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AUD to TWD - Rate Guide

Australian Dollar to New Taiwan Dollar exchange rates aren't all the same.

The total cost you are charged by your bank or foreign exchange provider consists of a margin from the interbank mid-rate plus fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

AUD/TWD update & alerts

1 AUD = 20.82 TWD

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AUD to TWD - Trading Range (90 Day)
14-DAY HIGH (2d)
90-DAY TREND: At 20.82 AUD/TWD is trading 0.6% below the average 20.94 with a range 20.62 to 21.42. There are no current alerts.
Update: 06-Dec 16:01-EST 21:01-GMT 08:01-AEDT(+1D)

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AUD/TWD Exchange Rates and Providers Compared

This guide to the Australian Dollar to New Taiwan Dollar exchange rate with 90-day chart & alerts, historic rates, forecasts and AUD to TWD comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. If you want to calculate equivalent amounts in foreign currencies or rate margins then use our AUD/TWD Quick Calculator.

Exchange rates can vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for AUD/TWD International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
Foreign Transfer ProvidersReceive TWD(NT$)Exchange RateFee AUDTotal CostDeal Links
OFX (OzForex) logo
NT$199,000
Best Overall
19.90^4.14%
TorFX logo
NT$198,800
NT$200 less
19.8804.24%
XE logo
NT$206,400
NT$7,400 more
20.6400.58%
National Australia Bank (nab) logo
NT$189,881
NT$9,119 less
19.03228.54%
Banks - Average Rate
National Australia Bank (nab) logo
NT$189,881
NT$9,119 less
19.03158.54%
 

OFX (OzForex) logo

OFX (OzForex): Foreign Transfer AUD→TWD
From Amount (AUD)A$10,000
Fee:0^ - No fees for BestExchangeRates users (normally $15 for transfers over $10K)
Exchange Rate:19.9 (4.14% from mid-rate)
To Amount (TWD) NT$199,000
Total Cost:4.14%
Time:
Rate Fetched: Mon Dec 02 2019 23:02:08 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

TorFX logo

TorFX: Foreign Transfer AUD→TWD
From Amount (AUD)A$10,000
Fee:0
Exchange Rate:19.88 (4.24% from mid-rate)
To Amount (TWD) NT$198,800
Total Cost:4.24%
Difference:
NT$200 TWD less than using OFX (OzForex)
Time:0:01 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
 

XE logo

XE: Foreign Transfer AUD→TWD
From Amount (AUD)A$10,000
Fee:0
Exchange Rate:20.64 (0.58% from mid-rate)
To Amount (TWD) NT$206,400
Total Cost:0.58%
Difference:
NT$7,400 TWD more than using OFX (OzForex)
Time:0:01 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
 

National Australia Bank (nab) logo

National Australia Bank (nab): Foreign Transfer AUD→TWD
From Amount (AUD)A$10,000
Fee:22
Exchange Rate:19.03 (8.33% from mid-rate)
To Amount (TWD) NT$189,881
Total Cost:8.54%
Difference:
NT$9,119 TWD less than using OFX (OzForex)
Time:
Rate Fetched: website - 0:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2.1/5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer AUD→TWD
From Amount (AUD)A$10,000
Fee:15
Exchange Rate:19.73 (4.96% from mid-rate)
To Amount (TWD) NT$189,881
Total Cost:8.54%
Difference:
NT$9,119 TWD less than using OFX (OzForex)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
Snapshot 12/03/2019 - See full table

Example of the margins and possible savings when you order travel money online with a currency specialist rather than in-person from banks and currency kiosks.

Travel Money ProvidersAmount TWD(NT$)Exchange RateFee AUDTotal CostDeal Links
Australia Post logo
NT$20,030
Best Overall
20.03$0 BPay, Card 0.72%-1%3.52%
National Australia Bank (nab) logo
NT$19,454
NT$576 less
19.65106.29%
Banks - Average Rate
Commonwealth Bank (CBA) logo St George Bank logo National Australia Bank (nab) logo
NT$19,157
NT$873 less
19.38107.72%
Commonwealth Bank (CBA) logo
NT$19,067
NT$963 less
19.26A$108.16%
St George Bank logo
NT$18,951
NT$1,079 less
19.24A$158.71%
Travelex Online AU logo
NT$18,077
NT$1,953 less
18.0765$0 BPay, Card 0.72%-1%12.92%
 

