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MYR to TWD Transfers Compared

MYR-TWD Rate Calculator

 
   
   
   
   
 
   

Understanding the Table:

The comparison table above helps you see the total cost of your 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’.

 
 

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 = 7.2575 TWD
1d+0.3%
90dhighs
MYR to TWD is at 90-day highs near 7.2737, 3.6% above its 3-month average of 7.0202, having traded in a relatively stable 6.2% range from 6.8510 to 7.2737
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Tracker

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:

DateMYR/TWDChangePeriod
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$ 7.2575
RM 5 NT$ 36.29
RM 10 NT$ 72.58
RM 20 NT$ 145.15
RM 50 NT$ 362.88
RM 100 NT$ 725.75
RM 250 NT$ 1,814
RM 500 NT$ 3,629
RM 1,000 NT$ 7,258
RM 2,000 NT$ 14,515
RM 5,000 NT$ 36,288
RM 10,000 NT$ 72,575
RM 20,000 NT$ 145,150
RM 50,000 NT$ 362,875
RM 100,000 NT$ 725,750
MYR TWD
RM 0.1378 NT$ 1
RM 0.6890 NT$ 5
RM 1.3780 NT$ 10
RM 2.7560 NT$ 20
RM 6.8900 NT$ 50
RM 13.78 NT$ 100
RM 34.45 NT$ 250
RM 68.90 NT$ 500
RM 137.80 NT$ 1,000
RM 275.60 NT$ 2,000
RM 689.00 NT$ 5,000
RM 1,378 NT$ 10,000
RM 2,756 NT$ 20,000
RM 6,890 NT$ 50,000
RM 13,780 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 7.2067 from Wise. This is -0.7% compared to the mid-market rate 7.2575.

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 7.2067, -0.7% from the latest mid-market rate 7.2575.

Then WorldRemit at 7.1486, which is -1.5% from the mid-rate.

Among the banks the CIMB Bank rate is 7.0325 at -3.1% the OCBC Bank rate is 7.0035 at -3.5% and the Maybank rate is 7.0035 at -3.5% compared to the mid-rate 7.2575.

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.

 

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