Comparing SGD to TWD Exchange Rates
You should always check the total cost for any exchange rate you are provided by banks or FX specialists. These exchange rates almost always contain a margin from the wholesale SGD/TWD rate ( interbank mid-rate) plus any fixed or percentage fees.
These margins and fees can vary significantly for SGD to TWD International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions. Also the total cost will also vary depending on the total amount being exchanged.
Singapore Dollar to New Taiwan Dollar - Quick Conversions
|
SGD |
TWD |
| S$ 1 |
NT$ 21.07 |
| S$ 5 |
NT$ 105.35 |
| S$ 10 |
NT$ 210.70 |
| S$ 20 |
NT$ 421.40 |
| S$ 50 |
NT$ 1,054 |
| S$ 100 |
NT$ 2,107 |
| S$ 250 |
NT$ 5,268 |
| S$ 500 |
NT$ 10,535 |
| S$ 1,000 |
NT$ 21,070 |
| S$ 2,000 |
NT$ 42,140 |
| S$ 5,000 |
NT$ 105,350 |
| S$ 10,000 |
NT$ 210,700 |
| S$ 50,000 |
NT$ 1,053,500 |
| S$ 100,000 |
NT$ 2,107,000 |
| More amounts |
Calculate other SGD/TWD amounts (from or to) at mid-market with our
SGD to TWD Calculator .
Singapore Dollar and New Taiwan Dollar - Market News
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)
Overall, it was a poor to mixed 2020 for the Singapore dollar, with a 9 percent drop against the euro and 8 percent versus the Australian dollar, but small gains (2 percent) against the US dollar and steady to the pound.
Get more details in the article Singapore Dollar Forecasts.
New Taiwan Dollar (TWD)
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.”
Country Guides - New Taiwan Dollar
How to get Good SGD to TWD Exchange Rates
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.
What is a good SGD to TWD exchange rate?
This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the Singapore Dollar vs New Taiwan Dollar current value is to look the SGD/TWD historic rate and change over a range of periods.
The following table looks at the change in the SGD to TWD exchange rate over periods from the previous week back to the last 10 years.
| SGD/TWD | Change | Period |
|---|
| 21.0459 15 Jan 2021 | 0% ▲ | 1 Week |
| 21.1368 23 Dec 2020 | 0.4% ▼ | 30 Days |
| 21.0806 24 Oct 2020 | 0.1% ▼ | 90 Days |
| 22.1926 23 Jan 2020 | 5.1% ▼ | 1 Year |
| 23.4726 24 Jan 2016 | 10.3% ▼ | 5 Years |
| 22.6457 25 Jan 2011 | 7% ▼ | 10 Years |
SGD/TWD 10 year historic rates & change to 22-Jan-2021 : 21.0513
Will the Singapore Dollar 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 SGD/TWD to your BestExchangeRates My Rates Watchlist to track and benefit from currency movements.
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View My Alerts
Rather than requiring you to set a target rate, our FX Alerts work differently.
Once you add a currency pair to your watchlist we then start automatically checking the exchange rate for any HIGH or LOW event or significant UP or DOWN moves over a range of daily periods only as far back as 90 days.