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Best GBP to TWD Exchange Rates Compared Live

The best GBP to TWD exchange rate is 40.36. Compare foreign transfer and currency exchange rates, find better rates & deals.

GBP-TWD Best Exchange Rate Calculator
 

Comparing GBP-TWD exchange rates

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Pound Sterling (GBP) to New Taiwan dollar (TWD) rates from different sources before making a conversion.

The above Sterling to New Taiwan dollar comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged vs the latest GBP-TWD mid-rate (see below) and the possible savings of using another provider.

 
@bestfxrates : 📉 GBP/TWD faces a bearish forecast as BoE's hints at rate cuts rattle confidence. FX analysts eye potential June action, mirroring global central banks. HSBC and RBC see GBP slide vs. USD, signaling tough times ahead. Caution persists with GBP just above 3-month TWD avg. #ForexUpdate #GBPTWD #CurrencyMarkets

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GBP to TWD Market Data

Pound Sterling (GBP) to New Taiwan dollar (TWD) market data - latest interbank exchange rate, trend, chart & historic rates.

 
1 GBP =
40.36We compare provider deals to this wholesale mid-market rate. Read more
TWD
-0.2%
📉2W
GBP to TWD at 40.35 is 1.3% above its 3-month average of 39.84, having traded in a quite stable 4.2% range from 39.05 to 40.68
|
Sell GBP   â†’   Buy TWD
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  1 TWD = 0.024778 GBP
DateGBP/TWDChangePeriod
07 Jul 2023
40.16
0.3% â–²2 Week
22 Apr 2023
38.10
5.7% â–²3 Month
21 Jul 2022
35.86
12.4% â–²1 Year
22 Jul 2018
40.20
0.2% â–²5 Year
23 Jul 2013
45.86
12.1% â–¼10 Year
26 Jul 2003
55.99
28% â–¼20 Year
GBP/TWD historic rates & change to 21-Jul-2023
 

What are equivalent amounts of GBP and TWD?

Here are some popular conversion amounts for GBP to TWD (Pound Sterling to New Taiwan dollar)*.

GBP TWD
£ 1 NT$ 40.36
£ 5 NT$ 201.80
£ 10 NT$ 403.60
£ 20 NT$ 807.20
£ 50 NT$ 2,018
£ 100 NT$ 4,036
£ 250 NT$ 10,090
£ 500 NT$ 20,180
£ 1,000 NT$ 40,360
£ 2,000 NT$ 80,720
£ 5,000 NT$ 201,800
£ 10,000 NT$ 403,600
£ 20,000 NT$ 807,200
£ 50,000 NT$ 2,018,000
£ 100,000 NT$ 4,036,000
GBP TWD
£ 0.0248 NT$ 1
£ 0.1239 NT$ 5
£ 0.2478 NT$ 10
£ 0.4956 NT$ 20
£ 1.2389 NT$ 50
£ 2.4778 NT$ 100
£ 6.1945 NT$ 250
£ 12.39 NT$ 500
£ 24.78 NT$ 1,000
£ 49.56 NT$ 2,000
£ 123.89 NT$ 5,000
£ 247.78 NT$ 10,000
£ 495.56 NT$ 20,000
£ 1,239 NT$ 50,000
£ 2,478 NT$ 100,000

More amounts

*Converted at the current GBPTWD interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.

 
 

Forecasts for GBP to TWD

 

Recent forecasts and currency market updates suggest a bearish outlook for the GBP to TWD exchange rate. The British Pound (GBP) has been under pressure due to comments from Bank of England (BoE) Governor Andrew Bailey hinting at possible interest rate cuts in the future. Analysts anticipate that the GBP could face further selling pressure if investors start pricing in a rate cut as soon as June, aligning the BoE's actions with those of other central banks such as the US Federal Reserve and the European Central Bank.

Read our full review of recent GBP to TWD forecasts.

 

How to get a good GBP to TWD exchange rate

There are several ways to save on exchange rates when converting Pound Sterling to New Taiwan dollar:

  1. Shop around for the best GBP/TWD exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
  2. Timing is important: Keep an eye on the GBP/TWD rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
  3. Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
  4. Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both GBP and TWD at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
  5. Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.

The key is reducing excessive costs and fees

Generally speaking, if you are buying New Taiwan dollar with Pound Sterling, then it's better for the GBP/TWD exchange rate to be higher.

However working against you are the fees all foreign exchange providers charge for providing their service. These fees 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.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.

Will the Pound Sterling rise against the New Taiwan dollar?

It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

To help with this you can add GBP/TWD to your personalised Rate Tracker to track and benefit from currency movements.

 
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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

Keep track of currency Trends; Up📈 or Down📉 trends over periods from 1 week (1W) to 3 months (3M).

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending


 

Read our Currency guide to Taiwan - a practical currency and money guide to travel, living and doing business in Taiwan with the New Taiwan dollar.

 
 
 

Currency Country Guides

United KingdomUnited Kingdom (GBP)TaiwanTaiwan (TWD)
 

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...

Read more at our Taiwan (TWD) country guide

   
 
 

Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more

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