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.
Date
Exchange Rate
Period
08 Jul 2018
0.0247
1 Week
15 Jun 2018
0.0250
1 Month
16 Jan 2018
0.0245
6 Months
15 Jul 2017
0.0251
1 Year
15 Jul 2016
0.0237
2 Years
16 Jul 2013
0.0222
5 Years
17 Jul 2008
0.0165
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 to several 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.
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.
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.
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
By late April 2018, against the US dollar, TWD had weakened slightly from February’s five-year high of 28.95 to levels in the mid-29s. Against the yen, it traded in the centre of its long-term trading range, buying 3.686 yen. Against the euro, TWD remained virtually unchanged since the middle of 2017, at rates near 36.0 per euro.
“We remain positive on the Taiwanese dollar due to sound fundamentals,” said Scotiabank in April.
A twelve-month forecast was offered in April by TradingEconomics.com, who predicted USD/TWD rising (TWD weakening) to 30.24.
British pound sterling (GBP) - Market news and forecasts
Between mid-June and mid-July, the pound bought between 1.305 and 1.335 US dollars, and between 1.125 and 1.145 euros.
Against the dollar, the pound is down significantly from April’s high near 1.44 but against the euro (a far more important measure given that most of the UK’s two-way trade is with the EU), it remains rock solid, and little changed from rates in September of last year.
The pound’s remarkable stability in the face of July's political turmoil (a string of high-profile political resignations, each related to disagreements over Brexit) is indicative of underlying strength and traders should expect a rally in the currency once some form of Brexit deal is fully signed off, said a Guardian economist.
MUFG said in July it expects “a deal to be reached this side of Christmas,” after which the pound will strengthen.
Bearish on the pound is UBS. The bank said it would bet on weakness and offered a contrarian view that UK economic activity was insufficient to trigger a Bank of England rate hike in August.
