Foreign Exchange Taiwan, Currency Exchange Services
Foreign exchange Taiwan, if you need to transfer funds into Taiwan dollars, maybe for a business transfer or, if you send money to Taiwan on a regular basis, you should use a foreign exchange broker to save money on transaction costs.
Foreign Exchange Brokers - Taiwan Dollars
If you need to exchange a larger amount of money into Taiwan dollars then you should consider using the services of a professional money transfer provider as they will be able to beat most, if not all high street bank foreign exchange rates.
Currency Overview - Taiwan
The official currency of Taiwan is the Taiwan dollar, TWD. If you are looking to make a large currency transaction into Taiwan dollars, then you should use a foreign exchange broker to make the transfer as you will save typically between 3 to 5 percent over high street bank rates. See the best foreign exchange service providers here: Exchange Brokers
Accessing Local dollar Currency
Visa, MasterCard and American Express cards are accepted in Taiwan's more densly populated areas, where ATM's are available. In smaller, or rural areas, you may find it difficult to locate an ATM although you will be able to exchange currency for Taiwan dollars at a local bank or specialist foreign exchange offices.
Recommended Foreign Exchange Options for Travelers to Taiwan
For large money transfers to Taiwan in dollars, you should conduct your exchange transactions through a specialist broker to attain the very best foreign exchange rates into Taiwan dollars. For smaller transactions (less than £1,000 in total) use an online money transfer provider.
Sending Money to a Person in Taiwan
The best way to send money to a person in Taiwan would be to use the money transfer service of Western Union.
Great for smaller money transfers to and from Taiwan (typically under £1000 per transaction) you can now send money online using Western Union's services.
There are more than 485,000 Western Union ® locations for cash pick-up around the world with no fees or commission to pay for the receiver. Western Union
Western Union offer a low cost and secure alternative to banks and traditional foreign exchange companies and are one of the biggest money transfer providers in the world.