The live mid-rate GBP to TWD exchange rate is 40.18. Compare currency conversion rates - Reduce FX costs.
The best GBP to TWD exchange rate is 39.9 from Wise. This is -0.7% compared to the mid-market rate 40.18.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare British pound (GBP) to New Taiwan dollar (TWD) rates from different sources before making a conversion.
Looking at our comparison table the best GBP to TWD exchange rate is 39.9 from Wise, -0.7% from the mid-market rate 40.18. The next best rate is 39.86 from Currencies Direct, -0.8% from the mid-rate. OFX with 38.6197 is -3.9% from the mid-rate.
The Western Union rate is 39.58 which is -1.5% from the mid-rate.
Among the banks, the Lloyds Bank rate is 37.09 at -7.7%, the Royal Bank of Scotland rate is 37.33 at -7.1%, and the Barclays Bank rate is 38.77 at -3.5% from the mid-rate.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers 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.
The Sterling to New Taiwan dollar comparison table above makes it easy to compare the Total Fees (both variable and fixed) you are being charged by banks and other foreign exchange providers against the latest GBP-TWD mid-rate (see Market Data below ) and the possible savings of using various providers.
British pound (GBP) to New Taiwan dollar (TWD) market data - latest interbank exchange rate, trend, chart & historic rates.
| Date | GBP/TWD | Change | Period |
|---|---|---|---|
07 Jul 2023 | 40.16 | 0.3% ▲ | 2 Week |
22 Apr 2023 | 38.10 | 5.7% ▲ | 3 Month |
21 Jul 2022 | 35.86 | 12.4% ▲ | 1 Year |
22 Jul 2018 | 40.20 | 0.2% ▲ | 5 Year |
23 Jul 2013 | 45.86 | 12.1% ▼ | 10 Year |
26 Jul 2003 | 55.99 | 28% ▼ | 20 Year |
Here are some popular conversion amounts for GBP to TWD (British pound to New Taiwan dollar)*.
| GBP | TWD |
|---|---|
| £ 24.89 | NT$ 1,000 |
| £ 124.43 | NT$ 5,000 |
| £ 497.72 | NT$ 20,000 |
| £ 2,489 | NT$ 100,000 |
More amounts
*Converted at the current GBPTWD interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The GBP to TWD exchange rate has recently experienced fluctuations amid mixed signals from the UK economy. Following disappointing GDP data, which came in at a mere 0.1% against expectations of 0.2% growth, the pound has softened, with analysts noting the impact of such economic indicators on currency strength. The ongoing uncertainty surrounding the UK’s post-Brexit landscape continues to weigh heavily on the GBP, adding to its volatility. FX analysts suggest that if the upcoming retail sales figures show a marked improvement, there could be potential for the pound to regain some ground, providing a slight boost against the Taiwan Dollar (TWD).
Read our full review of recent GBP to TWD forecasts.
There are several ways to save on exchange rates when converting British pound to New Taiwan dollar:
Generally speaking, if you are buying New Taiwan dollar with British pound, then it's better for the GBP/TWD exchange rate to be higher.
However working against you are the fees all foreign exchange providers charge for providing their service. These fees 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.
Read our Currency guide to Taiwan - a practical currency and money guide to travel, living and doing business in Taiwan with the New Taiwan dollar.
It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.
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 GBP/TWD to your personalised Rate Tracker to track and benefit from currency movements.
Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.
Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending
| United Kingdom (GBP) | Taiwan (TWD) |
There are no special limits on foreigners, except for Chinese, buying property in Taiwan.
Foreigners and foreign companies who purchased property after the beginning of 2016 will have to pay extra taxes on any profit when they sell. This tax will vary depending on the length of ownership.
Read more at our Taiwan (TWD) country guide
Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more
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