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Our recommendation: Wise
We tested & reviewed 7 money transfer providers offering money transfers from Singapore to Taiwan, and Wise scored highly.
In total, Wise appeared in 100% of Singapore to Taiwan searches, and was the top rated company supporting transfers between SGD and TWD.
For a great mix of cost, speed & features, we recommend making your Singapore to Taiwan transfer using Wise.
How to send money from Singapore to Taiwan
- Always compare rates
Don't pay more than you have to. Use our live comparison tool to make sure you get the best rates on converting into New Taiwan Dollar from Singapore.
- Choose a provider
Select the provider offering the best way to send to Taiwan based on your needs.
- Click, sign up & send
Follow the steps & make your transfer. Your New Taiwan Dollar will soon be on their way to Taiwan.
Summary of recent searches
Get the most from sending money from Singapore to Taiwan
Comparing providers offering services between Singapore and Taiwan based on your specific transfer amount, is the easiest way to get the best price on your transfer.
We cover the entire SGD-TWD market and have compared 7 providers offering services between Singapore and Taiwan.
This ensures you will get the most comprehensive options for sending Singapore Dollar to Taiwan.
Whilst we rate Wise as the best overall for transfers between the two countries, comparing gives you the best idea for your specific Singapore to Taiwan transfer needs.
Cheapest way to send money to Taiwan from Singapore: Revolut
Data collected through our comparison over the past six months shows that Revolut is 1.9% cheaper than the second-best option.
The cost is made up of an average fee of 0* SGD and an exchange rate for buying New Taiwan Dollar with Singapore Dollar that is 0.11% different to the mid-market rate.
If you want to secure the best rates on a Singapore to Taiwan transfer, Revolut offers value. We would still recommend searching for the amount you want to send to Taiwan.
*The most common fee applied to SGD-TWD by Revolut, based on data from the past six months.
Fastest way to transfer money to Taiwan from Singapore: Ria Money Transfer.
Through our data, we found Ria Money Transfer to be the fastest option for sending money from Singapore into New Taiwan Dollar in 71.2% of occasions. For fast SGD to TWD money transfers, Ria Money Transfer comes highly recommended.
Singapore to Taiwan transfers with Ria Money Transfer have an average fee of 4 SGD.
To test that Ria Money Transfer was the 'fastest' option we compared 7 providers. With this, we compared overall speed of sending money from Singapore to Taiwan made up of depositing Singapore Dollars, to a money transfer account and transfer times to Taiwan.
When sending at speed is a priority, Ria Money Transfer is our recommended choice for sending into Taiwan from Singapore.
Transfer a large amount of money
Wise is the best rated company for sending large amounts of New Taiwan Dollar to Taiwan out of 7 companies offering the service.
Whether for a property purchase, or for business, sending large amounts of money to Taiwan from Singapore has the potential to be very expensive.
Wise is our choice for big transfers to SGD because of all round price, speed and management when making large transfers.
Understanding the cost of transferring money from Singapore to Taiwan
The total cost of money transfers from Singapore to Taiwan is a combination of fees and exchange rates. Get the best of both, and you will be getting a good deal.
The Mid-Market and Exchange Rates: The mid-market rate for SGD-TWD is currently 24.2893 TWD per Singapore Dollar. Providers offering services closer to this rate will ensure more New Taiwan Dollar for your Singapore Dollars.
To give a historic average, over the last three months the SGD-TWD mid-market rate has been 24.2944 TWD per Singapore Dollar, this has had a high of 24.8103 and a low of 23.8358.
From the 7 companies compared, Wise offers the best exchange rate on transfers to Taiwan and Singapore.
Generally, the exchange rate you receive on converting SGD to TWD will be the biggest factor impacting the cost of sending Singapore Dollars to Taiwan.
Fees: Transfer fees are charged alongside a transfer. The company offering the lowest fee is Revolut at an average of 0 SGD per transfer over the last 6 months. In all cases, we recommend searching for your exact send amount as fees may change.
Amount Received: Money transfer companies will show you the amount eventually received in New Taiwan Dollar. Simply, the higher the amount received in Singapore, the lower the cost of sending from Taiwan.
Track the exchange rate for Singapore Dollar to New Taiwan Dollar
Sending money at the right time between SGD and TWD can make a huge difference to overall cost. The exchange rate impacts how much TWD you get for your SGD.
Over the last six months, the average numbers are:
The exchange rate from SGD to TWD averaged 24.2944 TWD.
The highest value recorded was 24.8103 TWD, while the lowest was 23.8358 TWD.
7 providers currently offer transfers between Singapore and Taiwan close to this rate
Want to secure the best SGD-New Taiwan Dollar exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from Singapore to Taiwan!
Payment options for transfers from Singapore to Taiwan
Bank transfers
Bank transfers are often the fastest and cheapest way to send money from Singapore to Taiwan.
Using a money transfer company such as Revolut for payments from Singapore to Taiwan, means you can send via a bank transfer and benefit from lower fees and more favorable exchange rates than you would get with a traditional bank.
Revolut is the best money transfer provider for bank transfers of the 7 we compared when sending SGD to Taiwan.
With an average fee of 0 SGD to transfer money from Singapore to Taiwan, Revolut offers a great combination of competitive exchange rates and lower fees.
Prepaid and debit cards
Sending money with a debit card from Singapore to Taiwan is easy with Wise.
Wise is a leader in debit card money transfers from Singapore to Taiwan. They are the best option of the 7 transfer companies compared.
Credit cards
When it comes to credit card transfers from Singapore to Taiwan, Wise is the top choice of the 7 companies offering this service.
Fee alert: using a credit card to transfer money internationally often results in a fee being charged by your card issuer. That's why we recommend bank transfer or debit card instead.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Taiwan and Singapore.
Our comparison engine and algorithms evaluate providers based on over 25 factors, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from Singapore to Taiwan.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send SGD to TWD.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
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