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US Dollar

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Re: US Dollar

Postby djkonstable » 05 May 2012, 16:08

And based on some forecasts there may be a rise in the USD versus the NTD but nothing past June. Something like 29.81 versus Aprils 29.38, So if you move a lot of money it might be better to sit for now. I have a currency account so I just wired money from the US to my account in Taiwan and when the exchange rate is better I will transfer to NT.
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Re: US Dollar

Postby djkonstable » 05 May 2012, 16:26

Taiwan just uses NTD, A great way to bring money to Taiwan is Travelers Checks, and then go to the American Express Building and get them cashed. A local bank may charge a fee or not cash them at all. If you cash them at the AMEX building you won't pay besides the exchange rate. Then you can look at the exchange rates and get a little better deal. You can use the ATM but depending on your bank you could pay 300-500 ntd in fees. The bonus to American Express checks cashed at their building is you don't have to pay the fee. If you don't have an ARC you are going to have a hard time exchanging anything. USD you can even get exchanged for a better rate is you know the right people. USD is still the world reserve currency so you can still get your money that way but your fees may add up and you may be better just going through the ATM. Airport Exchange is fair. I suggest always coming to Taiwan with some NTD because they don't operate like many parts of the world, a cab driver won't take your USD. At least I never had one do it.
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Re: US Dollar

Postby djkonstable » 05 May 2012, 16:34

American Express Building
12F, Home Yong Building
262-265 Fu Hsing North Road or Fuxing N Rd, or Fuxing. (pinyin is a bitch in Taiwan)
Songshan District
Taipei City, 10543
Taiwan
Phone:
886 2 2719 0808
Fax:
886 2 2718 5993

Please be aware that this information may change. This was the last place I cashed travelers checks.
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Re: US Dollar

Postby bumclouds » 06 May 2012, 19:11

Just use an ATM. All up, I only lose 5.5% on my AUD and I've been doing it for the last 18 months.

I remember when I inquired about swapping my money inside AU, I was quoted a colossal 17%. And that was after doing a lot of shopping around.

And of course you don't want to step off their airplane with loads of cash or you'll have trouble with customs.
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Re: US Dollar

Postby Chris » 06 May 2012, 22:29

The NT$ is usually strongest against the US$ around April. That's the time I generally change my NT$ to US$.
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