The DBS Bank SGD to TWD rate is 24.35. This is -1.2% below the mid-rate. Compare DBS Bank currency conversion rates - Reduce FX costs.
The DBS Bank SGD to TWD exchange rate is 24.35. This is -1.2% compared to the latest SGD-TWD mid-market rate 24.64.
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.
Looking at our comparison table the best SGD to TWD exchange rate is 24.5 from Wise, -0.57% from the mid-market rate 24.64. The next best rate is 24.4 from WorldRemit, -0.97% from the mid-rate. Then OFX with 23.6058 is -4.2% from the mid-rate.
Among the banks, the CIMB Bank rate is 23.14 at -6.1%, the OCBC Bank rate is 23.98 at -2.7%, and the Maybank rate is 23.78 at -3.5% compared to the mid-rate 24.64.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like DBS Bank 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.
The table below shows DBS Bank Singapore dollar (SGD) Send Money exchange rates with the percentage of margin being charged from the current market mid-rate :
| Currency route | Mid market rate | DBS Bank Send Money Rate | Cost% |
|---|---|---|---|
| SGD - AED | 2.7896 | 2.7473 | -1.5% |
| SGD - AUD | 1.1948 | 1.1802 | -1.2% |
| SGD - BDT | 92.28 | 90.94 | -1.5% |
| SGD - BHD | 0.2863 | 0.2798 | -2.3% |
| SGD - CAD | 1.0535 | 1.0406 | -1.2% |
| SGD - CHF | 0.6195 | 0.6125 | -1.1% |
| SGD - CNH | N/A | 5.4915 | - |
| SGD - CNY | 5.5562 | 5.5006 | -1% |
| SGD - DKK | 5.0020 | 4.9237 | -1.6% |
| SGD - EUR | 0.6701 | 0.6637 | -0.96% |
| SGD - GBP | 0.5739 | 0.5686 | -0.92% |
| SGD - HKD | 5.8919 | 5.8241 | -1.2% |
| SGD - HUF | 274.40 | 269.03 | -2% |
| SGD - IDR | 12,773 | 12500.00 | - |
| SGD - INR | 65.13 | 64.40 | -1.1% |
| SGD - JPY | 108.56 | 107.31 | -1.2% |
| SGD - KRW | 1,084.1 | 1070.66 | - |
| SGD - KWD | 0.2330 | 0.2263 | -2.9% |
| SGD - LKR | 226.41 | 221.93 | -2% |
| SGD - MMK | 1,593.4 | 3333.33 | - |
| SGD - MUR | 34.25 | 33.30 | -2.8% |
| SGD - MXN | 15.24 | 14.97 | -1.8% |
| SGD - MYR | 3.3512 | 3.3080 | -1.3% |
| SGD - NOK | 8.0326 | 7.8989 | -1.7% |
| SGD - NZD | 1.2830 | 1.2663 | -1.3% |
| SGD - OMR | 0.2924 | 0.2904 | -0.68% |
| SGD - PHP | 43.04 | 42.58 | -1.1% |
| SGD - PLN | 2.8719 | 2.8058 | -2.3% |
| SGD - QAR | 2.7685 | 2.6969 | -2.6% |
| SGD - SAR | 2.8498 | 2.8129 | -1.3% |
| SGD - SEK | 7.4166 | 7.2886 | -1.7% |
| SGD - THB | 25.47 | 25.03 | -1.7% |
| SGD - TND | 2.2810 | 2.2467 | -1.5% |
| SGD - TWD | 24.64 | 24.35 | -1.2% |
| SGD - USD | 0.7595 | 0.7532 | -0.83% |
| SGD - VND | 19,611 | 18867.92 | - |
| SGD - ZAR | 14.35 | 14.10 | -1.7% |
The DBS Bank 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 DBS Bank and other foreign exchange providers against the latest SGD-TWD mid-rate (see Market Data below ) and the possible savings of using various providers.
DBS Bank is a Singapore-based multinational bank and is particularly popular in Singapore and the wider Southeast Asia region. The bank has a strong presence in countries such as Indonesia, Hong Kong, Taiwan, and China, where it offers a range of banking and financial services to individuals and businesses. DBS Bank has also expanded its presence in India and other parts of South Asia in recent years.
In addition to its core markets in Asia, DBS Bank has a growing presence in other regions, including the Middle East, Europe, and the Americas. The bank has established itself as a leading player in the digital banking space, with a focus on delivering innovative and user-friendly banking services to customers across multiple geographies.
DBS Bank offers international money transfer services that allow customers to send and receive funds from abroad. Customers can initiate a money transfer online or in person at a branch. DBS Bank provides fast and secure international money transfer services with competitive exchange rates and low transfer fees. The bank offers two main types of international money transfer services:
DBS Remit: DBS Remit is an online money transfer service that allows customers to send money from their DBS or POSB account to another bank account overseas. The service is available in 26 currencies and allows for same-day or next-day transfers. DBS Remit also offers preferential exchange rates for selected currencies.
Telegraphic transfers (TT): TT is a traditional method of sending money overseas that involves transferring funds from one bank to another via a secure telegraphic transfer. TT is available in a range of currencies and allows for both incoming and outgoing transfers.
DBS does not publish their exchange rates publicly which is frustrating. Our BER International Money Transfer partners tend to offer guaranteed transparency on all conversions.
Our research shows that on average, DBS profit margin for foreign exchange rates is somewhere between 3 - 7%, depending on the amount you're sending, where you're sending it to and which currency will be received.
When you get a quote for your Global Money Transfer from DBS on their website or in-app, you can also see the DBS exchange rate, but it can be difficult to then calculate how much you are being charged.
While all banks charge this mark-up, the extra amount being charged is much higher than it would be with a global money transfer specialist.
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$ 24,640 |
| S$ 5,000 | NT$ 123,200 |
| S$ 20,000 | NT$ 492,800 |
| S$ 100,000 | NT$ 2,464,000 |
| SGD | TWD |
|---|---|
| S$ 40.58 | NT$ 1,000 |
| S$ 202.90 | NT$ 5,000 |
| S$ 811.58 | NT$ 20,000 |
| S$ 4,058 | 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.
Recent forecasts for the SGD to TWD exchange rate reflect heightened uncertainty in light of the global trade environment impacted by U.S. tariffs. Analysts note that U.S. President Donald Trump's announcement of a 10% tariff on Singapore imports has introduced additional pressure on emerging Asian currencies, diminishing previous optimism. In the wake of these developments, regional currencies, including the Thai baht and South Korean won, have experienced declines of approximately 2%, as market sentiment shifts towards caution amid fears of a broader trade conflict.
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.
Read more at our Taiwan (TWD) country guide
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
^ Scroll back up to ^
^
