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SGD to TWD - Transfers Compared

SGD-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 details and click ‘Get Rates’.

 
 

Save Money - Compare Exchange Rate Margins & Fees

 

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.

 
   

SGD to TWD Market Data

Singapore dollar (SGD) to New Taiwan dollar (TWD) market data - latest interbank exchange rate, trend, chart & historic rates.

 
Sell SGD   →   Buy TWD
SGD to TWD at 23.29 is 3.5% below its 3-month average of 24.14, having traded in a fairly volatile 10.0% range from 22.62 to 24.88
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Tracker

  1 TWD = 0.043026 SGD

Is the SGD 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 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:

DateSGD/TWDChangePeriod
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
SGD/TWD historic rates & change to 21-Jul-2023
On 08 Mar, the SGD to TWD exchange rate stands at 24.68, showing a 1.9% increase over the three-month average. FX analysts warn of geopolitical uncertainties and mixed economic data impacting both currencies. Eyes are on the Fed's signals as volatility persists. 10-Mar

 

SGD 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 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 NT$ 23.24
S$ 5 NT$ 116.20
S$ 10 NT$ 232.40
S$ 20 NT$ 464.80
S$ 50 NT$ 1,162
S$ 100 NT$ 2,324
S$ 250 NT$ 5,810
S$ 500 NT$ 11,620
S$ 1,000 NT$ 23,240
S$ 2,000 NT$ 46,480
S$ 5,000 NT$ 116,200
S$ 10,000 NT$ 232,400
S$ 20,000 NT$ 464,800
S$ 50,000 NT$ 1,162,000
S$ 100,000 NT$ 2,324,000
SGD TWD
S$ 0.0430 NT$ 1
S$ 0.2151 NT$ 5
S$ 0.4303 NT$ 10
S$ 0.8605 NT$ 20
S$ 2.1513 NT$ 50
S$ 4.3026 NT$ 100
S$ 10.76 NT$ 250
S$ 21.51 NT$ 500
S$ 43.03 NT$ 1,000
S$ 86.05 NT$ 2,000
S$ 215.13 NT$ 5,000
S$ 430.26 NT$ 10,000
S$ 860.52 NT$ 20,000
S$ 2,151 NT$ 50,000
S$ 4,303 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.

 
 

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

The best SGD to TWD exchange rate is 23.1 from Wise. This is -0.6% compared to the mid-market rate 23.24.

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. 

How do SGD-TWD rates compare between providers?

Looking at the full comparison table the best SGD to TWD exchange rate is 23.1 from Wise, -0.6% from the mid-market rate 23.24. The next best rate is 23.01 from WorldRemit, -0.99% from the mid-rate. Then OFX with 22.1049 is -4.9% from the mid-rate.

Among the banks the CIMB Bank rate is 21.66 at -6.8% the OCBC Bank rate is 22.61 at -2.7% and the Maybank rate is 22.43 at -3.5% compared to the mid-rate 23.24.

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: