If you're arriving at Taiwan Taoyuan International Airport (TPE) and need to obtain New Taiwan Dollars (NTD), the airport offers several convenient options for currency exchange and cash withdrawal.

How Much is 1 New Taiwan Dollar (NT$)?

As of writing, the exchange rates are approximately:

1 New Taiwan Dollar (TWD) = 0.0333 US Dollar (USD)
1 New Taiwan Dollar (TWD) = 1.8545 Philippine Peso (PHP)

Please note that exchange rates fluctuate regularly. For the most accurate and up-to-date rates, consider using reliable currency converters like XE or Wise.

When exchanging currency or withdrawing cash, always check with your bank or exchange service for the current rates and any applicable fees.

We opted to withdraw NT$ 10,000 for the 3-day trip in Taiwan

Currency Exchange Services

1. Bank of Taiwan (BOT) Counters

BOT operates 24-hour currency exchange counters in both Terminal 1 and Terminal 2 arrival areas. These counters provide competitive exchange rates, comparable to those offered at city branches, and are known for their reliability.

2. Mega International Commercial Bank

Located on the first floor of Terminal 2 (non-controlled area), this bank also offers 24-hour currency exchange services, providing travelers with additional flexibility.

3. Currency Exchange Machines

For quick transactions, currency exchange machines are available in the arrival areas. These machines accept USD, JPY, and RMB, converting them into NTD. If you have other currencies, it's advisable to use the bank counters instead.

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ATM Withdrawals

ATMs are widely available throughout the airport, including those operated by the Bank of Taiwan. These machines are accessible 24/7 and accept international debit and credit cards.

Making withdrawals from Bank of Taiwan ATM

Some travelers have reported that using Bank of Taiwan ATMs incurs no additional withdrawal fees, but it's essential to check with your home bank regarding any international transaction fees.

Tips for ATM Use:

Choose to be charged in NTD: When prompted, opt to be charged in the local currency (NTD) to avoid unfavorable exchange rates.
Be aware of withdrawal limits: Some ATMs may have a withdrawal limit (e.g., NTD 20,000 per transaction).
Check for fees: While some ATMs may not charge fees, others might. Always verify any potential charges before proceeding.

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Recommendations

For Immediate Needs: If you require cash upon arrival, using the 24-hour bank counters or ATMs in the arrival areas is convenient and reliable.

For Better Rates: While airport rates are competitive, you might find slightly better rates at banks in the city. However, city banks often have limited operating hours and may require additional identification.

Avoid Unofficial Exchanges: Stick to official bank counters and ATMs to ensure secure and fair transactions.

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For more detailed information on services and facilities, visit my Taoyuan International Airport Guide.

Visit my list of Frequently Asked Questions in Taiwan (FAQs) to learn more.

Where to Go in Taiwan

Where to Exchange Currency or Withdraw Cash at Taoyuan International Airport (TPE)