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    OFX USD to TWD Exchange Rates Compared Live

    The live OFX USD-TWD rate is 30.453. This is -4.7% below the mid-rate. Compare OFX currency conversion rates - Reduce FX costs.

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    The USD to TWD exchange rate is in flux, currently around 31.92, near 30-day lows. FX analysts note recent volatility due to strong ADP payroll data countered by a GDP slowdown. Upcoming core PCE inflation data will be crucial; a cooling may further weaken the dollar. 02-Nov

     
     

    What is the OFX Send Money conversion rate for USD to TWD?

    The OFX USD to TWD exchange rate is 30.453. This is -4.7% compared to the mid-market rate 31.94.

    Exchange rates can vary significantly between different currency exchange providers, so it's important to Compare US dollar (USD) to New Taiwan dollar (TWD) rates from different sources before making a conversion.

     

    Compare Rates

     

    The OFX 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 OFX and other foreign exchange providers against the latest USD-TWD mid-rate (see Market Data below ) and the possible savings of using various providers. 

     
     

    OFX at a glance:

    OFX has a 20-year history and is one of the largest foreign exchange specialists in the world. It offers a complete foreign exchange solution, including discounted money transfers, currency hedging tools, recurring transfers, a multi-currency account for online sellers and much more.

    OFX grew from the idea that there had to be a better, fairer way to move money around the world. That was over 20 years ago, and since then over 1 million customers have trusted OFX with transfers in 50+ currencies to over 170 countries.

    OFX don’t just offer great rates, they believe real help from real people counts. That’s why their clients get the best of both worlds – a seamless digital platform, combined with 24/7 phone access to currency experts.

    When it comes to moving money, peace of mind is important. OFX is monitored by over 50 regulators globally and work within a network of carefully selected banking partners. So whether you are sending money to friends and family abroad, or doing business across borders, OFX can get your money where it needs to go. Fast, simple, secure.

    Learn more about OFX

    Using OFX for money transfers offers the benefit of lower fees and competitive exchange rates compared to traditional banks, making international transactions more cost-effective.

    Additionally, OFX provides 24/7 customer support, a range of transfer options including spot and forward contracts, and a user-friendly online platform, enhancing convenience and flexibility for global financial transactions.

    What Savings Can I Expect with OFX?

    OFX offers exchange rates that beat the banks, and are close or equal to the rates offered by the industry’s lowest-cost services.

    When you register via our OFX 0.5% exclusive offer for BER users the cost of sending, for example, 5,000 US dollars to Australia equates to 0.5 percent of the transferred amount, or roughly US$25. You’d pay the same 0.5 percent for the same amount to be sent to Europe and around 1 percent if sending to India. This compares with 4–7 percent with the banks.

    For other currency routes we looked at (routes involving AUD, INR, GBP, EUR, SGD and USD), the average cost of an international payment with OFX was 0.6 percent of the transferred amount. This is exceptional if compared with banks but can be a little more expensive than what is charged by the industry’s lowest-cost services, although such services do not offer the same benefits and customer service as OFX.

     
     

    USD to TWD Market Data

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

     
    1 USD =
    31.94We compare provider deals to this wholesale mid-market rate. Read more
    TWD
    +0.0%
    1M
    USD to TWD is at 30-day lows near 31.92, just 0.5% below its 3-month average of 32.09, having traded in a very stable 3.7% range from 31.59 to 32.77
    |
    Sell USD   →   Buy TWD
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      1 TWD = 0.031311 USD
    DateUSD/TWDChangePeriod
    07 Jul 2023
    31.28
    0.2% 2 Week
    22 Apr 2023
    30.64
    2.3% 3 Month
    21 Jul 2022
    29.90
    4.8% 1 Year
    22 Jul 2018
    30.58
    2.5% 5 Year
    23 Jul 2013
    29.89
    4.9% 10 Year
    26 Jul 2003
    34.62
    9.5% 20 Year
    USD/TWD historic rates & change to 21-Jul-2023
     

    What are equivalent amounts of USD and TWD?

    Here are some popular conversion amounts for USD to TWD (US dollar to New Taiwan dollar)*.

    USD TWD
    $ 1 NT$ 31.94
    $ 5 NT$ 159.70
    $ 10 NT$ 319.40
    $ 20 NT$ 638.80
    $ 50 NT$ 1,597
    $ 100 NT$ 3,194
    $ 250 NT$ 7,985
    $ 500 NT$ 15,970
    $ 1,000 NT$ 31,940
    $ 2,000 NT$ 63,880
    $ 5,000 NT$ 159,700
    $ 10,000 NT$ 319,400
    $ 20,000 NT$ 638,800
    $ 50,000 NT$ 1,597,000
    $ 100,000 NT$ 3,194,000
    USD TWD
    $ 0.0313 NT$ 1
    $ 0.1566 NT$ 5
    $ 0.3131 NT$ 10
    $ 0.6262 NT$ 20
    $ 1.5656 NT$ 50
    $ 3.1311 NT$ 100
    $ 7.8278 NT$ 250
    $ 15.66 NT$ 500
    $ 31.31 NT$ 1,000
    $ 62.62 NT$ 2,000
    $ 156.56 NT$ 5,000
    $ 313.11 NT$ 10,000
    $ 626.22 NT$ 20,000
    $ 1,566 NT$ 50,000
    $ 3,131 NT$ 100,000

    More amounts

    *Converted at the current USDTWD interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.

     
     

    Forecasts for USD to TWD

     

    The USD to TWD exchange rate has been in a state of flux recently, largely driven by a mix of economic data from the United States and broader geopolitical factors affecting the Taiwanese economy. As noted by FX analysts, the US dollar experienced volatility as stronger-than-anticipated ADP payroll figures initially propelled it higher, but this was countered by an unexpected slowdown in the third-quarter GDP, leading to a decline in the dollar's value. Current forecasts suggest that the upcoming release of the core PCE price index will be critical; if inflation cools as anticipated, the dollar may weaken further.

    Read our full review of recent USD to TWD forecasts.

     
    USD to TWD flags

    How to get a good USD to TWD exchange rate

    There are several ways to save on exchange rates when converting US dollar to New Taiwan dollar:

    1. Shop around for the best USD/TWD exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
    2. Timing is important: Keep an eye on the USD/TWD rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
    3. Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
    4. Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both USD and TWD at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
    5. Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.

    The key is reducing excessive costs and fees

    Generally speaking, if you are buying New Taiwan dollar with US dollar, then it's better for the USD/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, living and doing business in Taiwan 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.

    Multi-Vendor Quote

    We can help you get an even better deal when sending a Large International Money Transfer.

    Click below for the Request Quotes form and enter your transfer details (BER account required).

    Request Quotes

    Save time and money - fewer websites to visit and you get a much better exchange rate & service.

    Compare Rates

    Will the US dollar rise against the New Taiwan dollar?

    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 USD/TWD to your personalised Rate Tracker to track and benefit from currency movements.

     
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    Manage My Rates   

     

    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

     
     

    Currency Country Guides

    United StatesUnited States (USD)TaiwanTaiwan (TWD)
     

    Are there limits on foreigners buying property in Taiwan?

    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.

    What you can buy for...

    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

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