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Best MYR to TWD Exchange Rates Compared Live

The best MYR to TWD exchange rate is 6.7552. Compare foreign transfer and currency exchange rates, find better rates & deals.

MYR-TWD Best Exchange Rate Calculator
 

Comparing MYR-TWD exchange rates

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

The above Ringgit 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 MYR-TWD mid-rate (see below) and the possible savings of using another provider.

 
 

MYR to TWD Market Data

Malaysian ringgit (MYR) to New Taiwan dollar (TWD) market data - latest interbank exchange rate, trend, chart & historic rates.

 
1 MYR =
6.7552We compare provider deals to this wholesale mid-market rate. Read more
TWD
-0.1%
MYR to TWD at 6.7554 is 1.4% above its 3-month average of 6.6605, having traded in a very stable 3.3% range from 6.5535 to 6.7694
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  1 TWD = 0.1480 MYR
DateMYR/TWDChangePeriod
07 Jul 2023
6.6977
2.6% 2 Week
22 Apr 2023
6.9039
0.5% 3 Month
21 Jul 2022
6.7075
2.4% 1 Year
22 Jul 2018
7.5300
8.8% 5 Year
23 Jul 2013
9.3904
26.8% 10 Year
26 Jul 2003
9.1119
24.6% 20 Year
MYR/TWD historic rates & change to 21-Jul-2023
 

What are equivalent amounts of MYR and TWD?

Here are some popular conversion amounts for MYR to TWD (Malaysian ringgit to New Taiwan dollar)*.

MYR TWD
RM 1 NT$ 6.7552
RM 5 NT$ 33.78
RM 10 NT$ 67.55
RM 20 NT$ 135.10
RM 50 NT$ 337.76
RM 100 NT$ 675.52
RM 250 NT$ 1,689
RM 500 NT$ 3,378
RM 1,000 NT$ 6,755
RM 2,000 NT$ 13,510
RM 5,000 NT$ 33,776
RM 10,000 NT$ 67,552
RM 20,000 NT$ 135,104
RM 50,000 NT$ 337,760
RM 100,000 NT$ 675,520
MYR TWD
RM 0.1480 NT$ 1
RM 0.7400 NT$ 5
RM 1.4800 NT$ 10
RM 2.9600 NT$ 20
RM 7.4000 NT$ 50
RM 14.80 NT$ 100
RM 37.00 NT$ 250
RM 74.00 NT$ 500
RM 148.00 NT$ 1,000
RM 296.00 NT$ 2,000
RM 740.00 NT$ 5,000
RM 1,480 NT$ 10,000
RM 2,960 NT$ 20,000
RM 7,400 NT$ 50,000
RM 14,800 NT$ 100,000

More amounts

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

 
 

Forecasts for MYR to TWD

 

Recent forecasts and market updates reflect a mixed outlook for the MYR to TWD exchange rate. FX analysts have varied perspectives on the Malaysian Ringgit's performance against the New Taiwan Dollar. Some analysts anticipate the MYR to continue weakening against a strong USD, with expectations of sustained pressure on the currency due to USD strength. Societe Generale predicts a potential uptrend for the USD/MYR pair, possibly reaching levels around 4.95, while Maybank foresees the MYR remaining under pressure with intermittent bounces.

Read our full review of recent MYR to TWD forecasts.

 

How to get a good MYR to TWD exchange rate

There are several ways to save on exchange rates when converting Malaysian ringgit to New Taiwan dollar:

  1. Shop around for the best MYR/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 MYR/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 MYR 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 Malaysian ringgit, then it's better for the MYR/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 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 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

MalaysiaMalaysia (MYR)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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