Understanding the Table:
The comparison table above helps you see the total cost of your DBS Bank currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
The average SGD rate margin offered by DBS Bank is 3.8%.
This average is based on individual SGD 10K transfer rates in the currency pairs from DBS Bank that we monitor.
The tables below show the best and worst exchange rate margins offered by DBS Bank for Singapore dollar (SGD 10K) transactions. Margins show the percentage difference from the mid-market rate.
Singapore dollar (SGD) to New Taiwan dollar (TWD) market data - latest interbank exchange rate, trend, chart & historic rates.
SGD/TWD Outlook: Slightly positive, but likely to move sideways, as the rate is above its recent average without a strong driver pushing it higher.
SGD/USD Outlook: Likely to increase, supported by strong performance above its recent average and near recent highs.
USD/TWD Outlook: Likely to move sideways, as the rate is just above its recent average and near the mid-range of its 3-month trading pattern.
To help you understand the real-world value of the current exchange rate, the table below shows how much Singapore dollar are worth in New Taiwan dollar across a range of amounts.
This gives a quick view of what you’d get when converting different SGD amounts at today’s rate * :
| SGD | TWD |
|---|---|
| S$ 1,000 | NT$ 24,660 |
| S$ 5,000 | NT$ 123,300 |
| S$ 20,000 | NT$ 493,200 |
| S$ 100,000 | NT$ 2,466,000 |
| SGD | TWD |
|---|---|
| S$ 40.55 | NT$ 1,000 |
| S$ 202.75 | NT$ 5,000 |
| S$ 811.00 | NT$ 20,000 |
| S$ 4,055 | NT$ 100,000 |
More amounts
*Converted at the current SGD-TWD interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The DBS Bank SGD to TWD exchange rate is 24.43. This is -0.93% compared to the latest SGD-TWD mid-market rate 24.66.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Singapore dollar (SGD) to New Taiwan dollar (TWD) rates from different sources before making a conversion.
The above DBS Bank - Singapore dollar to New Taiwan dollar comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by DBS Bank and other foreign exchange providers against the latest SGD-TWD mid-rate and the possible savings of using various providers.
Looking at the full SGD to TWD - Send Money comparison table the provider with the best SGD to TWD exchange rate is Wise at 24.44, -0.89% from the latest mid-market rate 24.66.
The next best is OFX at 23.34, -5.4% from the mid-rate.
Among the banks the CIMB Bank rate is 21.93 at -11.1% the OCBC Bank rate is 23.99 at -2.7% and the Maybank rate is 23.8 at -3.5% compared to the mid-rate 24.66.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like DBS Bank often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.
View a full list of exchange rates by selecting your Base (from) currency:
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