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MYR to TWD - Compare Rates

Malaysian Ringgit to New Taiwan Dollar exchange rates can vary significantly for International Money Transfers and Travel Money/Card transactions as shown below.

 
 

Latest interbank rate (wholesale):

1 MYR = 7.0302 TWD

Sell MYR / Buy TWD 


MYR/TWD - Trend & Alerts

MYR/TWD at 7.0416 is a little above its 90-DAY average, range 6.8678 - 7.0892 .
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1-DAY0.5% 30-DAY-LOW
 
 

Comparing MYR TWD Exchange Rates

You should always check the total cost for any exchange rate you are provided by banks or FX specialists. These exchange rates almost always contain a margin from the 'Wholesale' rate (interbank mid-rate) plus any fixed or percentage fees.

These margins and fees can vary significantly for International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions. Also the exchange rate margin will also vary depending on the currency pair and total amount.

 
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Malaysian Ringgit to New Taiwan Dollar - Quick Conversions

MYR TWD
RM 1 NT$ 7.0302
RM 5 NT$ 35.15
RM 10 NT$ 70.30
RM 20 NT$ 140.60
RM 50 NT$ 351.51
RM 100 NT$ 703.02
RM 250 NT$ 1,758
RM 500 NT$ 3,515
RM 1,000 NT$ 7,030
RM 2,000 NT$ 14,060
RM 5,000 NT$ 35,151
RM 10,000 NT$ 70,302
RM 50,000 NT$ 351,510
RM 100,000 NT$ 703,020
More amounts
MYR TWD
RM 0.1422 NT$ 1
RM 0.7110 NT$ 5
RM 1.4220 NT$ 10
RM 2.8440 NT$ 20
RM 7.1100 NT$ 50
RM 14.22 NT$ 100
RM 35.55 NT$ 250
RM 71.10 NT$ 500
RM 142.20 NT$ 1,000
RM 284.40 NT$ 2,000
RM 711.00 NT$ 5,000
RM 1,422 NT$ 10,000
RM 7,110 NT$ 50,000
RM 14,220 NT$ 100,000
More amounts

To calculate other MYR/TWD FROM or TO amounts at wholesale rate use our home-page quick & easy Calculate MYR to TWD .

Country Guides - New Taiwan Dollar

 
TaiwanTaiwan (TWD)
   

Malaysian Ringgit - New Taiwan Dollar Forecasting

When determining the best time to make a foreign exchange transaction, in this case the MYR vs TWD, you should pay attention to the recent market trends for both currencies.

Malaysian Ringgit (MYR)

The Malaysian ringgit is up around 2.5% against the US dollar for 2020 (in August) and is gaining favour from bank commentators such as HSBC due to the attraction of the carry trade - the ability to earn higher interest when holding MYR versus other major currencies.

Read more in the article MYR Forecasts.

 

New Taiwan Dollar (TWD)

NAB told Bloomberg TV that it sees a recovery in Asian currencies in the 2nd half of 2020 if the coronavirus comes under control.

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.”

 

How to get Best MYR to TWD Exchange Rates

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).

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.

 

Will MYR rise or fall against TWD?

This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the Malaysian Ringgit vs New Taiwan Dollar current value is to look the MYR/TWD historic rate and change over a range of periods.

The following table looks at the change in the MYR to TWD exchange rate over periods from the previous week back to the last 10 years.

MYR/TWD ratePeriod
15 Sep 2020 : 7.07181 Week
23 Aug 2020 : 7.035230 Days
24 Jun 2020 : 6.902790 Days
23 Sep 2019 : 7.41511 Year
24 Sep 2015 : 7.55305 Years
25 Sep 2010 : 10.169710 Years

MYR/TWD 10 year historic rates

 

When is the best time to exchange MYR to TWD?

Getting a good market rate is all about timing to help with this you can use BER Smart Alerts to make the most of currency movements.

Rather than requiring you to set a target rate, our rate alerts work differently. We check for daily high/lows and changes (up/down) over a range of periods up to 90 days rather than requiring you to set target rates.

Setup BER.me FX Alerts