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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’.
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.
Malaysian ringgit (MYR) to New Taiwan dollar (TWD) market data - latest interbank exchange rate, trend, chart & historic rates.
MYR/TWD Outlook: Slightly positive, but likely to move sideways as the exchange rate is above its recent average and lacks a clear driver.
MYR/USD Outlook: Slightly positive, but likely to move sideways as the MYR is above its recent average but lacks a clear driver.
USD/TWD Outlook: Slightly positive, but likely to move sideways as the rate is near its recent average, reflecting mixed economic signals.
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 1,000 | NT$ 8,043 |
| RM 5,000 | NT$ 40,213 |
| RM 20,000 | NT$ 160,850 |
| RM 100,000 | NT$ 804,250 |
| MYR | TWD |
|---|---|
| RM 124.30 | NT$ 1,000 |
| RM 621.50 | NT$ 5,000 |
| RM 2,486 | NT$ 20,000 |
| RM 12,430 | 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.
The best MYR to TWD exchange rate is 7.9821 from Wise. This is -0.75% compared to the mid-market rate 8.0425.
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.
Looking at the full MYR to TWD - Send Money comparison table the provider with the best MYR to TWD exchange rate is Wise at 7.9821, -0.75% from the latest mid-market rate 8.0425.
Among the banks the CIMB Bank rate is 7.7932 at -3.1% the OCBC Bank rate is 7.761 at -3.5% and the Maybank rate is 7.761 at -3.5% compared to the mid-rate 8.0425.
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.
View a full list of exchange rates by selecting your Base (from) currency:
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