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MYR to TWD Travel Money 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’.

 
 
   

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 = 6.8531 TWD
90d-lows
MYR to TWD is at 90-day lows near 6.8498, 3.9% below its 3-month average of 7.1292, having traded in a fairly volatile 9.2% range from 6.8498 to 7.4798
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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$ 6.8531
RM 5 NT$ 34.27
RM 10 NT$ 68.53
RM 20 NT$ 137.06
RM 50 NT$ 342.66
RM 100 NT$ 685.31
RM 250 NT$ 1,713
RM 500 NT$ 3,427
RM 1,000 NT$ 6,853
RM 2,000 NT$ 13,706
RM 5,000 NT$ 34,266
RM 10,000 NT$ 68,531
RM 20,000 NT$ 137,062
RM 50,000 NT$ 342,655
RM 100,000 NT$ 685,310
MYR TWD
RM 0.1459 NT$ 1
RM 0.7295 NT$ 5
RM 1.4590 NT$ 10
RM 2.9180 NT$ 20
RM 7.2950 NT$ 50
RM 14.59 NT$ 100
RM 36.48 NT$ 250
RM 72.95 NT$ 500
RM 145.90 NT$ 1,000
RM 291.80 NT$ 2,000
RM 729.50 NT$ 5,000
RM 1,459 NT$ 10,000
RM 2,918 NT$ 20,000
RM 7,295 NT$ 50,000
RM 14,590 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.

 
   
Taiwan

Everyday Costs in in Taiwan

How much does it really cost to live, work, or travel in ? Here's what to expect for daily expenses and expat living.

Currency Guide for Taiwan (ISO Code: TW)

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:

  • 🍜 Meal at a local restaurant: TWD 200-300
  • ☕ Coffee: TWD 100-150
  • 🚍 Public transport fare: TWD 25-50
  • 📶 Prepaid SIM card: TWD 300-600
  • 🛏️ Budget hotel or Airbnb: TWD 1,200-1,800 per night

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.

Living Costs and Financial Tips for Expats in Taiwan

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.

 

Currency Forecasts related to MYR/TWD

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