreign exchange markets “when the market is disrupted by seasonal or irregular factors.”

    Historically, the US dollar to Taiwan dollar exchange rate has met strong resistance at 35.0. Several times since the late 1990s USD/TWD has reached close to, or slightly breached, the 35.0 level, but each time the rate has reversed strongly.

    Since 1990, the Taiwan dollar’s absolute lowest valuation came in March 2009 when USD/TWD reached 35.24. The currency was strongest in July 1992 when USD/TWD fell to just 24.50.


    TWD Forecasts and Trends

    NAB told Bloomberg TV that it sees a recovery in Asian currencies in the 2nd half of 2020 if the coronavirus comes under control.

    The benchmark Taiwan dollar exchange rate, USD/TWD, has done little over the past 8 months; it continues to range between 30.5 and 31. The Taiwan dollar is worth 6 percent less against the greenback than its 2018 high.

    One major currency that TWD is doing well against is the Australian dollar. TWD struck a 10-year high against the Aussie in January (21.16 per AUD), and remains close to that level in early May.

    Disappointing export data (March data showed exports falling year-on-year for the fifth consecutive month) is perhaps evidence of a global tech slowdown that could put pressure on Taiwan’s currency this year due to its sensitivity to corporate earnings (high earnings create substantial capital inflows into Taiwanese equities).

    Forecast: ING said in late April that it was concerned that any below-forecast sales numbers in the smart phone industry could weigh on TWD. “As such,” ING said, “against the US dollar we've revised our [year-end] TWD forecast from 30.40 to 30.95.”

    US dollar to New Taiwan dollar - Historical Rates

    USD/TWD wasChangePeriod
    05 Oct 2021
    0.4% 2 Weeks
    21 Jul 2021
    0.7% 90 Days
    19 Oct 2020
    3.2% 1 Year
    20 Oct 2016
    11.9% 5 Years
    22 Oct 2011
    8.2% 10 Years
    24 Oct 2001
    19.6% 20 Years
    USD/TWD change over periods to 19-Oct-2021

    $10,000 USD
    NT$278,685 TWD

    Converted at USD/TWD interbank rate, compare Send Money and Currency Exchange exchange rates.

    USD to TWD - Quick Amounts

    Sell USD   →   Buy TWD
    $ 1 NT$ 27.87
    $ 5 NT$ 139.35
    $ 10 NT$ 278.70
    $ 20 NT$ 557.40
    $ 50 NT$ 1,394
    $ 100 NT$ 2,787
    $ 250 NT$ 6,968
    $ 500 NT$ 13,935
    $ 1,000 NT$ 27,870
    $ 2,000 NT$ 55,740
    $ 5,000 NT$ 139,350
    $ 10,000 NT$ 278,700
    $ 20,000 NT$ 557,400
    $ 50,000 NT$ 1,393,500
    $ 100,000 NT$ 2,787,000
    $ 0.0359 NT$ 1
    $ 0.1794 NT$ 5
    $ 0.3588 NT$ 10
    $ 0.7177 NT$ 20
    $ 1.7942 NT$ 50
    $ 3.5883 NT$ 100
    $ 8.9708 NT$ 250
    $ 17.94 NT$ 500
    $ 35.88 NT$ 1,000
    $ 71.77 NT$ 2,000
    $ 179.42 NT$ 5,000
    $ 358.83 NT$ 10,000
    $ 717.66 NT$ 20,000
    $ 1,794 NT$ 50,000
    $ 3,588 NT$ 100,000

    More amounts


    Frequently Asked Questions


    What currency should I use in Taiwan?

    The domestic currency in Taiwan is the New Taiwan dollar.

    What is the New Taiwan dollar currency code and symbol?

    The three letter currency code for the New Taiwan dollar is TWD — symbol is NT$.

    Which countries use the New Taiwan dollar?

    It is the domestic currency in    Taiwan.

    Is the New Taiwan dollar a closed currency?

    No, the New Taiwan dollar is freely available and convertible. See guide: What is a closed currency?


    Travel, Currency and Money saving tips for Taiwan

    Towering sea cliffs, marble-walled gorges and tropical forests are just the start of your journey, which could take you as far as Yushan, Taiwan's 3952m alpine roof.In Taiwan you can criss-cross mountains on colonial-era hiking trails or cycle a lone highway with the blue Pacific on one side and green volcanic arcs on the other. And if you simply want a classic landscape to enjoy, you'll find them around every corner.

