The Wise SGD to TWD Business rate is 23.09. This is -0.6% below the mid-rate. Compare Wise Business currency conversion rates - Reduce FX costs.
The Wise SGD to TWD business exchange rate is 23.09. This is -0.6% compared to the latest SGD-TWD mid-market rate 23.23.
As Business 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.
Looking at our comparison table the best Business SGD to TWD exchange rate is 23.09 from Wise, -0.6% from the mid-market rate 23.23. The next best rate is 23 from WorldRemit, -0.99% from the mid-rate. Then OFX with 22.1863 is -4.5% from the mid-rate.
Among the banks, the CIMB Bank rate is 21.74 at -6.4%, the OCBC Bank rate is 22.6 at -2.7%, and the Maybank rate is 22.41 at -3.5% compared to the mid-rate 23.23.
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 like Wise or platforms that offer rates closer to the mid-market rate.
The Wise Business Singapore dollar to New Taiwan dollar comparison table above makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Wise and other foreign exchange providers against the latest SGD-TWD mid-rate (see Market Data below ) and the possible savings of using various providers.
Wise (formerly TransferWise) always aim to convert money at the real mid-market exchange rate. There’s just a small, fair service fee, and it’s all shown up-front, this fee normally works out to be less than 1% of the amount being exchanged.
Exchange guaranteed within 2 business days - Pay via Bank Transfer or VISA/Mastercard debit cards.
Setup Direct Debits to Pay Bills abroad from AUD, CAD, EUR, GBP and USD accounts.
With a Wise Account you receive a unique set of account details with which you can get paid like a local. Together with an account number, you’ll receive a SWIFT, BSB, routing and/or sort code and anything else needed to receive funds in those currencies.
Domestic & International - Share these for someone to pay you in the same currency by local bank transfer.
International Only - Share these for someone to pay you any currency Wise supports by SWIFT transfer.
The Wise debit card are free to set up and use. And there's never any monthly fee and minimum balance to worry about.
You get two free ATM withdrawals worldwide up to a max amount every 30 days, then a charge on additional withdrawals.
Auto-convert any currency - Spend in any currency and the Wise smart tech will auto-convert it with the lowest possible fee.
Unlike practically all other Travel cards you can pay foreign currency into this card via your own personal foreign bank accounts.
Savings on Wise money transfers are substantial relative to banks and traditional money changers, although the amounts saved will of course depend on how much is being transferred.
Wise advertises that its transfers are “up to 8 times cheaper” than those performed by banks, but what does that mean in real currency terms? How many dollars, pounds, francs or pesos are we talking about? Let’s take a look.
When compared with other FX specialists, Wise consistently ranks near the very top for savings on international payments, across a range of currencies and amounts.
Although Wise won’t be the absolute cheapest on every currency route, it will at least show you exactly how much you are being charged in currency terms before you make your decision, which is more than can be said for banks or traditional money changers, who hide all sorts of charges within the exchange rates offered.
The Wise card let's you spend anywhere, with low conversion fees. Buy things online in any currency, or pay for things on holiday. If you don’t have the currency you need in your Wise Account, they’ll auto-convert it with the lowest possible fee.
Singapore dollar (SGD) to New Taiwan dollar (TWD) market data - latest interbank exchange rate, trend, chart & historic rates.
| 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 |
Here are some popular conversion amounts for SGD to TWD (Singapore dollar to New Taiwan dollar)*.
| SGD | TWD |
|---|---|
| S$ 1,000 | NT$ 23,230 |
| S$ 5,000 | NT$ 116,150 |
| S$ 20,000 | NT$ 464,600 |
| S$ 100,000 | NT$ 2,323,000 |
| SGD | TWD |
|---|---|
| S$ 43.05 | NT$ 1,000 |
| S$ 215.26 | NT$ 5,000 |
| S$ 861.04 | NT$ 20,000 |
| S$ 4,305 | NT$ 100,000 |
More amounts
*Converted at the current SGDTWD interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The exchange rate forecast for SGD to TWD is becoming increasingly cautious due to the recent announcement of tariffs by U.S. President Donald Trump. These measures, which include a 10% tariff on imports from Singapore, have rekindled concerns over escalating trade tensions and their ramifications for emerging Asian currencies. Analysts have noted that regional currencies, particularly the Thai baht and South Korean won, have seen declines around 2% in response to growing fears that the trade disputes could intensify.
Read our full review of recent SGD to TWD forecasts.
There are several ways to save on exchange rates when converting Singapore dollar to New Taiwan dollar:
Generally speaking, if you are buying New Taiwan dollar with Singapore dollar, then it's better for the SGD/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.
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 SGD/TWD to your personalised Rate Tracker to track and benefit from currency movements.
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
| Singapore (SGD) | Taiwan (TWD) |
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.
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
A comprehensive guide to choosing the best money transfer provider, covering key factors like fees, speed, exchange rates, and customer support, with comparisons of top services such as Wise, OFX, WorldRemit, and XE Money Transfers.
Looking to transfer money internationally? We compare OFX and Wise side by side, covering costs, exchange rates, speed, and features to help you choose the best service for your needs in 2025. Which one is right for you depends largely on how much you’re sending, how often you transfer, and whether you value real-time convenience or personal account management.
If you’re selling online internationally, using an FX specialist can save you thousands. Better exchange rates, lower fees, and protection against currency swings can make a huge difference to your bottom line. Find out why smart online sellers are choosing FX specialists to manage their global payments — and how it could help you scale faster.
Further reading on Wise - Guides, Reviews & News from our research team.
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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