Compare Best MYR to TWD transfer rates

Compare Exchange Rates & Fees - Save Time & Money

Sending money to Taiwan can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.

Using your Bank to make international wire transfers to India can be especially expensive – often 5% to 10% worse than using a foreign exchange specialist to send to Taiwan bank accounts or pay a New Taiwan dollar invoice.

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 = 7.2269 TWD

1d+0.3%▲

MYR to TWD is at 7-day highs near 7.2159, 2.1% above its 3-month average of 7.0636, having traded in a relatively stable 6.2% range from 6.8510 to 7.2731

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

Tracker

1 TWD = 0.1384 MYR

Is the MYR to TWD Exchange Rate Likely to Improve?

Predicting exchange rate movements is always challenging, as they’re influenced by a wide range of economic and geopolitical factors. One useful way to assess the current value of the Malaysian ringgit against the New Taiwan dollar is to review how the MYR/TWD rate has changed over time.

The table below shows the percentage change in the MYR to TWD exchange rate across various timeframes—from the past 2 weeks to the last 20 years:

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

MYR to TWD Conversion: What Is Your Money Worth?

To help you understand the real-world value of the current exchange rate, the table below shows how much Malaysian ringgit are worth in New Taiwan dollar across a range of amounts.

This gives a quick view of what you’d get when converting different MYR amounts at today’s rate * :

MYR	TWD
RM 1	NT$ 7.2269
RM 5	NT$ 36.13
RM 10	NT$ 72.27
RM 20	NT$ 144.54
RM 50	NT$ 361.35
RM 100	NT$ 722.69
RM 250	NT$ 1,807
RM 500	NT$ 3,613
RM 1,000	NT$ 7,227
RM 2,000	NT$ 14,454
RM 5,000	NT$ 36,135
RM 10,000	NT$ 72,269
RM 20,000	NT$ 144,538
RM 50,000	NT$ 361,345
RM 100,000	NT$ 722,690

MYR	TWD
RM 0.1384	NT$ 1
RM 0.6920	NT$ 5
RM 1.3840	NT$ 10
RM 2.7680	NT$ 20
RM 6.9200	NT$ 50
RM 13.84	NT$ 100
RM 34.60	NT$ 250
RM 69.20	NT$ 500
RM 138.40	NT$ 1,000
RM 276.80	NT$ 2,000
RM 692.00	NT$ 5,000
RM 1,384	NT$ 10,000
RM 2,768	NT$ 20,000
RM 6,920	NT$ 50,000
RM 13,840	NT$ 100,000

More amounts

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

What is the best Send Money conversion rate for MYR to TWD?

The best MYR to TWD exchange rate is 7.1763 from Wise. This is -0.7% compared to the mid-market rate 7.2269.

As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Malaysian ringgit (MYR) to New Taiwan dollar (TWD) rates from different sources before making a conversion.

The above Ringgit to New Taiwan dollar comparison table 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 MYR-TWD mid-rate and the possible savings of using various providers.

How do MYR-TWD rates compare between providers?

Looking at the full MYR to TWD - Send Money comparison table the provider with the best MYR to TWD exchange rate is Wise at 7.1763, -0.7% from the latest mid-market rate 7.2269.

Then WorldRemit at 7.1185, which is -1.5% from the mid-rate.

Among the banks the CIMB Bank rate is 7.0029 at -3.1% the OCBC Bank rate is 6.974 at -3.5% and the Maybank rate is 6.974 at -3.5% compared to the mid-rate 7.2269.

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.

Currency Forecasts related to MYR/TWD