Best MYR to TWD Exchange Rates - Compare & Save

MYR to TWD Market Data

Malaysian ringgit (MYR) to New Taiwan dollar (TWD) market data - latest interbank exchange rate, trend, chart & historic rates.

Sell MYR → Buy TWD

1 MYR = TWD

▲+0.8%

14d-highs

MYR to TWD is at 14-day highs near 7.0863, 3.3% below its 3-month average of 7.3289, having traded in a fairly volatile 8.1% range from 6.9394 to 7.5038

23-MAY 8PM-NY 24-MAY 1AM-LON 8AM-HK 10AM-SYD

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1 TWD = 0.1411 MYR

Date	MYR/TWD	Change	Period
07 Jul 2023	6.6977	2.6% ▲	2 Week
22 Apr 2023	6.9039	0.5% ▼	3 Month
21 Jul 2022	6.7075	2.4% ▲	1 Year
22 Jul 2018	7.5300	8.8% ▼	5 Year
23 Jul 2013	9.3904	26.8% ▼	10 Year
26 Jul 2003	9.1119	24.6% ▼	20 Year

MYR/TWD historic rates & change to 21-Jul-2023

What are equivalent amounts of MYR and TWD?

Here are some popular conversion amounts for MYR to TWD (Malaysian ringgit to New Taiwan dollar)*.

MYR	TWD
RM 1	NT$ 7.0857
RM 5	NT$ 35.43
RM 10	NT$ 70.86
RM 20	NT$ 141.71
RM 50	NT$ 354.29
RM 100	NT$ 708.57
RM 250	NT$ 1,771
RM 500	NT$ 3,543
RM 1,000	NT$ 7,086
RM 2,000	NT$ 14,171
RM 5,000	NT$ 35,429
RM 10,000	NT$ 70,857
RM 20,000	NT$ 141,714
RM 50,000	NT$ 354,285
RM 100,000	NT$ 708,570

MYR	TWD
RM 0.1411	NT$ 1
RM 0.7055	NT$ 5
RM 1.4110	NT$ 10
RM 2.8220	NT$ 20
RM 7.0550	NT$ 50
RM 14.11	NT$ 100
RM 35.28	NT$ 250
RM 70.55	NT$ 500
RM 141.10	NT$ 1,000
RM 282.20	NT$ 2,000
RM 705.50	NT$ 5,000
RM 1,411	NT$ 10,000
RM 2,822	NT$ 20,000
RM 7,055	NT$ 50,000
RM 14,110	NT$ 100,000

More amounts

*Converted at the current MYRTWD interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.

Forecasts for MYR to TWD

24 MayRecent forecasts for the Malaysian Ringgit (MYR) to New Taiwan Dollar (TWD) exchange rate indicate a cautious outlook amid escalating trade tensions and regional currency volatility. The MYR has recently been trading at levels near 7.0863, which marks a 14-day high but remains 3.3% under its three-month average of 7.3289. Analysts observe that the MYR has experienced considerable fluctuations, with movements ranging from a low of 6.9394 to a high of 7.5038, illustrating the heightened uncertainty in currency markets.

Read our full review of recent MYR to TWD forecasts.

How to get a good MYR to TWD exchange rate

There are several ways to save on exchange rates when converting Malaysian ringgit to New Taiwan dollar:

Shop around for the best MYR/TWD exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
Timing is important: Keep an eye on the MYR/TWD rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both MYR and TWD at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.

The key is reducing excessive costs and fees

Generally speaking, if you are buying New Taiwan dollar with Malaysian ringgit, then it's better for the MYR/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 in Taiwan plus living and doing business 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.

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Will the Malaysian ringgit 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 MYR/TWD to your personalised Rate Tracker to track and benefit from currency movements.

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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

Currency Country Guides

Malaysia (MYR)

Taiwan (TWD)

Are there limits on foreigners buying property in Taiwan?

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.