SGD to TWD mid-rate = 22.4763
Right now the SGD/TWD market mid-rate is 22.4763 and represents ideally how many New Taiwan Dollar you can get for one Singapore Dollar.
You can calculate equivalent Singapore Dollar to New Taiwan Dollar currency amounts (at mid-rate) below. Then select the transaction type to compare the best exchange rates available for SGD to TWD transfers or buying TWD travel money.
SGD / TWD Converter
New Taiwan Dollar
|1 SGD||22.48 TWD|
|5 SGD||112.38 TWD|
|10 SGD||224.76 TWD|
|20 SGD||449.53 TWD|
|50 SGD||1,123.82 TWD|
|100 SGD||2,247.63 TWD|
|250 SGD||5,619.08 TWD|
|500 SGD||11,238.15 TWD|
|1,000 SGD||22,476.30 TWD|
|2,000 SGD||44,952.60 TWD|
|5,000 SGD||112,381.50 TWD|
|10,000 SGD||224,763.00 TWD|
|50,000 SGD||1,123,815.00 TWD|
|100,000 SGD||2,247,630.00 TWD|
New Taiwan Dollar
|0.0445 SGD||1 TWD|
|0.2225 SGD||5 TWD|
|0.4449 SGD||10 TWD|
|0.8898 SGD||20 TWD|
|2.2246 SGD||50 TWD|
|4.4491 SGD||100 TWD|
|11.12 SGD||250 TWD|
|22.25 SGD||500 TWD|
|44.49 SGD||1,000 TWD|
|88.98 SGD||2,000 TWD|
|222.46 SGD||5,000 TWD|
|444.91 SGD||10,000 TWD|
|2,224.55 SGD||50,000 TWD|
|4,449.10 SGD||100,000 TWD|
|TWD Country Guides|
Singapore Dollar to New Taiwan Dollar (SGD-TWD) - 10 Year History
The below table shows the historic variation in the SGD/TWD exchange rate over the last 10 years. The percentage change is the difference from the date shown to present. This lets you decide if the current rate is in your favour. You can also view our various charts of SGD versus other currencies : SGD historical charts.
|13 Dec 2018||22.4906||Latest|
|06 Dec 2018||22.5120||1 Week||-0.1%|
|13 Nov 2018||22.3413||1 Month||+0.67%|
|16 Jun 2018||22.3165||6 Months||+0.78%|
|13 Dec 2017||22.2808||1 Year||+0.94%|
|13 Dec 2016||22.3118||2 Years||+0.8%|
|14 Dec 2013||23.6031||5 Years||-4.71%|
|15 Dec 2008||22.5095||10 Years||-0.08%|
Best Rates for SGD/TWD Transfers and Travel Money
The total transaction cost you will be charged is the margin from the mid-rate offered by your foreign exchange provider plus any fixed or percentage fees. These margins and fees will vary significantly for International Money Transfers and Travel Money transactions.
Why can't I just get the SGD/TWD market rate I see on Google or in the Media?
The SGD/TWD mid-rate is the rate you will see Quoted on Google or the News, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between the last rate at which the SGD / TWD was traded (bought or sold) in the international markets.
Getting a good market rate is mainly about timing however 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.
The closer your final exchange rate is to the market SGD/TWD midrate the better deal you are getting.
The three things you need in order to get a good SGD to TWD exchange rate
- Know the latest SGD/TWD market mid-rate. The closer your final exchange rate is to this real market rate the better deal you are getting. You should also judge how the current rate compares to the historic rate over the past 10 years.
- Compare your Bank's transaction costs
licensed FX providers, remember to compare
the exchange rate margins as well as the various types of fees. We make that easy to do with our calculators for Foreign Transfers and Travel Money transactions.
- Review up-to-date Currency News and Forecasts for both the and currencies, if available.
Currency News, Research and Forecasts for Singapore Dollar and New Taiwan Dollar
Whenever you are interested in an exchange rate you are actually interested in two currencies due to the fact that the value of a currency must always be quoted in comparison to a second currency.
So it follows that if you are determining the best time to transact, in this case the SGD vs TWD, you should pay attention to both Singapore Dollar and New Taiwan Dollar news and forecasts.
Singapore Dollar (SGD) - Market news and forecasts
28-November-18: Principal drivers of the Singapore dollar in 2018 have included global trade concerns and the strong US dollar.
In October, SGD weakened to a 16-month low of S$1.387 per USD before recovering somewhat in November into the low S$1.37s – still a 2.5 percent loss for the year.
SGD fared better against the other majors though, especially the Australian dollar, against which it broke parity. At the time of writing, SGD/AUD was trading precisely at 1.00.
At October’s semi-annual meeting of the Monetary Authority of Singapore, the slope of the S$NEER currency band was adjusted slightly upwards, as widely expected, although the width and centre of the band were left unchanged. What many consider to be a more hawkish bias within the MAS is the result of improved outlooks for inflation and the labour market.
In November, ING warned against holding second-tier currencies from small, open, trade-dependent countries like Singapore because of its suspicion that trade tensions between the US and China would resurface heading into year-end.
New Taiwan Dollar (TWD) - Market news and forecasts
Towards the end of October, against the US dollar, the Taiwan dollar was sitting on a year-to-date loss of 4.2 percent, at 31.0 per USD, near to 20-month lows. It was 1.4 percent higher on the year versus the euro, at 35.16 per EUR.
US-China trade tensions have prompted foreign investors to dump Taiwanese stocks, especially those providing supply-chain products, and this capital outflow has weighed on TWD.
The Taiwanese central bank can do little to support the currency with inflation at just 1.7 percent (year to October) and with marginal improvements in inflation mostly the result of volatile energy prices.
In October, ING forecast USD/TWD at 31.0 at year-end. Although this represents no change on rates at the time of writing, for ING it represents a big downward revision in TWD expectations.