Australia Post logo

Australia Post: Travel Money AUD→TWD
From Amount (AUD)A$1,000
Fee:$0 BPAY, 0.77% MasterCard debit, 0.94% MasterCard credit, 0.72% Visa debit and 1% Visa credit
Exchange Rate:20.03 (3.52% from mid-rate)
To Amount (TWD) NT$20,030
Total Cost:3.52%
Time:0:01 Local
Currency Services:Online order, Branch pickup, $10 fee for orders under $1000
Delivery/Collect:2-3 days
Rating:
 
: 4/5.0
Reviews:
 

National Australia Bank (nab) logo

National Australia Bank (nab): Travel Money AUD→TWD
From Amount (AUD)A$1,000
Fee:10
Exchange Rate:19.65 (5.35% from mid-rate)
To Amount (TWD) NT$19,454
Total Cost:6.29%
Time:
Rate Fetched: website - 0:01 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 2.1/5.0
Reviews:
 

Banks - Average Rate

Travel Money AUD→TWD
From Amount (AUD)A$1,000
Fee:10
Exchange Rate:19.73 (4.96% from mid-rate)
To Amount (TWD) NT$19,157
Total Cost:7.72%
Currency Services:Branch
Delivery/Collect:-
 

Commonwealth Bank (CBA) logo

Commonwealth Bank (CBA): Travel Money AUD→TWD
From Amount (AUD)A$1,000
Fee:A$10 AUD (1%)
Exchange Rate:19.26 (7.23% from mid-rate)
To Amount (TWD) NT$19,067
Total Cost:8.16%
Time:
Rate Fetched: website - Mon Dec 02 2019 23:02:02 GMT+0000 (UTC)
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1.2/5.0
Reviews:
 

St George Bank logo

St George Bank: Travel Money AUD→TWD
From Amount (AUD)A$1,000
Fee:A$15 AUD (Minimum fee)
Exchange Rate:19.24 (7.32% from mid-rate)
To Amount (TWD) NT$18,951
Total Cost:8.71%
Time:
Rate Fetched: website - 0:01 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 

Travelex Online AU logo

Travelex Online AU: Travel Money AUD→TWD
From Amount (AUD)A$1,000
Fee:$0 BPAY, 0.77% MasterCard debit, 0.94% MasterCard credit, 0.72% Visa debit and 1% Visa credit
Exchange Rate:18.0765 (12.93% from mid-rate)
To Amount (TWD) NT$18,077
Total Cost:12.92%
Time:
Rate Fetched: Tue Dec 03 2019 00:00:06 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
Snapshot 12/03/2019 - See full table

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)

In November it was all downhill traffic for the Australian dollar dropping back from highs close to 70c at the beginning of the month to around 67c against the USD by month end. At the end of October the AUD had surged to a three month high against the US dollar following the third rate cut in a year by the US Federal Reserve. The gains were mainly due to the fall in the US dollar after the market sensed that US rates are more likely to rise now than fall further.

The RBA also added to the positive sentiment with an optimistic assessment of easing risks from the US-China trade war and Brexit. Accordingly markets are pulling back from bets that the cash rate will drop to 0.5 per cent and the possible start of quantitative easing.

Interestingly, AUD has decoupled from commodity prices in 2019. The price of iron ore (Australia’s largest export) nears multi-year highs while AUD languishes.

Further RBA interest rate cuts this year are now a certainty, and that doesn’t bode well for currency valuations. Westpac has predicted three cuts this year.

Read more in the article AUD Forecasts.

 

New Taiwan Dollar (TWD)

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.”

Why can't I just get the AUD/TWD market rate I see online or in the media?

The mid-rate is the rate you will see quoted online or the news. It is actually just the half-way point (hence mid-rate) between the last rate at which the AUD / TWD was traded (bought or sold) in the international markets.

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). Some providers such as Transferwise will quote you the mid-rate (or close to) and charge a separate percentage fee.

Getting a good market rate is mainly about timing however 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.

We help you Compare & Save Money on Exchange Rates.

 

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