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    Best Online-seller MYR to TWD Exchange Rates Compared Live

    The live mid-rate MYR to TWD exchange rate is 7.0337. Compare Online-seller currency conversion rates - Reduce FX costs.

    MYR-TWD Loading Rates ...
     

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

    The best MYR to TWD exchange rate is 6.9845 from Wise. This is -0.7% compared to the mid-market rate 7.0337.

    As Online-seller 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.

    How do MYR-TWD rates compare between providers?

    Looking at our comparison table the best MYR to TWD exchange rate is 6.9845 from Wise, -0.7% from the mid-market rate 7.0337. The next best rate is 6.9492956 from , -1.2% from the mid-rate. Then WorldRemit with 6.9282 is -1.5% from the mid-rate.

    Among the banks, the CIMB Bank rate is 6.8157 at -3.1%, the OCBC Bank rate is 6.7875 at -3.5%, and the Maybank rate is 6.7875 at -3.5% compared to the mid-rate 7.0337.

    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.

     

    Compare Rates

     

    The Online-seller Ringgit to New Taiwan dollar comparison table above 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 (see Market Data below ) and the possible savings of using various providers. 

     
     
     

    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 =
    7.0337We compare provider deals to this wholesale mid-market rate. Read more
    TWD
    ▼-0.6%
    MYR to TWD at 7.0337 is 4.7% below its 3-month average of 7.3779, having traded in a fairly volatile 8.1% range from 6.9394 to 7.5038
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    Tracker

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      1 TWD = 0.1422 MYR
    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
     

    What are equivalent amounts of MYR and TWD?

    Here are some popular conversion amounts for MYR to TWD (Malaysian ringgit to New Taiwan dollar)*.

    MYR TWD
    RM 1 NT$ 7.0337
    RM 5 NT$ 35.17
    RM 10 NT$ 70.34
    RM 20 NT$ 140.67
    RM 50 NT$ 351.69
    RM 100 NT$ 703.37
    RM 250 NT$ 1,758
    RM 500 NT$ 3,517
    RM 1,000 NT$ 7,034
    RM 2,000 NT$ 14,067
    RM 5,000 NT$ 35,169
    RM 10,000 NT$ 70,337
    RM 20,000 NT$ 140,674
    RM 50,000 NT$ 351,685
    RM 100,000 NT$ 703,370
    MYR TWD
    RM 0.1422 NT$ 1
    RM 0.7110 NT$ 5
    RM 1.4220 NT$ 10
    RM 2.8440 NT$ 20
    RM 7.1100 NT$ 50
    RM 14.22 NT$ 100
    RM 35.55 NT$ 250
    RM 71.10 NT$ 500
    RM 142.20 NT$ 1,000
    RM 284.40 NT$ 2,000
    RM 711.00 NT$ 5,000
    RM 1,422 NT$ 10,000
    RM 2,844 NT$ 20,000
    RM 7,110 NT$ 50,000
    RM 14,220 NT$ 100,000

    More amounts

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

     
     

    Forecasts for MYR to TWD

     

    The exchange rate outlook for the Malaysian Ringgit (MYR) against the Taiwanese Dollar (TWD) appears to be increasingly negative, largely influenced by recent developments in U.S. trade policy and broader regional economic conditions. Analysts have noted that the imposition of a 24% tariff on imports from Malaysia by the U.S. has significantly impacted market sentiment. Coupled with similar measures targeting Taiwan, where a 32% reciprocal tariff has been set for Taiwanese goods, both currencies are feeling the pressure of heightened geopolitical tensions and trade war implications.

    Read our full review of recent MYR to TWD forecasts.

     
    MYR to TWD flags

    How to get a good MYR to TWD exchange rate

    There are several ways to save on exchange rates when converting Malaysian ringgit to New Taiwan dollar:

    1. Shop around for the best MYR/TWD exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
    2. Timing is important: Keep an eye on the MYR/TWD rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
    3. Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
    4. Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both MYR and TWD at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
    5. Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.

    The key is reducing excessive costs and fees

    Generally speaking, if you are buying New Taiwan dollar with Malaysian ringgit, then it's better for the MYR/TWD exchange rate to be higher.

    However working against you are the fees all foreign exchange providers charge for providing their service. These fees is usually contained within the exchange rate margin (or difference to the mid-rate).

    The transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

    Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

    Read our Currency guide to Taiwan — a practical currency and money guide to travel in Taiwan plus living and doing business with the New Taiwan dollar.

    It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.

    Multi-Vendor Quote

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    Click below for the Request Quotes form and enter your transfer details (BER account required).

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    Save time and money - fewer websites to visit and you get a much better exchange rate & service.

    Compare Rates

    Will the Malaysian ringgit rise against the New Taiwan dollar?

    It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

    To help with this you can add MYR/TWD to your personalised Rate Tracker to track and benefit from currency movements.

     
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    Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

    Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending

     
     

    Currency Country Guides

    MalaysiaMalaysia (MYR)TaiwanTaiwan (TWD)
     

    Are there limits on foreigners buying property in Taiwan?

    There are no special limits on foreigners, except for Chinese, buying property in Taiwan.

    Foreigners and foreign companies who purchased property after the beginning of 2016 will have to pay extra taxes on any profit when they sell. This tax will vary depending on the length of ownership.

    What you can buy for...

    US$500,000: Old apartment, no lift or parking.

    US$1,000,000: New apartment, lift plus parking, roughly 90-110 sqm

    US$5,000,000: High-end residential apartment 300-400sqm

    Read more at our Taiwan (TWD) country guide

       
     
     
     

    Related exchange rates

    MYR/USD
    0.2325
    MYRUSD 90 day chart
    ▼-0.5%
    USD/TWD
    30.26
    USDTWD 90 day chart
    ▼-0.1%
    TWD/MYR
    0.1422
    TWDMYR 90 day chart
    ▲+0.6%
    MYR/SGD
    0.3018
    MYRSGD 90 day chart
    ▼-0.7%
    MYR/AUD
    0.3627
    MYRAUD 90 day chart
    ▼-0.6%

    Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more

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