    Over the centuries the people have blended their way into a unique and tolerant religious culture that's often as ritual heavy as Catholicism and as wild as Santeria.Taiwanese temples (all 15,000) combine worship hall, festival venue and art house under one roof. Watch a plague boat burn at Donglong Temple, go on a pilgrimage with the Empress of Heaven, study a rooftop three-dimensional mosaic, and learn why a flag and ball have come to represent prayer.

    What currency to use in Taiwan?

    The currency in Taiwan is the New Taiwan Dollar (TWD or NT/NTD). It is the only currency that can be used in Taiwan, all others will not be accepted except in some duty-free shops.

    Something to warned about is that most credits cards are often not accepted and many places in Taiwan. By a rule unless the place you are trying to use you card is an international chain or a very large restaurant or store, cards won't be accepted. Those that do will charge a 10% fee. As in most countries normal street vendors or night markets won't accept cards. So be sure to get some cash at the airport. It is usually possible to exchange major currencies into TWD at banks in Taiwan, many hotels and department stores do as well but usually at a worse rate. So you usually don't need to worry about how to exchange money.

    When leaving Taiwan keep in mind that not all banks elsewhere in the world will exchange TWD, so if you don't want to get stuck with lots of useless TWD bills when you leave be sure to exchange your TWD into other currencies before leaving the airport.

    Getting around in Taiwan.

    Taiwan has two major cities, Taipei and Kaohsiung, and getting around them is easy due to their 'Mass Rapid Transit' (MRT) metro systems. They are reliable, efficient, and comfortable. All signs and ticket machines are in English, as are many signs in the stations which show directions to nearby sights. The are many signs also showing bus transfer routes.You can use the metro systems websites for excellent information and maps. Getting around Taiwan, if you want to budget then bus. The bus network runs 24 hours a day and offer comfortable routes between most cities.

    Taiwan also has a high speed bullet train, one of the fastest in the world, between Taipei and Kaohsiung which travels at 300 km/hour. Other trains go most places, cities and villages, and offer a convenient and comfortable journey. Flights are available but considering how efficient and cheaper the train system is, to some the extra price may seem unnecessary, Unless of course you are going to one of the islands.

    Travel tips for Taiwan.

    Taiwan is a popular destination for foodies with a bustling street food culture. Taiwan is also full of little neighbourhood coffee espresso bars with their own micro-roasters many of which are very good.

    Taiwan Lantern Festival – one of the biggest and best in Asia – is held every year close to Chinese New Year and attracts visitors from around the world. Blending the best of traditional lantern-making with high-tech innovation, the festival takes place in multiple locations. In PingXi, a small town about 30 kilometres from Taipei, thousands of flying lanterns are released into the night sky.

    One of the most popular things to do in Taiwan. Make sure to sample the food, play some games, eat, shop for cheap stuff and oh did I mention eat? Feel free to barter which is common but if you look like a foreigner, expect to pay more.

    This famous lake in Nantou county is the largest body in Taiwan and is one of the most popular tourist destinations due to the shape. The east side of the lake resembles a sun while the west side looks like a moon, hence the name and has spectacular sunrises.


    Travel money for Taiwan

    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.


    Send Money to Taiwan - Best Rates

    To get a good (and fair) exchange rate when sending money to Taiwan you need to find and compare exchange rates for International Money Transfers (IMTs).

    The available FX rates for sending money abroad can be very different to the mid-market (wholesale) rate which you see reported online and in the News.

    You should especially compare your own bank's exchange rates to those available from Money Transfer specialists to see how much you can save - we make that calculation easy in the below table.

    Get a better deal for foreign transfers 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 4 simple steps :

    1. Open an account with a BER reviewed FX 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.

    Use the above Send to New Taiwan dollar calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more New Taiwan dollar deposited into the recipient bank account and less margins and fees kept by the banks!

    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...

    US$500,000: Old apartment, no lift or parking.

    US$1,000,000: New apartment, lift plus parking, roughly 90-110 sqm

    US$5,000,000: High-end residential apartment 300-400sqm

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