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AUD/TWD - Convert Compare Save

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.

 

This resource page for the Australian Dollar to New Taiwan Dollar exchange rate, has news, forecasts and AUD to TWD comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. You can also check an exchange rate margin with our Exchange Rate Checker.

AUD/TWD Exchange Rates - How to Compare & Save

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
TorFX logo
202,700 TWD
Best Overall
20.2704.26%
OFX (OzForex) logo
202,900 TWD
200 TWD
20.290^4.17%
XE logo
210,500 TWD
7,800 TWD
21.0500.58%
National Australia Bank (nab) logo
193,573 TWD
9,127 TWD
19.4228.58%
Banks - Average Rate
National Australia Bank (nab) logo
193,573 TWD
9,127 TWD
19.4158.58%
TorFX: Foreign Transfer AUD→TWD
AUD amount:$10,000 AUD
Fee:0
Exchange Rate:20.27 (4.26% from mid-rate)
TWD amount:202,700 TWD
Total Cost:4.26%
Time:12:01 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
OFX (OzForex): Foreign Transfer AUD→TWD
AUD amount:$10,000 AUD
Fee:0^ - No fees for BestExchangeRates users (normally $15 for transfers over $10K)
Exchange Rate:20.29 (4.17% from mid-rate)
TWD amount:202,900 TWD
Total Cost:4.17%
Difference:
200 TWD more than using TorFX
Time:
Rate Fetched: Fri Aug 23 2019 10:02:11 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
XE: Foreign Transfer AUD→TWD
AUD amount:$10,000 AUD
Fee:0
Exchange Rate:21.05 (0.58% from mid-rate)
TWD amount:210,500 TWD
Total Cost:0.58%
Difference:
7,800 TWD more than using TorFX
Time:12:01 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
National Australia Bank (nab): Foreign Transfer AUD→TWD
AUD amount:$10,000 AUD
Fee:22
Exchange Rate:19.4 (8.37% from mid-rate)
TWD amount:193,573 TWD
Total Cost:8.58%
Difference:
9,127 TWD less than using TorFX
Time:
Rate Fetched: website - 12:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2.1/5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer AUD→TWD
AUD amount:$10,000 AUD
Fee:15
Exchange Rate:20.12 (4.97% from mid-rate)
TWD amount:193,573 TWD
Total Cost:8.58%
Difference:
9,127 TWD less than using TorFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
Snapshot 08/23/2019 - 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
20,430 TWD
Best Overall
20.43$0 BPay, Card 0.72%-1%3.51%
National Australia Bank (nab) logo
19,840 TWD
590 TWD
20.04106.3%
Banks - Average Rate
Commonwealth Bank (CBA) logo St George Bank logo National Australia Bank (nab) logo
19,543 TWD
887 TWD
19.77107.7%
Commonwealth Bank (CBA) logo
19,454 TWD
976 TWD
19.65A$108.12%
St George Bank logo
19,336 TWD
1,094 TWD
19.63A$158.68%
Travelex Online AU logo
19,149 TWD
1,281 TWD
19.149$0 BPay, Card 0.72%-1%9.56%
Australia Post: Travel Money AUD→TWD
AUD amount:$1,000 AUD
Fee:$0 BPAY, 0.77% MasterCard debit, 0.94% MasterCard credit, 0.72% Visa debit and 1% Visa credit
Exchange Rate:20.43 (3.51% from mid-rate)
TWD amount:20,430 TWD
Total Cost:3.51%
Time:12:01 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): Travel Money AUD→TWD
AUD amount:$1,000 AUD
Fee:10
Exchange Rate:20.04 (5.35% from mid-rate)
TWD amount:19,840 TWD
Total Cost:6.3%
Time:
Rate Fetched: website - 12:01 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 2.1/5.0
Reviews:
 

Banks - Average Rate

Travel Money AUD→TWD
AUD amount:$1,000 AUD
Fee:10
Exchange Rate:20.13 (4.93% from mid-rate)
TWD amount:19,543 TWD
Total Cost:7.7%
Currency Services:Branch
Delivery/Collect:-
Commonwealth Bank (CBA): Travel Money AUD→TWD
AUD amount:$1,000 AUD
Fee:A$10 AUD (1%)
Exchange Rate:19.65 (7.19% from mid-rate)
TWD amount:19,454 TWD
Total Cost:8.12%
Time:
Rate Fetched: website - Fri Aug 23 2019 10:02:02 GMT+0000 (UTC)
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1.2/5.0
Reviews:
St George Bank: Travel Money AUD→TWD
AUD amount:$1,000 AUD
Fee:A$15 AUD (Minimum fee)
Exchange Rate:19.63 (7.29% from mid-rate)
TWD amount:19,336 TWD
Total Cost:8.68%
Time:
Rate Fetched: website - 12:01 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
Travelex Online AU: Travel Money AUD→TWD
AUD amount:$1,000 AUD
Fee:$0 BPAY, 0.77% MasterCard debit, 0.94% MasterCard credit, 0.72% Visa debit and 1% Visa credit
Exchange Rate:19.149 (9.56% from mid-rate)
TWD amount:19,149 TWD
Total Cost:9.56%
Time:
Rate Fetched: Fri Aug 23 2019 10:00:04 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
Snapshot 08/23/2019 - See full table

AUD to TWD interbank exchange rate = 21.2219

 
 

Exchange Rate Checker

If you have been offered/charged an exchange rate then enter it below to check the true cost to the latest interbank mid-rate.

 
   

Compare savings on AUD/TWD exchange rates

Foreign Transfers Travel Money

Foreign Transfers Travel Money

   

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 early August the Australian dollar sunk to a 10 year low of 67¢ (Aug-7) to the US dollar. This was due to the offshore yuan breaking the symbolic and closely watched USD/CNY = 7.0 exchange rate, after the trade war flared up again and the US labelled China a "currency manipulator".

Investors have sold AUD in recent months as they’ve bet on aggressive interest-rate cuts by the Reserve Bank of Australia. These bets paid off: the RBA cut its cash rate in both June and July to a record low of 1 percent.

Lower borrowing costs are necessary, investors believe, in light of persistently soft domestic data and the fallout from a US-China trade standoff that shows no sign of nearing an end.

AUD will continue to track changes in interest-rate expectations. Economists expect at least one further cut this year and many expect two by early 2020. After July's cut, the RBA hinted it would leave rates unchanged for several months.

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.

 

View all AUD Exchange Rates