Exchange Rate

[lagenda]

Av day... So dun worry too much.

Thanks Calkel

 

[dude123]

Branch and ATM Locator | DBS Bank

wah kaohsiung branch very far from my hotel..sian..
tink i change at airport megabank sua..definitely higher than sg arcade rite ?

 

[kevin301]

oh! any idea where is it? I will be staying at kaoshiung station

Wah poor thing... Couldn't get a hotel?

 

[kevin301]

wah kaohsiung branch very far from my hotel..sian..
tink i change at airport megabank sua..definitely higher than sg arcade rite ?

I thought I saw someone posted the rates at arcade was 23+
In that case negligible difference between arcade and taoyuan airport. So whichever is most convenient for you. Unless you're planning to change > S$10,000, then every cent makes a difference

 

[calkel20]

I thought I saw someone posted the rates at arcade was 23+
In that case negligible difference between arcade and taoyuan airport. So whichever is most convenient for you. Unless you're planning to change > S$10,000, then every cent makes a difference

As long as u hit 500-1k, i does make a difference.

Hoing to arcade per trip max 2-4 dollars. Going taiwan dbs banks only abt 1.5-2dollars. And of course to your convenience too. Good to pay bank a visit, then go sys hall to see change of guards.

 

[calkel20]

wah kaohsiung branch very far from my hotel..sian..
tink i change at airport megabank sua..definitely higher than sg arcade rite ?

Ya. But then not always. Need to check periodically. If change 100-200, singapore better. Coz in airport will slap a 30nt surcharge per transaction. Remember it is per transaction.

 

[dude123]

I will be changing 2ksgd. After surcharge, tw airport still better than sg?

 

[calkel20]

I will be changing 2ksgd. After surcharge, tw airport still better than sg?

Yap. So change there lor. Can check online first then decide.

 

[kevin301]

As long as u hit 500-1k, i does make a difference.

Hoing to arcade per trip max 2-4 dollars. Going taiwan dbs banks only abt 1.5-2dollars. And of course to your convenience too. Good to pay bank a visit, then go sys hall to see change of guards.

I guess I would say convenience plays a bigger factor for that kind of amount.
Using NT$40,000 as a basis,
@ 22.9 = S$1746
@ 23.2 = S$1724

Difference of about $22, which (imo) is a small price to pay for peace of mind of having the cash in hand prior to travel, especially if the money changer with good rates was just near my office or home.

but I am also guilty of (illogically) going out of my way to get the best rate possible sometimes, even if the difference is smaller than $22... ~shrug~

 

[calkel20]

So best rate or not, convenience matters.

 

[Cloud_Evolution]

DBS taiwan exchange rate 23.4 (yesterday)

 

[Taipei101]

23.19 @ The Arcade this afternoon

Taiwan dbs
1 TWD = 0.0419 SGD
1 SGD = 23.856 TWD

 

[calkel20]

Huh? I see it is 23.59 lor.

 

[Riuenu]

Huh? I see it is 23.59 lor.

u mean today arcade rate is 23.59!?!

 

[ravenintiate]

if i withdraw from TAIWAN DBS will it be under this rate? or a lower one? cause i will stayin in taiwan for a few months, dont wan to bring so much SGD over.

 

[calkel20]

u mean today arcade rate is 23.59!?!

Taiwan dbs.

 

[calkel20]

if i withdraw from TAIWAN DBS will it be under this rate? or a lower one? cause i will stayin in taiwan for a few months, dont wan to bring so much SGD over.

I was told at the closing rate which can be sg or tw reference. Even counter unsure.
And Dunno will incur any transaction charges bo.

 

[kevin301]

if i withdraw from TAIWAN DBS will it be under this rate? or a lower one? cause i will stayin in taiwan for a few months, dont wan to bring so much SGD over.

wow few months...
Probably not a good idea to bring so much cash over.
Withdraw from ATM would not be getting such a rate, I am quite sure of that.
Some options you can consider:
- bank draft
- money transfer (e.g. western union)
- get a friend/relative to bring over S$ for you to change in Taiwan

 

[calkel20]

wow few months...
Probably not a good idea to bring so much cash over.
Withdraw from ATM would not be getting such a rate, I am quite sure of that.
Some options you can consider:
- bank draft
- money transfer (e.g. western union)
- get a friend/relative to bring over S$ for you to change in Taiwan

Ok what. Once u got student pass, can open account with bank n deposit money in lor.

 

[ravenintiate]

Ok what. Once u got student pass, can open account with bank n deposit money in lor.

Thanks guys for the kind input! Gt student pass easier to apply acc ah cos I read earlier people say w/o ARC very troublesome. Haha I goin there for exchange study so abit scare to bring all sgd over.