Exchange Rate - Part 2

[koolkool]

Hi. Another update. Just for those to compare if you want to use youtrip in places that accept credit card in Taiwan. I used youtrip to pay a few times in the past few days, exchange rate used by youtrip is 22.55. I find Taiwan is still very much a country still using cash. So still need to draw some cash in places that don't accept cash. I don't see a lot of locals using cashless modes other than easy card as well. Hope this helps.

 

[ahber79]

so most of the ATM outside available to withdraw? all same rate which follow mastercard right?

No. It depends on which fintech card you use.

YouTrip card can be used to withdraw cash from any overseas ATM that displays the Mastercard®, Maestro® and/or Cirrus® logos. Withdrawal fee each time is S$5 or equivalent. Youtrip is using wholesale Mastercard rates.

Other cards may or may not have overseas ATM withdrawal fees. They may use Mastercard or Visa rates, mid-market rates or some other rates. Some cards also have fees for each transaction.

 

[ahber79]

Hi. Another update. Just for those to compare if you want to use youtrip in places that accept credit card in Taiwan. I used youtrip to pay a few times in the past few days, exchange rate used by youtrip is 22.55. I find Taiwan is still very much a country still using cash. So still need to draw some cash in places that don't accept cash. I don't see a lot of locals using cashless modes other than easy card as well. Hope this helps.

Wow. 22.55 is very good rate.

Agree. Card will be mostly used at bigger shops and restaurants. If go night markets or small shops, then need to use cash.

 

[calkel20]

Wow. 22.55 is very good rate.

Agree. Card will be mostly used at bigger shops and restaurants. If go night markets or small shops, then need to use cash.

So big tickets like those bakeries, carrefour etc.
So it still make sense to load some money in for such shopping stuff.
Not sure or dun recall if we can reload our 悠遊卡 by cc boh.

 

[kkboy1]

Yes better change cash, some restaurants say only cash. Night market store also accepts only cash.

If you go zoo, attraction places entrance fees most can use credit card or easy card

 

[Joelleyuan]

Hey guys, just now i went People's Park Complex, many money changer only 21.3x for TWD,
then one corner shop i asked also say 21.30, i said it's very low, and he asked me how much i wanna change.
i said 1k sgd, he told me come back tmr i give you 23.0, today sold out, he ordered, tmr go back he will give me 23.0
i kept asking are they serious, they said yes,
so i said okay i come again tmr.

May i ask, are they kidding me or what?

 

[SBS2716G]

Today's rate at arcade for TWD is about 21.

I only managed to change TWD$21.97... Most of the money changer either is 21.08 to 21.93 or no stock... Not sure why... I only checked 2nd level...

i change at around 22.15 at bedok on around 30/11. Not sure why the rate are so low at arcade.

 

[calkel20]

Hey guys, just now i went People's Park Complex, many money changer only 21.3x for TWD,
then one corner shop i asked also say 21.30, i said it's very low, and he asked me how much i wanna change.
i said 1k sgd, he told me come back tmr i give you 23.0, today sold out, he ordered, tmr go back he will give me 23.0
i kept asking are they serious, they said yes,
so i said okay i come again tmr.

May i ask, are they kidding me or what?

Been a long time anyone gave me 23.
If you are nearby you may try…

 

[Joelleyuan]

Been a long time anyone gave me 23.
If you are nearby you may try…

yes I'm working nearby this week, that's why went there just now.
do you think the guy is kidding me? it's a corner shop.
everyone else only offering 21.3x, same for them at first. how come tmr can give me 23?

 

[Greent]

so did the seller give you the 23 rate ?

 

[darcbleu]

Hey guys, just now i went People's Park Complex, many money changer only 21.3x for TWD,
then one corner shop i asked also say 21.30, i said it's very low, and he asked me how much i wanna change.
i said 1k sgd, he told me come back tmr i give you 23.0, today sold out, he ordered, tmr go back he will give me 23.0
i kept asking are they serious, they said yes,
so i said okay i come again tmr.

May i ask, are they kidding me or what?

