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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’.
Malaysian ringgit (MYR) to New Taiwan dollar (TWD) market data - latest interbank exchange rate, trend, chart & historic rates.
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 |
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$ 6,984 |
| RM 5,000 | NT$ 34,920 |
| RM 20,000 | NT$ 139,680 |
| RM 100,000 | NT$ 698,400 |
| MYR | TWD |
|---|---|
| RM 143.20 | NT$ 1,000 |
| RM 716.00 | NT$ 5,000 |
| RM 2,864 | NT$ 20,000 |
| RM 14,320 | 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.
How much does it really cost to live, work, or travel in ? Here's what to expect for daily expenses and expat living.
For travelers planning a one-week mid-range stay in Taiwan, a budget of approximately TWD 30,000 to TWD 40,000 (around USD 1,000 to USD 1,300) should suffice. This budget allows for a comfortable experience without breaking the bank, covering meals, accommodations, and transportation. Here's a quick overview of typical daily expenses in Taiwan:
In general, Taiwan offers moderate pricing compared to many Western countries. While your experience may vary based on personal preferences and choices, it's generally cheaper than the United States, especially in dining and local transport. In contrast, Taiwan's cost of living aligns closely with the UK, where expenses for equivalent services can be 20-30% higher.
For expats living in Taiwan, typical monthly living costs can range from TWD 40,000 to TWD 60,000 depending on lifestyle choices. This cost usually covers rent, groceries, utility bills, and leisure activities. While it can be reasonable to spend less if you embrace local food and transport, living in more upscale neighborhoods can significantly increase expenses.
When navigating finances, it's crucial to have a local bank account for efficient transactions. Credit and debit cards are widely accepted, but always carry cash for smaller vendors. As for transferring money internationally, services like Wise and OFX typically offer better exchange rates and lower fees than traditional banks, making them a smart choice for sending or receiving funds. However, for day-to-day expenses, it's advisable to exchange money locally to avoid unfavorable rates and fees often charged by exchange bureaus in tourist areas.
View a full list of exchange rates by selecting your Base (from) currency:
