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    MYR to TWD Exchange Rates

    Compare & Save on Malaysian ringgit to New Taiwan dollar FX rates - Check MYR/TWD Trends and Forecasts.

     
    1 MYR =
    6.6162We compare provider deals to this wholesale mid-market rate. Read more
    TWD
    Sell MYR   →   Buy TWD
     
    14-DAYHIGH
    MYR to TWD at 6.6178 is near average of its 90-day range 6.5397-6.7215.
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    Track Rate
      1 TWD = 0.1511 MYR
    MYR/TWD wasChangePeriod
    6.5747
    10 Jan 2022
    0.6% 2 Weeks
    6.7056
    26 Oct 2021
    1.4% 90 Days
    6.9179
    24 Jan 2021
    4.4% 1 Year
    7.0578
    25 Jan 2017
    6.3% 5 Years
    9.8155
    27 Jan 2012
    32.6% 10 Years
    9.2107
    29 Jan 2002
    28.2% 20 Years
    MYR/TWD change over periods to 24-Jan-2022

    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.”


    The Malaysian ringgit has fallen below 24 cents as a firmer US dollar kept Asian currencies subdued while escalating woes at indebted developer China Evergrande switched markets to safe haven mode.

     MYR Outlook

    14-DAYHIGH

    MYR to TWD - Compare & Save

    The below comparison table makes it easy to calculate the Total Cost you are being charged and the possible savings of using different FX providers.

     

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    Exchange rates available for foreign transfers and currency exchange always contain either a rate margin from the Latest MYR to TWD Exchange Rate (shown above) or a transaction fee and often both!

     

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    How to get a good MYR to TWD Exchange Rate

    There are two important ways to save on Foreign Exchange, the first is minimising unnecessary or excessive costs and fees, and the other is to transact when the exchange rate is in your favour.

    Reduce Excessive costs and fees

    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.

    You can also read our practical guide to getting the Best Deals for your Foreign Transfers and Travel Money to Taiwan.

     

    Will the Malaysian ringgit 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 MYR/TWD to your BestExchangeRates My Rates Watchlist to track and benefit from currency movements.

     

    Rate Tracker

     

    Rather than requiring you to set a target rate, our FX Alerts work differently.

    Once you add a currency pair for tracking in your watchlist we can select to be notified daily for any UP DOWN HIGH LOW alerts over a range of periods over the recent 90 days.