23????? are they serious or what??

please update us lol

saw arcade today at 21.3.

i change some at chinatown at 21.37

 

[Joelleyuan]

23????? are they serious or what??

please update us lol

saw arcade today at 21.3.

i change some at chinatown at 21.37

so did the seller give you the 23 rate ?

really sibeh talk cork those money changer in People's Park.
I'm also silly to go back today and ask whether got Taiwan dollar, what rate?
then tell me 21.3, and say no stock.
@#£&@#£.
at least it is along the way home from my workplace so take another bus within 20-30min is no extra charge, just waste 10 min go inside n ask then come out.
ninamah.

 

[Seifer28]

really sibeh talk cork those money changer in People's Park.
I'm also silly to go back today and ask whether got Taiwan dollar, what rate?
then tell me 21.3, and say no stock.
@#£&@#£.
at least it is along the way home from my workplace so take another bus within 20-30min is no extra charge, just waste 10 min go inside n ask then come out.
ninamah.

your 1k SGD is nothing to a money changer to be honest....
Not sure why you even bother to believe them or choose to believe in unrealistic rates

 

[Joelleyuan]

your 1k SGD is nothing to a money changer to be honest....
Not sure why you even bother to believe them or choose to believe in unrealistic rates

i didn't really believe lah, just along the way home, and i also need to check out the rates to decide if i should change...

 

[Greent]

Thank you for your effort.

 

[Skittish]

The money changer at Taoyuan airport was 22.0+ last week, but there is a small fee of NT30. For now, I would advise against changing money in Singapore. Get a fintech card if you still have time.

I took a leap of faith after reading this thread and decided not to change much cash and used Revolut for my trip. My withdrawal and credit card rates were both 22.5+. I used the ATM inside Family Mart (Cathay) for withdrawal. 7-11's (Bank of Taiwan?) had an ATM fee. I was staying in XMD, so ATMs were easy to find within convenience stores.

 

[calkel20]

really sibeh talk cork those money changer in People's Park.
I'm also silly to go back today and ask whether got Taiwan dollar, what rate?
then tell me 21.3, and say no stock.
@#£&@#£.
at least it is along the way home from my workplace so take another bus within 20-30min is no extra charge, just waste 10 min go inside n ask then come out.
ninamah.

Thank you.
They are just trying their luck

 

[calkel20]

The money changer at Taoyuan airport was 22.0+ last week, but there is a small fee of NT30. For now, I would advise against changing money in Singapore. Get a fintech card if you still have time.

I took a leap of faith after reading this thread and decided not to change much cash and used Revolut for my trip. My withdrawal and credit card rates were both 22.5+. I used the ATM inside Family Mart (Cathay) for withdrawal. 7-11's (Bank of Taiwan?) had an ATM fee. I was staying in XMD, so ATMs were easy to find within convenience stores.

Lately cold hard cash really sucks.
Not sure If i want to put more into youtrip so that i can withdraw them.
Or just use it as a flash payment.
Today scoot flight out is pretty packed.
To narita via taipei

 

[YNWA15]

Lately cold hard cash really sucks.
Not sure If i want to put more into youtrip so that i can withdraw them.
Or just use it as a flash payment.
Today scoot flight out is pretty packed.
To narita via taipei

Question on Youtrip card. I was trying to find out how to activate the card for overseas payment but cannot find. Is it by default already activated for overseas payment already?

 

[catachan]

can i check if anyone have managed to withdraw or exchange twd via DBS bank in taiwan? do they have fees included?

The money changer at Taoyuan airport was 22.0+ last week, but there is a small fee of NT30. For now, I would advise against changing money in Singapore. Get a fintech card if you still have time.

I took a leap of faith after reading this thread and decided not to change much cash and used Revolut for my trip. My withdrawal and credit card rates were both 22.5+. I used the ATM inside Family Mart (Cathay) for withdrawal. 7-11's (Bank of Taiwan?) had an ATM fee. I was staying in XMD, so ATMs were easy to find within convenience stores.

for revolut card, do you make multiple small withdrawals? or one big withdrawl? understand the withdrawal fee is free for first 350sgd and 2% charge for >350sgd? thanks!