What's in this Australian Dollar to New Taiwan Dollar guide?
Quick Conversions from Australian Dollar to New Taiwan Dollar
|A$ 1||NT$ 18.47|
|A$ 5||NT$ 92.35|
|A$ 10||NT$ 184.70|
|A$ 20||NT$ 369.40|
|A$ 50||NT$ 923.50|
|A$ 100||NT$ 1,847|
|A$ 250||NT$ 4,618|
|A$ 500||NT$ 9,235|
|A$ 1,000||NT$ 18,470|
|A$ 2,000||NT$ 36,940|
|A$ 5,000||NT$ 92,350|
|A$ 10,000||NT$ 184,700|
|A$ 50,000||NT$ 923,500|
|A$ 100,000||NT$ 1,847,000|
To calculate your own AUD/TWD amounts use our Convert AUD to TWD quick calculator.
Comparing Foreign Exchange Providers
The total cost you are charged by your foreign exchange provider consists of the margin from the mid-rate offered plus any fixed or percentage fees. These margins and fees vary significantly for International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions.
Country Guides (AUD & TWD)
|Australia (AUD)||Christmas Island (AUD)||Cocos Keeling Islands (AUD)|
|Heard and McDonald Islands (AUD)||Kiribati (AUD)||Nauru (AUD)|
|Norfolk Island (AUD)||Taiwan (TWD)||Tuvalu (AUD)|
AUD and TWD in the Markets
When determining the best time to make a foreign exchange transaction, in this case the AUD vs TWD, you should pay attention to the recent market trends for both currencies.
Australian Dollar (AUD)
The Australian dollar has been savaged in March sliding to US55 cents the lowest since 2003. Growing fears of the coronavirus outbreak has moved the market into safer currencies such as the USD and away from AUD, NZD and CAD. The virus was a double blow to the Aussie after the earlier threat of proxy war between the US and Iran in Iraq had also pared back some of the gains the Aussie had made coming into the New Year. The Australian dollar had started the new decade strongly climbing to multi-month highs helped along by cooling trade tensions between the United States and China and optimism for global economic growth in the year ahead. The Aussie broke back over US70 cents on the final day of 2019 — a level not seen since mid year. During December the Australian dollar reversed direction (again) and climbed steadily back up against the US dollar on the back of the strength of the housing market and a market perception that further interest rate cuts were less likely.
Read more in the article AUD Forecasts.
New Taiwan Dollar (TWD)
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.”
How to get Best AUD to TWD Exchange Rates
All foreign exchange providers charge a fee for providing their service and this fee 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.
What is a good AUD to TWD exchange rate?
This is a difficult question and the answer really depends on many factors. The best way to consider an exchange rate's relative value is to look at the rate's history.
The following table looks at the change in the AUD to TWD exchange rate to the present day for periods going back upto 10 years.
When is the best time to exchange AUD to TWD?
Getting a good market rate is all about timing to help with this you can use BER Smart Alerts to make the most of currency movements.
Rather than requiring you to set a target rate, our rate alerts work differently. We check for daily high/lows and changes (up/down) over a range of periods up to 90 days rather than requiring you to set target rates.
We help you Save Money on Exchange Rates.
View all AUD Exchange Rates