GBP/TWD at 40.06, down 4.9% from 3-mo avg. Pound gains on UK-India trade hopes despite US tariff headwinds. Analysts watching BoE decision + Taiwan tech sector vulnerabilities as key drivers for rate direction. #Forex #GBPTWD
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GBP to TWD Market Data
British pound (GBP) to New Taiwan dollar (TWD) market data - latest interbank exchange rate, trend, chart & historic rates.
Sell GBP →
Buy TWD
1 GBP
=
40.43We compare provider deals to this wholesale mid-market rate. Read more
TWD▲+3.2%
90d-lows
GBP to TWD at 40.06 is 4.9% below its 3-month average of 42.13, having traded in a rather volatile 12.4% range from 38.80 to 43.61
|Tracker
1 TWD =
0.024733 GBP
| Date | GBP/TWD | Change | Period |
|---|---|---|---|
07 Jul 2023 | 40.16 | 0.3% ▲ | 2 Week |
22 Apr 2023 | 38.10 | 5.7% ▲ | 3 Month |
21 Jul 2022 | 35.86 | 12.4% ▲ | 1 Year |
22 Jul 2018 | 40.20 | 0.2% ▲ | 5 Year |
23 Jul 2013 | 45.86 | 12.1% ▼ | 10 Year |
26 Jul 2003 | 55.99 | 28% ▼ | 20 Year |
What are equivalent amounts of GBP and TWD?
Here are some popular conversion amounts for GBP to TWD (British pound to New Taiwan dollar)*.
| GBP | TWD |
|---|---|
| £ 24.73 | NT$ 1,000 |
| £ 123.67 | NT$ 5,000 |
| £ 494.66 | NT$ 20,000 |
| £ 2,473 | NT$ 100,000 |
More amounts
*Converted at the current GBPTWD interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
Forecasts for GBP to TWD
Recent forecasts regarding the GBP to TWD exchange rate reveal a complex landscape influenced by geopolitical developments and economic indicators. The British pound (GBP) experienced some upward movement amid a more optimistic outlook for the UK economy, buoyed by news of a potential UK-India trade deal and renewed hopes for an agreement with the EU. Analysts note that this positive sentiment, along with an encouraging assessment of UK infrastructure plans, has contributed to the pound's resilience despite the ongoing lack of substantial data ahead of the upcoming Bank of England (BoE) interest rate decision.
Read our full review of recent GBP to TWD forecasts.
How to get a good GBP to TWD exchange rate
There are several ways to save on exchange rates when converting British pound to New Taiwan dollar:
- Shop around for the best GBP/TWD exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
- Timing is important: Keep an eye on the GBP/TWD rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
- Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
- Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both GBP and TWD at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
- Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.
The key is reducing excessive costs and fees
Generally speaking, if you are buying New Taiwan dollar with British pound, then it's better for the GBP/TWD exchange rate to be higher.
However working against you are the fees all foreign exchange providers charge for providing their service. These fees is usually contained within the exchange rate margin (or difference to the mid-rate).
The transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.
Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.
Read our Currency guide to Taiwan — a practical currency and money guide to travel in Taiwan plus living and doing business with the New Taiwan dollar.
It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.
Will the British pound rise against the New Taiwan dollar?
It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.
To help with this you can add GBP/TWD to your personalised Rate Tracker to track and benefit from currency movements.
Track Rate
Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.
Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending
Currency Country Guides
| United Kingdom (GBP) | Taiwan (TWD) |
Are there limits on foreigners buying property in Taiwan?
There are no special limits on foreigners, except for Chinese, buying property in Taiwan.
Foreigners and foreign companies who purchased property after the beginning of 2016 will have to pay extra taxes on any profit when they sell. This tax will vary depending on the length of ownership.
What you can buy for...
US$500,000: Old apartment, no lift or parking.
US$1,000,000: New apartment, lift plus parking, roughly 90-110 sqm
US$5,000,000: High-end residential apartment 300-400sqm
Read more at our Taiwan (TWD) country guide
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The USD to TWD exchange rate remains under pressure due to a confluence of economic factors and geopolitical tensions.
Further reading on the New Taiwan dollar (TWD) - Guides, Reviews & News from our research team.
Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more
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