- Is the Taiwanese dollar a restricted currency?
Yes, the Taiwanese dollar is a restricted currency in that it can only be traded in a limited capacity. Fund transfers in this currency are not allowed outside of Taiwan.
- How much money can you take to Taiwan?
You cannot take over 100,000 Taiwanese dollars or 10,000 US dollars in cash when entering or exiting Taiwan.
- What credit cards are widely-accepted in Taiwan?
You can typically use Visa, MasterCard, JCB and ChinaPay cards throughout Taiwan, but American Express cards are not often accepted.
The Low Down on Taiwanese Currency
New Taiwan dollar (新臺票)
NT$, 圓, $
Central Bank of the Republic of China (Taiwan)
NT$100, NT$200, NT$500, NT$1000, NT$2000
NT$0.5, NT$1, NT$2, NT$5, NT$10, NT$50
The official currency in Taiwan is the dollar - abbreviated to the currency code TWD. 1 Dollar is divided into 10 jiao which are then divided into a further 10 fen or cents.
The dollar, also referred to as the ‘New Taiwan dollar’, was introduced in 1949, when Taiwan replaced its Old Taiwan dollar. The new dollar’s initial role was to reduce the hyperinflation caused by the Chinese Civil War.
The dollar has been issued by the Central Bank of the Republic of China (Taiwan) since 2000; while the Bank of Taiwan issued banknotes prior to this time.
The most commonly-used bills for New Taiwan dollars are the 100, 500 and 1000 notes.
What to spend your New Taiwan dollars on**:
Street food meal
1km taxi ride
Entrance to Zhuilu Old Road
in Taroko National Park
Local train pass
Local bottle of beer
Must-sees in Taiwan
Buying New Taiwan dolalrs online is easy
Order New Taiwan dollars online, lock in the rate and collect at your local store, at the airport before you fly or have it delivered at home
- 1. Click the ‘Buy TWD Now’ button below
And tell us how much you need for your trip in Cash or Travel Card.
- 2. Choose where to get it
Collect at more than 3,600 pick up locations.
- 3. Pay online
You can pay online using either PayID, BPAY, Visa or MasterCard®
*Rates are subject to change throughout the day. In-store rates vary compared to online.
**The figures provided are indicative only and are there to provide an idea of the amount of travel money you may need during your trip.
^^Based on mid-market and Travelex Online AUD to FX exchange rates as of the date of the relevant social media post and/or email communication. Rates are subject to change throughout the day. Any rates and savings are quoted as a guide only.
Travelex Limited (ABN 36 004 179 953, AFSL Number 222444) arranges for and sells Online Foreign Currency via its Online Ordering Facility. You should consider the Online Foreign Currency Product Disclosure Statement and Terms and Conditions before deciding whether to acquire the product.