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Money & currency

Money in Taiwan

Updated 2026-09-24

Money & Currency
$

New Taiwan Dollar (NT$, TWD)

Currency code: TWD

Practical Money Tips

Exchange to TWD on Arrival

The New Taiwan dollar (TWD) is the official currency. Exchange booths at Taiwan Taoyuan International Airport offer competitive rates and are convenient on arrival. Authorized exchange counters at banks and hotels operate nationwide. Keep some smaller bills for taxis and traditional markets.

ATMs Are Widely Available

ATMs accepting international Visa, Mastercard, and UnionPay cards are found at 7-Eleven, Family Mart, and other convenience stores across Taiwan, plus at major banks nationwide. The ATM network is dense even in smaller towns.

Cards Accepted at Most Businesses

Credit and debit cards are accepted at hotels, department stores, chain restaurants, and larger shops. Night markets and traditional market stalls are typically cash-only. The EasyCard (悠遊卡) and iPass stored-value cards work on the MRT, buses, YouBike, and at many convenience stores.

Carry Cash for Traditional Venues

Night markets, street food stalls, small temples, and rural businesses are cash-only. TWD 1,000–2,000 is ample for a day of street food and market browsing. Coins are used for MRT and some vending machines.

Note: Always check current exchange rates before traveling. Currency exchange is available at airports, banks, and authorized money changers.

Common Money Questions

What currency is used in Taiwan?

The New Taiwan dollar (TWD or NT$). Banknotes come in NT$100, 200, 500, 1,000, and 2,000 denominations. Coins are NT$1, 5, 10, 20, and 50.

Can I use international bank cards and ATMs in Taiwan?

Yes — conveniently. ATMs at 7-Eleven, Family Mart, and Hi-Life stores accept international Visa, Mastercard, and many debit networks. ATMs are available 24 hours and operate in English.

Do Apple Pay and Google Pay work in Taiwan?

Yes. Apple Pay and Google Pay are accepted at a wide range of retailers, chain restaurants, and convenience stores. Taiwan has good NFC payment adoption.

What is the EasyCard and do I need one?

The EasyCard (悠遊卡) is a rechargeable stored-value card for public transport (MRT, buses, trains) and convenience store purchases. It's convenient but not essential — you can pay MRT fares with coins or purchase single-journey tokens.

Where is the best place to exchange money in Taiwan?

Airport exchange counters at Taoyuan (TPE) offer fair rates for arrivals. Banks and post offices offer official rates with a small commission. Hotel exchange rates are typically less favourable.

Are night markets cash-only?

Almost universally yes. Night markets, street food stalls, and traditional vendors only accept cash. Bring TWD 1,000–2,000 per person for a typical night market evening.

Is tipping customary in Taiwan?

Tipping is not a common practice in Taiwan and not expected in most situations. High-end hotels and restaurants may add a 10% service charge. Taxi drivers do not expect tips.

Are there any currency restrictions when leaving Taiwan?

Passengers may carry up to NT$100,000 in New Taiwan dollars out of Taiwan. Larger amounts require declaration. Foreign currency up to USD 10,000 (or equivalent) may be taken out without declaration.

Entry rules, visa types and practical notes live on the Taiwan overview.

Treat this Visaja page as your starting point: verify the current rules directly with the official source before you submit an application.