Understanding the Table:
The comparison table above helps you see the total cost of your HSBC 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’.
The HSBC USD to TWD exchange rate is 27.44. This is -7.3% compared to the latest USD-TWD mid-market rate 29.59.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare US dollar (USD) to New Taiwan dollar (TWD) rates from different sources before making a conversion.
The above HSBC - Dollar to New Taiwan dollar comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by HSBC and other foreign exchange providers against the latest USD-TWD mid-rate and the possible savings of using various providers.
Looking at the full USD to TWD - Send Money comparison table the provider with the best USD to TWD exchange rate is Wise at 29.4, -0.64% from the latest mid-market rate 29.59.
The next best is Western Union at 29.11, -1.6% from the mid-rate.
Then WorldRemit at 28.88, which is -2.4% from the mid-rate.
Among the banks the Chase Bank rate is 26.55 at -10.3% the Wells Fargo Bank rate is 26.37 at -10.9% and the Citibank rate is 27.73 at -6.3% compared to the mid-rate 29.59.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like HSBC 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:
