Exchange Rate

[dede1217]

How about the money changer at their airports? Are their rates better than what we have now in sg? like S$1: >Taiwan $22 at least?

think the rates at any airport would be low !!!

 

[darrenlee78]

if you check the earlier posted link. They actually offer a pretty good rate compared to the money changers in singapore

 

[Gixxerfied]

think the rates at any airport would be low !!!

Oh really???

Arcademoneychanger offering 21.8 now while I see megabank offering 22.60..

 

[acetylcholine]

think the rates at any airport would be low !!!

While that may be the case in most airports, the same does not apply to Taoyuan. The rates offered by Megabank are very competitive and you may be able to get a better rate (as compared to the local moneychangers) if you change above a certain amount, given that the savings can easily offset the transaction fee.

 

[dede1217]

While that may be the case in most airports, the same does not apply to Taoyuan. The rates offered by Megabank are very competitive and you may be able to get a better rate (as compared to the local moneychangers) if you change above a certain amount, given that the savings can easily offset the transaction fee.

icic... tats good ...

 

[calkel20]

While that may be the case in most airports, the same does not apply to Taoyuan. The rates offered by Megabank are very competitive and you may be able to get a better rate (as compared to the local moneychangers) if you change above a certain amount, given that the savings can easily offset the transaction fee.

What better rates?
All controlled and reflected at counter.
Cannot possibly give you 22.66, when counter rate is 22.65, no matter what is your amount.

 

[calkel20]

I went to change at the TW DBS Bank on 3 Aug in Taizhong. They charged me 1 percent of the amount changed. Total they charged me about NT 1600 plus End up,the rate wasnt so attractive.
I still remember previously in Nov 2013, when i changed in TW DBS, there isnt any charge at all.

Charge u 1600ntd?
Got receipt to prove?
That is almost 70 dollars. Did you ask before proceeding with the transaction?
Knowing such amount, I would have gone elsewhere.

 

[acetylcholine]

What better rates?
All controlled and reflected at counter.
Cannot possibly give you 22.66, when counter rate is 22.65, no matter what is your amount.

I said "as compared to local moneychangers". You do realise that as you change a higher quantum, the effective exchange rate becomes better given that the transaction fee is fixed?

 

[calkel20]

Maybe because change with high amount of money? Coz if I'm changing like 7k, it's around NTD1600 too, if rate is 22.8, which I think it's quite high..

It may seems high. But when you break it down, it still beats changing with them then changing with Banks in Taiwan, less DBS.

Eg:
Megabank: 22.66, needs to minus 30NT per transaction.
DBS: 23.078 after 1% off, you still gets like 22.84!

Tell me that DBS is not offering a better deal.

 

[calkel20]

I said "as compared to local moneychangers". You do realise that as you change a higher quantum, the effective exchange rate becomes better given that the transaction fee is fixed?

I used to change locally when rates used to be higher than what ever is offer in Taiwan.
But no longer in recent cases.

So for now, no matter whatever transaction fees is mentioned, still cannot beat losing some small amount in Taiwan.

Will advise for all to pool the money together, so that you will only lose 30NT each time you change at airport in Taoyuan or Kaohsiung.

 

[calkel20]

Yup yup, when I was doing the calculation, DBS still offer a better rate overall after the 1%. So DBS Taiwan..Singapore rate is so poor now.

Of course, check again when need to change, you never know if the tide will change.

 

[fireworks79]

Market open den if the rates will rise again....
But these few weeks is rise slow fall fast
Change lose $ dun change oso lose $

 

[applesam]

anyone know is there exchange shop in ximen? tried to google but can't find anything.

 

[evildemon]

What time do the airport money changers open?

 

[deepblue_82]

yes i saw yesterday at jp...
wah 21.75...
mad low now man..
just last week it was 22.75

 

[dede1217]

yes i saw yesterday at jp...
wah 21.75...
mad low now man..
just last week it was 22.75

tats is super low liao ....
earlier on this month checked highest is 22.9x

 

[Gixxerfied]

What time do the airport money changers open?

How about visiting this url below??

http://www.taoyuan-airport.com/english/

 

[evildemon]

How about visiting this url below??

http://www.taoyuan-airport.com/english/

Thanks. Forgot about the site.

 

[calkel20]

anyone know is there exchange shop in ximen? tried to google but can't find anything.

No exchange shop.
Only banks.

 

[applesam]

no wonder. at ximen station exit 4, walk straight and can see mega bank. anyway the rate now is 22.70. and there is no such additional fee or whatsoever. they gave us exact amount.