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        OFX USD to TWD Exchange Rates

        The best USD to TWD exchange rate is 31.51. We compare OFX conversion costs to this mid-market rate and other FX providers, find better deals.

        In this OFX Dollar to New Taiwan dollar (USD/TWD) rate guide:

        OFX Compare exchange rates   USD to TWD

        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.

        The below OFX Rate Comparison Table makes it easy to compare the Total Cost you are being charged on OFX Dollar to New Taiwan dollar currency rates and the possible savings of using various providers.

         

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        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.

        *Minimum transfer amount apply. Please note that the receiving bank or intermediary bank may charge fees on transactions.

         
         
        @bestfxrates : USD/TWD stable at 31.41, defying volatility amid global growth concerns & China's unease. Reuters Poll shows USD's strength to hold till year-end, with tech sector risks looming for TWD. Watch for modest USD pullback as Fed rate hikes ease into 2024. #USDTWD #Forex #CurrencyTrends

        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.

         
         

        USD to TWD Market Data

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

         
        1 USD =
        31.51We compare provider deals to this wholesale mid-market rate. Read more
        TWD
        USD to TWD at 31.47 is 1.7% below its 3-month average of 32.02, having traded in a very stable 3.9% range from 31.26 to 32.48
        |
        Sell USD   →   Buy TWD
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          1 TWD = 0.031740 USD
        90-DAY LOW1d
        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

        Forecasts for USD to TWD

        90-DAY LOW1d

        According to a recent Reuters Poll of Forex Strategists, the US Dollar is anticipated to maintain its strength against most major currencies up until the end of the year, buoyed by the robust American economy and the high yield of US Treasuries. The consistent resilience of the dollar, despite occasional dips, is largely attributed to the dampening effects of global growth concerns and unrest in China on risk appetite. While the current vigor of the USD is expected to continue, a modest retreat is projected for the next year, particularly as the Federal Reserve nears the stage where it may consider reducing interest rates. FX analysts foresee a gentle softening of the dollar as the Fed shifts its monetary policy stance.

        Read our full USD to TWD forecasts analysis

         
        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.

        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.

        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 BER Smart Rate Tracker to track and benefit from currency movements.

         
        Track Rate
         

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        Rather than requiring you to set a target rate, our FX Alerts work differently. Once you add a currency pair for tracking in your watchlist we can select to be notified daily for any UP▲ DOWN▼ HIGH▲ LOW▼ alerts over a range of periods over the recent 90 days.

        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.

         
         
         

        Country Currency 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

           
         
         
         

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        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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