Taiwan (TW)
A safe, democratic, tech-forward island with excellent public healthcare, dense transit, world-class food culture, and a strong base for East Asia.
Capital: Taipei
Region: Asia
Language: Mandarin Chinese
Currency: TWD (NT$)
Cost of living: Moderate (index 58)
Emergency: 110
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Currency & Money
Practical money tips for living in Taiwan.
NT$
New Taiwan Dollar
TWD
Denominations
Coins: NT$1, 5, 10, 50; notes: NT$100, 200, 500, 1,000, 2,000
Payment Culture
Convenience stores, transit, supermarkets and chains are highly cashless, but night markets, small eateries, clinics and older landlords may still prefer cash or bank transfer.
ATM Tips
ATMs are everywhere in 7-Eleven, FamilyMart, MRT stations and banks. Foreign-card withdrawal fees vary; keep a local account for rent, salary and utilities.
Exchange Tips
Banks offer better exchange than airport kiosks. Bring passport/ARC for larger cash exchanges and compare Bank of Taiwan, Mega Bank and online remittance providers.
Pro tip: Best apps for expats
- • Wise — Send money internationally at near-interbank rates
- • Revolut — Multi-currency account, free ATM withdrawals (limits apply)
- • N26 — German IBAN, free account, good for EU residents