The currency in Taiwan is the Taiwan Dollar. If you are planning a business trip or are visiting Taiwan on holiday you should buy your currency online before you travel. Taiwan is a beautiful island, with stunning landscape including the mountains of Wulai, the cliffs of Penghu and the Taroko Gorge. Some believe that the best hot springs in the world are in Taiwan, the Taian Hot springs. Taiwan offers a culturally rich experience and visiting towns such as Taipei is a must!
If you are planning a trip to Taiwan it is best to visit during the autumn, (September to November) the weather is warm and dry during these months. Air pollution is at its lowest levels and prices are far lower. Taiwan can experience sandstorms from china during the spring but the weather can also be clear and dry. The summer months are hot and sticky but outdoor activity holidays on the East Coast during these months are enjoyable. We would recommend staying clear of the major cities during the summer as the climate is extremely hot. Taiwan is crowded with tourists during the summer which pushes up prices and you may find it difficult to secure flights and accommodation.
The currency of Taiwan is the New Taiwan Dollar, locally it can sometimes be referred to as the ~Taiwan Yuan. Notes are available in the following denominations, 2,000 Dollars, 1,000 Dollars, 500 Dollars, 200 Dollars, 100 Dollars and 50 Dollars. Taiwan currency coins are 50 Dollars, 10 Dollars and 5 Dollars.
Best Taiwan Dollar Exchange rate
To get the best Taiwan Dollar exchange rate you should buy your travel money online before you travel. Visit the Compare Currency travel money table to find out how is offering the best Taiwan Dollar exchange rate. We monitor the exchange rates offered on the high street and online to bring you the best travel money deals available.
If you wait until you are abroad to withdrawal money from ATM machines you will be charged a commission on every withdrawal you make which can work out rather expensive. Likewise buying your currency from the airport will leave you feeling rather short changed as airport bureau de changes offer extremely uncompetitive exchange rates.
Currency exchange in Taiwan
Although we would always recommend buying your travel money in the UK before you go on holiday there are times when you will find yourself running low on money and need to withdraw more money to convert into Taiwan Dollars. The easiest method is to use the ATM machines are the 7-eleven stores throughout Taiwan. These machines have an English language option and are on the international Plus and Cirrus networks. Do be aware that you will be charged for withdrawing money in this way. The banks in Taiwan also allow you to exchange money and the standard charge for this is 7 Taiwan dollars;
Credit cards are accepted in most major hotels but not in many restaurants or on market stalls. We would recommend keeping plenty of smaller notes on you to pay for food and goods. If you are planning to use your credit card to pay for a meal please ensure that you check beforehand that the restaurant accepts credit cards.
Taiwan Bank Opening hours
Monday-Friday 09:00-15:30
Saturday 09:00-12:00
At Compare Currency we offer you impartial information to enable you to find the best travel money deal using our travel money comparison table. Find out which UK foreign exchange provider is offering the best currency exchange rate and buy travel money online now. Our currency table displays the five most popular currencies which will help show you who is offering the best exchange rates each day. Simply click on the more currencies icon of your preferred company to see their Taiwan Dollar exchange rate.
