SGD to TWD mid-rate = 22.7666
Right now the SGD/TWD market mid-rate is 22.7666 and represents ideally how many New Taiwan Dollar you can get for one Singapore Dollar.
This SGD/TWD Converter calculates equivalent Singapore Dollar to New Taiwan Dollar amounts at the market mid-rate:
SGD / TWD mid-rate converter
New Taiwan Dollar
|1 SGD||22.77 TWD|
|5 SGD||113.83 TWD|
|10 SGD||227.67 TWD|
|20 SGD||455.33 TWD|
|50 SGD||1,138.33 TWD|
|100 SGD||2,276.66 TWD|
|250 SGD||5,691.65 TWD|
|500 SGD||11,383.30 TWD|
|1,000 SGD||22,766.60 TWD|
|2,000 SGD||45,533.20 TWD|
|5,000 SGD||113,833.00 TWD|
|10,000 SGD||227,666.00 TWD|
|50,000 SGD||1,138,330.00 TWD|
|100,000 SGD||2,276,660.00 TWD|
New Taiwan Dollar
|0.0439 SGD||1 TWD|
|0.2196 SGD||5 TWD|
|0.4392 SGD||10 TWD|
|0.8785 SGD||20 TWD|
|2.1962 SGD||50 TWD|
|4.3924 SGD||100 TWD|
|10.98 SGD||250 TWD|
|21.96 SGD||500 TWD|
|43.92 SGD||1,000 TWD|
|87.85 SGD||2,000 TWD|
|219.62 SGD||5,000 TWD|
|439.24 SGD||10,000 TWD|
|2,196.20 SGD||50,000 TWD|
|4,392.40 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.
|22 Feb 2019||22.7496||Latest|
|15 Feb 2019||22.7222||1 Week||+0.12%|
|23 Jan 2019||22.7287||1 Month||+0.09%|
|26 Aug 2018||22.4826||6 Months||+1.19%|
|22 Feb 2018||22.2012||1 Year||+2.47%|
|22 Feb 2017||21.7642||2 Years||+4.53%|
|23 Feb 2014||23.9345||5 Years||-4.95%|
|24 Feb 2009||22.7554||10 Years||-0.03%|
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 and forecasts for Singapore Dollar and New Taiwan Dollar
Whenever you are researching a particular exchange rate you are actually interested in two currencies as the value of a currency must always be quoted relative 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
22-February-2019: 2018 was a steady year for the Singapore dollar: on balance it gained value, but it did lose out slightly against the world’s reserve currency, the US dollar.
2019 has begun reasonably well. Entering the final week of February, SGD was a percent higher year-to-date versus USD, but at US$0.74 was in line with its 2018 average rate. SGD was 2 percent higher year-to-date against EUR at a 9-month closing high of €0.653 — 4 percent higher than 2018’s average.
Against AUD, in February, SGD was unchanged year-to-date but was 4.5 percent higher than last year's average, at A$1.038. During a flash crash on January 3rd, SGD/AUD briefly traded at a 10-year high of A$1.088.
With Singapore being a small, trade-dependent country, prime risks to SGD for 2019 include the re-emergence of trade tensions between China and the US, and/or a serious global economic slowdown.
Traders, though, were happy to bet against the above risks and on SGD appreciation at the time of this report: a Reuters survey in February showed “long” SGD positions among bank traders rising to the highest level in 10 months.
New Taiwan Dollar (TWD) - Market news and forecasts
28-December-18: Global trade tensions placed a cap on Taiwan dollar appreciation in 2018. With tensions in play, Taiwan’s central bank had little choice but to leave interest rates unchanged at extremely low levels (1.375 percent) at its December meeting; it feared a reduction in global trade would hurt Taiwan’s export-dependent economy.
Against the US dollar, the Taiwan dollar lost 3.5 percent of its value in 2018, to NT$30.78, but lost only 1 percent in the second half of the year.
Against the euro, it gained 1.6 percent, to NT$35.11, and against the Australian dollar, gained a handsome 7 percent, to NT$21.63.
In December, TradingEconomics.com forecast USD/TWD at 31.06 at 2019 year-end, indicating little change from current levels.