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OFX GBP to TWD Exchange Rates Compared Live

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

GBP-TWD Best Exchange Rate Calculator
 

OFX - 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 OFX 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.

 

OFX at a glance

OFX has a 20-year history and is one of the largest foreign exchange specialists in the world. It offers a complete foreign exchange solution, including discounted money transfers, currency hedging tools, recurring transfers, a multi-currency account for online sellers and much more.

OFX grew from the idea that there had to be a better, fairer way to move money around the world. That was over 20 years ago, and since then over 1 million customers have trusted OFX with transfers in 50+ currencies to over 170 countries.

OFX don’t just offer great rates, they believe real help from real people counts. That’s why their clients get the best of both worlds – a seamless digital platform, combined with 24/7 phone access to currency experts.

When it comes to moving money, peace of mind is important. OFX is monitored by over 50 regulators globally and work within a network of carefully selected banking partners. So whether you are sending money to friends and family abroad, or doing business across borders, OFX can get your money where it needs to go. Fast, simple, secure.

Learn more about OFX

Using OFX for money transfers offers the benefit of lower fees and competitive exchange rates compared to traditional banks, making international transactions more cost-effective.

Additionally, OFX provides 24/7 customer support, a range of transfer options including spot and forward contracts, and a user-friendly online platform, enhancing convenience and flexibility for global financial transactions.

What Savings Can I Expect with OFX?

OFX offers exchange rates that beat the banks, and are close or equal to the rates offered by the industry’s lowest-cost services.

When you register via our OFX 0.5% exclusive offer for BER users 🏷 the cost of sending, for example, 5,000 US dollars to Australia equates to 0.5 percent of the transferred amount, or roughly US$25. You’d pay the same 0.5 percent for the same amount to be sent to Europe and around 1 percent if sending to India. This compares with 4–7 percent with the banks.

For other currency routes we looked at (routes involving AUD, INR, GBP, EUR, SGD and USD), the average cost of an international payment with OFX was 0.6 percent of the transferred amount. This is exceptional if compared with banks but can be a little more expensive than what is charged by the industry’s lowest-cost services, although such services do not offer the same benefits and customer service as OFX.

OFX has partnered with BestExchangeRates to offer you or your business better deals, read our full list of active OFX & BestExchangeRates Deals & Promotions 🏷

 
@bestfxrates : 📉 GBP to TWD faces bearish trend due to dovish BoE outlook & potential June rate cut. HSBC & RBC see GBP falling to $US1.20-1.15. UK's political/stagflation risks add to GBP's woes, while TWD could struggle amid tech sector/global tensions. Market view urges hedging for GBP/TWD trades. #Forex #GBPTWD #CurrencyRisk

Multi-Vendor Quote

We can help you get an even better deal when sending a Large International Money Transfer.

Click below for the Request Quotes form and enter your transfer details (BER account required).

Request Quotes

Save time and money - fewer websites to visit and you get a much better exchange rate & service.

 
 

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   →   Buy TWD
My Rates

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  1 TWD = 0.024778 GBP
DateGBP/TWDChangePeriod
07 Jul 2023
40.16
0.3% 2 Week
22 Apr 2023
38.10
5.7% 3 Month
21 Jul 2022
35.86
12.4% 1 Year
22 Jul 2018
40.20
0.2% 5 Year
23 Jul 2013
45.86
12.1% 10 Year
26 Jul 2003
55.99
28% 20 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 Pound (GBP) has been under pressure due to dovish comments from Bank of England (BoE) Governor Andrew Bailey, hinting at potential interest rate cuts in the near future. Analysts anticipate further downside for the GBP as market participants begin pricing in a June rate cut by the BoE. HSBC projects the pound to fall to $US1.20 in the second half of the year, while RBC foresees sterling declining towards $US1.15. The combination of political uncertainty in the UK and the possibility of a stagflationary environment later in the year is expected to weigh on the pound's performance against the Taiwan Dollar (TWD).

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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