Where is the best place to exchange money in Taiwan?
There are plenty of ATM's and money changers at the airport on arrival, so purchasing TWD before leaving home is not really necessary. If you do wish to change money before you arrive, be aware that the rates will not be as good as those you will get in Taiwan so it is probably worth changing as little as possible.
There are plenty of ATM's and money changers at the airport on arrival, so purchasing TWD before leaving home is not really necessary. If you do wish to change money before you arrive, be aware that the rates will not be as good as those you will get in Taiwan so it is probably worth changing as little as possible.
The use and acceptance of credit cards in Taiwan is widespread, especially in urban areas, and many outlets accept major credit cards. However, smaller market stalls may not accept credit cards, so it's always a good idea to carry some cash with you.
| Conversion rates US Dollar / New Taiwan Dollar | |
|---|---|
| 100 USD | 3,207.10000 TWD |
| 250 USD | 8,017.75000 TWD |
| 500 USD | 16,035.50000 TWD |
| 1000 USD | 32,071.00000 TWD |
Declare cash amounts over 100,000 New Taiwan Dollars (NTD), foreign currencies over 10,000 USD, or over 20,000 Chinese Yuan (RMB).
Some department stores are able to change US dollars, euros, Japanese yen and Chinese RMB. When buying NT dollars, you'll likely get a better rate of exchange in Taiwan than in your home country, so consider waiting until you've arrived and then changing money at the airport.
Money and travellers cheques can be exchanged at the airport, branches of government banks, some large department stores and some major tourist hotels. Only major bank branches will exchange pounds and euros, but all banks that offer currency exchange can change US dollars.
Not more than NTD100,000 in notes can be brought in by each passenger. Totaled USD10,000 (or its equivalent). Passengers must declare the amount of foreign currencies in excess of USD10,000 (or its equivalent in other foreign currencies).
Foreign currencies can be exchanged at government-designated banks and hotels. Receipts are given when currency is exchanged, and must be presented in order to exchange unused NT dollars before departure.
The simple answer is yes. The self serve machines take credit card, debit card and cash. Use a Visa or Mastercard card - they're the most widely accepted networks in Taiwan. Yes international credit cards work at gas stations.
How far does the US dollar go in Taiwan?
1 USD = 32.0885 TWD Apr 03, 2024 01:45 UTC
Check the currency rates against all the world currencies here.
| Conversion rates New Taiwan Dollar / US Dollar | |
|---|---|
| 500 TWD | 15.63305 USD |
| 1000 TWD | 31.26610 USD |
| 2000 TWD | 62.53220 USD |
| 5000 TWD | 156.33050 USD |
Risk is very low for most travellers.
Taiwan Arrival Card
Foreign travelers are kindly requested to complete the "Arrival Card" online prior to their entry.
As a U.S. passport holder, you will be allowed to enter Taiwan without a visa for up to ninety days if your passport is valid for more than 90 days.
Key Takeaways
Currency exchange shops and kiosks in airports are not the best places to exchange money. For the best rates, try a local bank or a bank ATM to make your currency exchanges. Check to see if your U.S. bank offers foreign ATM fee refunds for using a foreign ATM.
If you don't have time to get cash at the bank before your trip, it can be tempting to get foreign currency at an airport kiosk or currency exchange counter. These merchants offer convenience, but their exchange rates are typically much less favorable than your bank at home.
Head to your bank or credit union before you leave to avoid paying ATM transaction costs. You may even receive a better exchange rate. Credit unions and banks will exchange your dollars into a foreign currency before and after your trip when you have a checking or savings account with them.
US Dollars are not accepted. Please be sure to have the correct currency on hand and be prepared to exchange your dollars for New Taiwan Dollars upon arrival.
Does Taiwan accept American credit cards?
The currency used in Taiwan is the New Taiwan Dollar (NTD). Locations such as hotels and restaurants in Taipei accept U.S. credit cards, such as Visa or MasterCard. However, smaller establishments often do not. If you prefer to carry cash, there are many ATMs around the city, and most accept U.S. debit cards.
- Drugs. ...
- Firearms , Ammunition , and Knives.
- Goods Infringing Upon the Rights of Patents, Trademarks and Copyrights. ...
- Fake or Altered Currencies/Securities, or Moulds for Printing Counterfeit Currency.
- Live Wildlife or Protected Wildlife Products.
- Goods prohibited by law from importation.
Accommodation costs are relatively high, but this is more than compensated for by abundant cheap and delicious food, inexpensive public transport, free entry to stellar attractions, exceptional hiking for little-to-no cost and free festivals all year round.
You should plan to spend around $113 (NT$3,622) per day on your vacation in Taiwan. This is the average daily price based on the expenses of other visitors. Past travelers have spent, on average for one day: $17 (NT$541) on meals.
Using an ATM is one of the easiest and cheapest methods to get cash while traveling abroad. All international withdrawals via an ATM typically provide a better exchange rate than you would at a currency exchange store or airport kiosk.
