New Taiwan Dollar - Travel Money Saving Tips
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.
Also see our full Foreign Exchange Guide to Taiwan for more money saving tools and information on New Taiwan Dollar Transfers and Travel Money.
Exchange rates are volatile and can move considerably on a daily basis. Setting up a watchlist will help you decide the best time to make a foreign exchange transaction. These daily alerts can notify you either when the interbank exchange rate make large UP/DOWN moves or when rates reach a HIGH/LOW for periods up to 90-days.
|FROM / TO||90 DAY TREND||LATEST RATE||ALERTS (UP/DOWN/HI/LO)|
AUD / USD
AUD/USD is trading below the 90 day average 0.6813 with a range from LOW 0.6704 to HIGH 0.7075. There are currently no alerts.
AUD / GBP
ALERTS: 14-DAY DOWN 4% | 90-DAY LOW |
AUD/GBP is trading well below the 90 day average 0.5534 with a range from LOW 0.5268 to HIGH 0.5656. ALERTS: AUD/GBP is DOWN 4% this 14-DAY period and has also dropped to a 90-DAY LOW.
AUD / EUR
ALERT: 30-DAY LOW |
AUD/EUR is trading below the 90 day average 0.6151 with a range from LOW 0.6009 to HIGH 0.6282. ALERT: Today AUD/EUR has dropped to a 30-DAY LOW.
AUD / NZD
AUD/NZD is trading well above the 90 day average 1.0607 with a range from LOW 1.0348 to HIGH 1.082. There are currently no alerts.
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