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SGD to TWD - Rate Guide

Singapore Dollar to New Taiwan Dollar exchange rates aren't all the same.

The total cost you are charged by your bank or foreign exchange provider consists of a margin from the interbank mid-rate plus fees. These margins and fees vary significantly for International Money Transfers and Travel Money/Card transactions as shown below.

 

1 SGD = 21.67 TWD

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SGD to TWD - Trading Range (90 Day)
90-DAY LOW (5d)
SGD/TWD at 21.64 is trading 2.5% below the 90-day average 22.19 with a range 21.56 to 22.43. There are no current rate alerts.
19-Feb-2020 16:NY 21:LON 08:SYD+1d

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Quick Conversions from Singapore Dollar to New Taiwan Dollar

SGD

TWD

S$ 1
NT$ 21.67
S$ 5
NT$ 108.35
S$ 10
NT$ 216.70
S$ 20
NT$ 433.40
S$ 50
NT$ 1,084
S$ 100
NT$ 2,167
S$ 250
NT$ 5,418
S$ 500
NT$ 10,835
S$ 1,000
NT$ 21,670
S$ 2,000
NT$ 43,340
S$ 5,000
NT$ 108,350
S$ 10,000
NT$ 216,700
S$ 50,000
NT$ 1,083,500
S$ 100,000
NT$ 2,167,000
More amounts

SGD

TWD

S$ 0.0461
NT$ 1
S$ 0.2307
NT$ 5
S$ 0.4615
NT$ 10
S$ 0.9230
NT$ 20
S$ 2.3074
NT$ 50
S$ 4.6148
NT$ 100
S$ 11.54
NT$ 250
S$ 23.07
NT$ 500
S$ 46.15
NT$ 1,000
S$ 92.30
NT$ 2,000
S$ 230.74
NT$ 5,000
S$ 461.48
NT$ 10,000
S$ 2,307
NT$ 50,000
S$ 4,615
NT$ 100,000
More amounts

To calculate specific SGD/TWD amounts use our Convert SGD to TWD quick calculator.


Comparing Foreign Exchange Providers

The total cost you are charged by your foreign exchange provider consists of the margin from the mid-rate offered plus any fixed or percentage fees. These margins and fees vary significantly for International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions.

Country Guides (SGD & TWD)

SingaporeSingapore (SGD)TaiwanTaiwan (TWD)

SGD and TWD in the Markets

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

Singapore Dollar (SGD)

Singapore was added to a US watchlist of suspected currency manipulators in May. Though that means little right now in terms of economic implications, it created some negative sentiment that spurred a rise in USD/SGD to a 6-month high (SGD low) of S$1.384.

Overall, it’s been a mixed 2019 for the Singapore dollar, with small gains (<2 percent) against the euro and Australian dollar, but small losses against the US dollar and pound.

In May, SGD was pressured by data showing core inflation at a 1-year low, by an escalation in US-China trade tensions, and after Singapore’s Ministry of Trade and Industry downgraded 2019 growth forecasts. At 1.2 percent, quarterly growth in the Lion City has slowed to its lowest level in a decade.

All said, the Monetary Authority of Singapore will, at best, keep monetary policy unchanged when it next meets in October (there's a chance it could turn dovish).

Read more in the article SGD Forecasts.

 

New Taiwan Dollar (TWD)

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 SGD 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.

What is a good SGD to TWD exchange rate?

This is a difficult question and the answer really depends on many factors. The best way to consider an exchange rate's relative value is to look at the rate's history.

The following table looks at the change in the SGD to TWD exchange rate to the present day for periods going back upto 10 years.

PeriodChange*SGD/TWDDate
1 Day+0.2%21.596018 Feb 2020
7 Day+0.4%21.552312 Feb 2020
30 Day-2.6%22.212220 Jan 2020
3 Month-3.2%22.356721 Nov 2019
1 Year-5%22.764119 Feb 2019
5 Year-7.1%23.298620 Feb 2015
10 Year-4.8%22.720421 Feb 2010

*For period to 19-Feb 21UTC when SGD/TWD was 21.6354

When is the best time to exchange SGD 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 myBER FX Alerts

We help you Save Money on Exchange Rates.

 

View all SGD Exchange Rates