TWD to GBP mid-rate = 0.024737
Right now the TWD/GBP market mid-rate is 0.024737 and represents ideally how many British Pound Sterling you can get for one New Taiwan Dollar.
You can calculate equivalent New Taiwan Dollar to British Pound Sterling currency amounts (at mid-rate) below.
Currency Converter TWD to GBP
New Taiwan Dollar
British Pound Sterling
|1 TWD||0.0247 GBP|
|5 TWD||0.1237 GBP|
|10 TWD||0.2474 GBP|
|20 TWD||0.4947 GBP|
|50 TWD||1.2369 GBP|
|100 TWD||2.4737 GBP|
|250 TWD||6.1843 GBP|
|500 TWD||12.37 GBP|
|1,000 TWD||24.74 GBP|
|2,000 TWD||49.47 GBP|
|5,000 TWD||123.69 GBP|
|10,000 TWD||247.37 GBP|
|50,000 TWD||1,236.85 GBP|
New Taiwan Dollar
British Pound Sterling
|40.43 TWD||1 GBP|
|202.13 TWD||5 GBP|
|404.26 TWD||10 GBP|
|808.52 TWD||20 GBP|
|2,021.30 TWD||50 GBP|
|4,042.59 TWD||100 GBP|
|10,106.48 TWD||250 GBP|
|20,212.95 TWD||500 GBP|
|40,425.90 TWD||1,000 GBP|
|80,851.80 TWD||2,000 GBP|
|202,129.50 TWD||5,000 GBP|
|404,259.00 TWD||10,000 GBP|
|2,021,295.00 TWD||50,000 GBP|
|GBP Country Guides|
|United Kingdom||Guernsey||Isle of Man|
|Jersey||South Georgia And South Sandwich Islands|
New Taiwan Dollar to British Pound Sterling (TWD-GBP) - 10 Year History
The below table shows the historic variation in the TWD/GBP 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.
|09 Sep 2018||0.0251||1 Week|
|17 Aug 2018||0.0255||1 Month|
|20 Mar 2018||0.0245||6 Months|
|16 Sep 2017||0.0245||1 Year|
|16 Sep 2016||0.0243||2 Years|
|17 Sep 2013||0.0212||5 Years|
|18 Sep 2008||0.0171||10 Years|
The three things you need in order to get a good TWD to GBP exchange rate
- Know the latest TWD/GBP 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.
Transaction Costs - Margins and Fees for TWD/GBP Transfers and Currency Exchange
The transaction margin from the mid-rate you will be charged by your bank or foreign exchange provider plus any fixed or percentage fees. These margins and fees will vary significantly for International Money Transfers and Travel Money transactions.
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.
Our real-time comparison calculators make shopping around easy and help you calculate how much you can save.
Currency News, Research and Forecasts for New Taiwan Dollar and British Pound Sterling
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 TWD vs GBP, you should pay attention to both New Taiwan Dollar and British Pound Sterling news and forecasts.
New Taiwan Dollar (TWD) - Market news and forecasts
Midway through August, against the US dollar, the Taiwan dollar was sitting on a year-to-date loss of 3.1 percent, at 30.64 per USD, and it was virtually unchanged on the year versus the euro, at 35.47 per EUR.
In the month prior to this report, the rate of growth in Taiwanese industrial production had fallen sharply and this, according to some analysts, suggested that manufacturers were wary of holding inventory during a period of trade conflict between the US and China.
In late July, ING forecast USD/TWD at 30.6 at year-end. Although the forecast exchange rate represented no change on rates at the time of writing, for ING it represented a big downward revision in TWD expectations. A twelve-month USD/TWD forecast of 31.7 was offered by the team at TradingEconomics.com.
British Pound Sterling (GBP) - Market news and forecasts
The pound slumped throughout the summer as a “no deal” Brexit became increasingly likely. In August, the pound fell versus the dollar to a fourteen-month low of 1.266, and versus the euro, it fell below 1.1 for the first time in a year.
It came as a relief, then, when in early September the EU’s chief negotiator, Michel Barnier, said he was “determined” to strike a deal with the UK and that he hoped to establish “the closest relationship possible.” At the time of this report (September-7), the pound had recovered into the 1.29s and the 1.12s versus the dollar and euro respectively.
On monetary policy, the pound got no support from the Bank of England’s decision in August to raise its benchmark interest rate to 0.75 percent – the highest since 2009. An outgoing member of the BOE’s decision-making board has said that UK interest rates will need to stay low for at least another 20 years.
Looking ahead, the pound is set to recover further versus the euro based on technical analysis. Between early August and early September, GBP/EUR traced out a textbook inverse Head and Shoulders pattern on daily price charts. A weekly close above the pattern’s neckline on September 7th was sufficient confirmation and reasonable targets are between 1.135 and 1.14.
For GBP/USD, in September, Citibank offered a 6-12 month forecast of 1.21.
Why can't I just get the same TWD/GBP market rate I see on Google or in the Media?
The TWD/GBP 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 TWD / GBP was traded (bought or sold) in the international markets.
When you look up the current New Taiwan Dollar to British Pound Sterling exchange rate on the web the figure you find quoted on sites like google or mentioned on TV is commonly referred to as the mid-market rate.
Getting a great TWD to GBP mid-market rate is all about timing, so unless you are able to wait, watch and time the market this is largely beyond your control. This rate will go up and down with varying amounts of volatility depending on the currency pair.
This mid-market rate is really only a reference and is just the starting point for calculating the actual rate you will get for your transaction, luckily we can also use this same rate to determine how good a deal a rate that a provider offers you actually is.
You can use our TWD to GBP currency converter to calculate equivalent amounts in each currency using the latest mid-market exchange rates. Then choose your transaction type for specific New Taiwan Dollar cross rates and reviews of leading foreign exchange providers versus the Banks.