Exchange Rate

Status
Not open for further replies.

VacheronLim

Senior Member
Joined
Sep 25, 2007
Messages
1,903
Reaction score
23
was reading through some pages in this thread, in preparation for my trip in late Feb'16

is it safe to say that not all banks in Taiwan will buy SGD, and even for those banks that buy SGD, there may be a processing fee (like their money changer)? in which case, there isn't really much difference between getting the exchange done at airport money changer, versus holding out and find banks to exchange?
 

kevin301

Senior Member
Joined
Aug 9, 2001
Messages
2,232
Reaction score
32
was reading through some pages in this thread, in preparation for my trip in late Feb'16

is it safe to say that not all banks in Taiwan will buy SGD, and even for those banks that buy SGD, there may be a processing fee (like their money changer)? in which case, there isn't really much difference between getting the exchange done at airport money changer, versus holding out and find banks to exchange?

Most banks (e.g. Bank of Taiwan, Megabank, DBS Bank Taiwan, etc) will accept SGD for foreign exchange. They do not charge a processing fee.
Only when you carry out the transaction at the airport, will you be charged an NT$30 processing fee.
 

VacheronLim

Senior Member
Joined
Sep 25, 2007
Messages
1,903
Reaction score
23
Most banks (e.g. Bank of Taiwan, Megabank, DBS Bank Taiwan, etc) will accept SGD for foreign exchange. They do not charge a processing fee.
Only when you carry out the transaction at the airport, will you be charged an NT$30 processing fee.

thank you sire!

guess I'll check out the locations of BOT/Megabank near my accommodation in Tainan, and see if it's more convenient to get the exchange done @ airport, or wait until my arrival in Tainan

much appreciated!
 

kevin301

Senior Member
Joined
Aug 9, 2001
Messages
2,232
Reaction score
32
thank you sire!

guess I'll check out the locations of BOT/Megabank near my accommodation in Tainan, and see if it's more convenient to get the exchange done @ airport, or wait until my arrival in Tainan

much appreciated!

no worries.
Don't forget about the opening hours too. You may be at Tainan over the weekend, where the banks would likely be closed.
 

calkel20

High Supremacy Member
Joined
Oct 13, 2010
Messages
42,674
Reaction score
729
Most banks (e.g. Bank of Taiwan, Megabank, DBS Bank Taiwan, etc) will accept SGD for foreign exchange. They do not charge a processing fee.
Only when you carry out the transaction at the airport, will you be charged an NT$30 processing fee.
Dbs has a min charge 100nt or 1% whichever is higher.
 

calkel20

High Supremacy Member
Joined
Oct 13, 2010
Messages
42,674
Reaction score
729
thank you sire!

guess I'll check out the locations of BOT/Megabank near my accommodation in Tainan, and see if it's more convenient to get the exchange done @ airport, or wait until my arrival in Tainan

much appreciated!
Going 成大 ?
 

VacheronLim

Senior Member
Joined
Sep 25, 2007
Messages
1,903
Reaction score
23
no worries.
Don't forget about the opening hours too. You may be at Tainan over the weekend, where the banks would likely be closed.

I arrived on a Wednesday wee hour flight, then gona shoot straight across to Tainan so will arrive there around mid-day, should be safe :s12:

Thanks for pointing that out :)
 

calkel20

High Supremacy Member
Joined
Oct 13, 2010
Messages
42,674
Reaction score
729
I arrived on a Wednesday wee hour flight, then gona shoot straight across to Tainan so will arrive there around mid-day, should be safe :s12:

Thanks for pointing that out :)

Change some at airport ba. Tainan not sure got dbs boh...

Edit:Found!
星展銀行 東台南分行
台南市東區長榮路一段223號1、2樓
701
電話: 06-601-7250
 
Last edited:

sunshin3

Junior Member
Joined
Oct 31, 2013
Messages
21
Reaction score
0
Buying TWD in Taiwan

Based on the website here, is it correct that the exchange rate is 1 sgd to 23.11 twd?

The procedure is simply to walk into the bank with SGD in cash and change at the counter? What are the bank opening hours like there?

Will the rate at the airport be the same as the rate offered at other domestic branches there?

Thanks in advance for the help! :)
 
Last edited:

calkel20

High Supremacy Member
Joined
Oct 13, 2010
Messages
42,674
Reaction score
729
Based on the website here, is it correct that the exchange rate is 1 sgd to 23.11 twd?
The procedure is simply to walk into the bank with SGD in cash and change at the counter? What are the bank opening hours like there?
Will the rate at the airport be the same as the rate offered at other domestic branches there?

Thanks in advance for the help! :)
Yes, rates are right.
Proceed to the bank with your passport.
Banking hours are like 8 till 4.
 

Elantra1529

Junior Member
Joined
Sep 13, 2012
Messages
31
Reaction score
0
Buying NTD

anyone just came back from Taiwan and want to change their NTD back to SGD ? Am looking at the exchange rate of NTD23 ~ SGD1. Looking for another SGD6800 to change to NTD. Please msg me @ 97467630. Thanks
 

VacheronLim

Senior Member
Joined
Sep 25, 2007
Messages
1,903
Reaction score
23
Change some at airport ba. Tainan not sure got dbs boh...

Edit:Found!
星展銀行 東台南分行
台南市東區長榮路一段223號1、2樓
701
電話: 06-601-7250

Yeah DBS have 2 outlets in Tainan region but location kinda awkward for me, I'll probably change a small amount @ airport and then look out for BOT or Megabank in Tainan :D:s12:
 

Elantra1529

Junior Member
Joined
Sep 13, 2012
Messages
31
Reaction score
0
NTD still needed. Please text me if you have balance from your trip and willing to let go @ the exchange rate of S$1 ~ NTD23. Thanks

anyone just came back from Taiwan and want to change their NTD back to SGD ? Am looking at the exchange rate of NTD23 ~ SGD1. Looking for another SGD6800 to change to NTD. Please msg me @ 97467630. Thanks
 

rayban

Supremacy Member
Joined
Feb 14, 2011
Messages
7,994
Reaction score
311
anyone just came back from Taiwan and want to change their NTD back to SGD ? Am looking at the exchange rate of NTD23 ~ SGD1. Looking for another SGD6800 to change to NTD. Please msg me @ 97467630. Thanks

change so much sia....
 
Status
Not open for further replies.
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ Forums. Forum members and moderators are responsible for their own posts. Please refer to our Community Guidelines and Standards and Terms and Conditions for more information.
Top