Exchange Rate

[H3r0s0ulr3nd3r]

Hey Gixxerfied,

Can you guide me?

Take for example today's rate.

1. https://www.megabank.com.tw/other/bulletin02_02.asp

From the Mega International Commercial Bank website, the rate currently is 22.7600 right?

2. :: Mustafa Online ::

And for mustafa rate, is it 100 unit divide by the selling rate?
100 / 4.36 = 22.935?

Is that the correct way of calculating?

Thank.

 

[peace104]

Selling Taiwan Currency

Hi guys,

I have extra of NT35600 left over from my Taiwan Trip.

I am willing to sell them off at rate of 23.1, do pm me if you need.

Can pass the currencies to you at your convenience.

Thanks!

 

[Gixxerfied]

Hey Gixxerfied,

Can you guide me?

Take for example today's rate.

1. https://www.megabank.com.tw/other/bulletin02_02.asp

From the Mega International Commercial Bank website, the rate currently is 22.7600 right?

2. :: Mustafa Online ::

And for mustafa rate, is it 100 unit divide by the selling rate?
100 / 4.36 = 22.935?

Is that the correct way of calculating?

Thank.

Yes, that's correct..

 

[forever21]

Hey everyone, I'm about to travel to TW for the first time in 30 May.

However, I heard like 4 out of 5 friend said TW airport exchange rate better than SG lehhs...

Is it true?

Yes taiwan airport's rates are slightly higher.

 

[H3r0s0ulr3nd3r]

Yes taiwan airport's rates are slightly higher.

Icic, but how come I see megabank website is quite low as compared to Mustafa rate lehhs, I heard megabank is the highest over there at Taiwan Airport.

So I'm quite worried lehhs..

 

[swordspirit]

Icic, but how come I see megabank website is quite low as compared to Mustafa rate lehhs, I heard megabank is the highest over there at Taiwan Airport.

So I'm quite worried lehhs..

Guess the problems lies with the exchange rate movement. Banks in taiwan follows the spotrates closely and applys a spread to it. Money changers in Singapore relied on the rates which they get the TWD and adjust accordingly with the spot rates movement and apply a smaller spread. Guess for now, the local money changers managed to get the TWD cheaper when TWD was very low in early May. So now the rates are actually better then TW banks.

 

[_dEvon]

What's the rate for today, anyone can update? Hope it didn't drop too drastically..

 

[H3r0s0ulr3nd3r]

Guess the problems lies with the exchange rate movement. Banks in taiwan follows the spotrates closely and applys a spread to it. Money changers in Singapore relied on the rates which they get the TWD and adjust accordingly with the spot rates movement and apply a smaller spread. Guess for now, the local money changers managed to get the TWD cheaper when TWD was very low in early May. So now the rates are actually better then TW banks.

Icic so it's better to exchange at SG rather than at TW airport megabank for my trip on 30 May to 4 June?

Thank.

 

[Gixxerfied]

Hi guys,

I have extra of NT35600 left over from my Taiwan Trip.

I am willing to sell them off at rate of 23.1, do pm me if you need.

Can pass the currencies to you at your convenience.

Thanks!

The above offers gd rates mah for his leftover..You should PM him and let him know hw much SGD u planning to change if it's lower than the amt he has on hand.

Icic so it's better to exchange at SG rather than at TW airport megabank for my trip on 30 May to 4 June?

Thank.

 

[_dEvon]

The above offers gd rates mah for his leftover..You should PM him and let him know hw much SGD u planning to change if it's lower than the amt he has on hand.

He sold off his twd liao..

 

[X9745]

Rate today: 22.98.. at Arcade, People's corner....

 

[wildkev]

I saw another shop with 23.0 during lunch time.

 

[cutieboy86]

argh rates are dropping..better change soon... waiting for pay to come in on fri

 

[xiaoekin]

recently i oso keep checking the price at jurong point.. the last i see is 22.93. was like wtf.. so low...!!

or issit that school holiday and lots of ppl going taiwan thats y the rate drop??

 

[H3r0s0ulr3nd3r]

recently i oso keep checking the price at jurong point.. the last i see is 22.93. was like wtf.. so low...!!

or issit that school holiday and lots of ppl going taiwan thats y the rate drop??

Yeah lorrs.. I heard ppl last time change 23.2-3 ++ now like low...

And people said TW airport higher, but I see now only 22.63
https://www.megabank.com.tw/other/bulletin02_02.asp

As for SG Arcade is 22.9+

So I don't know where to change also. *headache*

 

[Gixxerfied]

Yeah lorrs.. I heard ppl last time change 23.2-3 ++ now like low...

And people said TW airport higher, but I see now only 22.63
https://www.megabank.com.tw/other/bulletin02_02.asp

As for SG Arcade is 22.9+

So I don't know where to change also. *headache*

You nv hear 22.5, 22.3 kind of rates??

 

[H3r0s0ulr3nd3r]

You nv hear 22.5, 22.3 kind of rates??

Gixxerfied, I don't understand what you mean lehhs.. =X

 

[Gixxerfied]

Gixxerfied, I don't understand what you mean lehhs.. =X

You mention last time..

Ya last time got 22.3, 23.6, 22.7 kind of rates..

Rates are like what swordspirit mention, they do go up and down..SG rates is slightly higher due to the time those foreign exchange laid their hands on them.

When this downward trend continues and those currency which they got at a higher rate is all out then it would be similar to Taoyuan.

 

[H3r0s0ulr3nd3r]

You mention last time..

Ya last time got 22.3, 23.6, 22.7 kind of rates..

Rates are like what swordspirit mention, they do go up and down..SG rates is slightly higher due to the time those foreign exchange laid their hands on them.

When this downward trend continues and those currency which they got at a higher rate is all out then it would be similar to Taoyuan.

Ohhs, I get it.

Thank a lot for helping me such a noob.

Hahhahas

 

[naxchua]

Yesterday Taiwan airport at 22.6

Very low. I never change.