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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.
Singapore dollar (SGD) 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 Singapore dollar against the New Taiwan dollar is to review how the SGD/TWD rate has changed over time.
The table below shows the percentage change in the SGD to TWD exchange rate across various timeframes—from the past 2 weeks to the last 20 years:
| Date | SGD/TWD | Change | Period |
|---|---|---|---|
07 Jul 2023 | 23.17 | 1.6% ▲ | 2 Week |
22 Apr 2023 | 22.95 | 2.6% ▲ | 3 Month |
21 Jul 2022 | 21.51 | 9.5% ▲ | 1 Year |
22 Jul 2018 | 22.47 | 4.8% ▲ | 5 Year |
23 Jul 2013 | 23.65 | 0.4% ▼ | 10 Year |
26 Jul 2003 | 19.80 | 18.9% ▲ | 20 Year |
To help you understand the real-world value of the current exchange rate, the table below shows how much Singapore dollar are worth in New Taiwan dollar across a range of amounts.
This gives a quick view of what you’d get when converting different SGD amounts at today’s rate * :
| SGD | TWD |
|---|---|
| S$ 1,000 | NT$ 22,810 |
| S$ 5,000 | NT$ 114,050 |
| S$ 20,000 | NT$ 456,200 |
| S$ 100,000 | NT$ 2,281,000 |
| SGD | TWD |
|---|---|
| S$ 43.84 | NT$ 1,000 |
| S$ 219.22 | NT$ 5,000 |
| S$ 876.88 | NT$ 20,000 |
| S$ 4,384 | NT$ 100,000 |
More amounts
*Converted at the current SGD-TWD interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The best SGD to TWD exchange rate is 22.67 from Wise. This is -0.61% compared to the mid-market rate 22.81.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Singapore dollar (SGD) to New Taiwan dollar (TWD) rates from different sources before making a conversion.
The above Singapore dollar 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 SGD-TWD mid-rate and the possible savings of using various providers.
Looking at the full SGD to TWD - Send Money comparison table the provider with the best SGD to TWD exchange rate is Wise at 22.67, -0.61% from the latest mid-market rate 22.81.
The next best is WorldRemit at 22.58, -1% from the mid-rate.
Then OFX at 21.5677, which is -5.4% from the mid-rate.
Among the banks the CIMB Bank rate is 21.13 at -7.4% the OCBC Bank rate is 22.19 at -2.7% and the Maybank rate is 22.01 at -3.5% compared to the mid-rate 22.81.
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:
