If you're sending USD to Taiwan, the exchange rate is moving against you. If you're sending TWD to the U.S., it's one of the best times in months to do so.
The Taiwan dollar’s strength looks solid through July. But stay alert, central bank decisions or unexpected U.S. data could quickly shift the trend.
If you're planning a transfer, consider locking in your rate soon. Even a small shift in exchange rates can make a real difference in how much your recipient receives.
The Taiwan dollar is currently strong. It has gained nearly 12% this year.
On the flip side, the U.S. dollar is weakening.
This is mostly due to growing expectations that the U.S. Federal Reserve will cut interest rates, likely in September.
The combination of a strong TWD and a weak USD means it costs fewer Taiwan dollars to buy one U.S. dollar, great if you’re receiving TWD, but not ideal if you’re paying in USD.
Why is this happening?
Several important factors are influencing the exchange rate.
Central bank activity
Taiwan’s central bank has been stepping in occasionally to slow down big currency moves, but it hasn’t aggressively fought the TWD’s rise. A stronger Taiwan dollar helps reduce inflation and makes imports cheaper, which the central bank likely sees as a benefit.
Tech investment and trade demand
International investors are buying more Taiwanese stocks and assets, especially in the tech sector (companies like TSMC and Foxconn). That increases demand for TWD, which pushes up its value.
Weakening U.S. dollar
With expectations of interest rate cuts in the U.S., demand for the dollar is fading. A less attractive dollar means a weaker exchange rate against stronger global currencies like the TWD.
What’s the trend?
Most market analysts expect the Taiwan dollar to stay strong, and possibly gain more ground in the coming weeks.
That said, there could be short-term reversals if the Taiwan central bank increases intervention or if U.S. data unexpectedly turns positive.
Key levels to watch
Traders are keeping a close eye on these price points:
Support: Around 29.00 TWD per USD – if the exchange rate drops here, it might bounce slightly.
Resistance: Around 29.70 TWD per USD – if the rate rises past this, the USD could temporarily regain strength.
Right now, the USD/TWD is trading near 29.20.
If it doesn’t break above 29.70 soon, the trend likely continues in favor of the Taiwan dollar.
What are the risks?
Here are a few events that could disrupt the current trend:
Currency intervention: If Taiwan’s central bank becomes more concerned, it could act more aggressively to weaken the TWD.
Surprising U.S. data: Better-than-expected economic results in the U.S. could give the dollar a short-term lift.
Unexpected volatility: Insurance market issues or sudden global risk events could cause unpredictable shifts in currency demand.
Is it a good time to convert USD to TWD?
If you’re sending USD to Taiwan
It’s becoming more expensive to send dollars.
You’ll get fewer Taiwan dollars for every U.S. dollar than you did last year.
If possible, consider sending funds soon. If the TWD strengthens further, you’ll lose more on the exchange rate.
If you’re sending TWD to the U.S.
Good news, your Taiwan dollars are currently buying more U.S. dollars.
This is a favorable time to make your transfer. The current strength of the TWD works in your favor, but that could change if the central bank intervenes or the Fed surprises markets.
What to expect next month
Unless something significant changes, like a policy surprise from the Fed, the U.S. dollar is likely to stay weak.
The Taiwan dollar is expected to stay in a range between 29.00 and 29.70, with a bias toward more strength.
The biggest events to watch are Fed rate expectations and any shift in Taiwan’s central bank stance.
Live USD to TWD exchange rates
Converting USD to TWD
If you are planning to send USD to Taiwan, you need to pick the right money transfer company to get the most TWD on the other end.
Depending on your needs, it's best to use one of the following companies in July:
Money transfer company | USD/TWD exchange rate | USD/TWD fee | USD/TWD transfer time | TWD received |
---|---|---|---|---|
Wise (Best USD/TWD rate) | 29.4650 USD/TWD | 60.74 | within a week | 204,465.3 |
OFX (Lowest Fee) | 28.7031 USD/TWD | 0 | minutes - 24 hours | 200,922 |
Revolut (Overall cheapest) | 29.4061 USD/TWD | 21 | minutes - 5 days | 205,224.97 |
OFX (Fastest Option) | 28.7031 USD/TWD | 0 | minutes - 24 hours | 200,922 |
*Based on our data of $7,000 transfer from the USA to Taiwan in July 2025. For other amounts, please run a live search to get the best exchange rate.
USD to TWD history
Taiwan and the US have had trade ties for decades. The US dollar was established in the 1800s while the new Taiwan dollar was created in 1949. At the time, it replaced the old Taiwan dollar, which was plagued by hyperinflation of the time.
Today, Taiwan has emerged as an economic powerhouse because of its strong industrial base. It is mostly known for its semiconductor industry, which is the backbone of the modern economy.
In terms of market cap, Taiwan’s Semiconductor Manufacturing Company is the second-biggest semiconductor manufacturer in the world after Nvidia. It has become one of the most important companies in the world because it innovated the fabless foundry concept in 1987 and manufactures most of the chips we use today.
The US and Taiwan have strong economic relations. Data from the Commerce Department showed that the total trade volume of the two countries stands at over $120 billion. The US exports to the country are worth about $47.3 billion while imports are worth over $86 billion. This leaves the total trade deficit at about $40 billion.
The USD/TWD has been a relatively stable currency over the years. It peaked at 40.59 in 1985 and then reached an all-time low of 24.50 in 1992. As shown below, since 1999, the pair has remained between the support at 27.27 and the resistance at 35.25. This is a relatively small standard deviation compared to other currencies.
Its stability is likely because the USD/TWD is not a popular pair among speculators. Therefore, its price action is mostly determined by supply and demand dynamics, which are affected by the overall trade volume between the two countries.
Date | 1 US Dollar in TWD |
---|---|
Jul 13, 2025 | 29.227974 TWD |
Jul 14, 2025 | 29.361100 TWD |
Jul 15, 2025 | 29.403097 TWD |
Jul 16, 2025 | 29.416033 TWD |
Jul 17, 2025 | 29.418300 TWD |
Jul 18, 2025 | 29.409704 TWD |
Jul 19, 2025 | 29.409704 TWD |
Jul 20, 2025 | 29.392970 TWD |
Jul 21, 2025 | 29.348597 TWD |
Jul 22, 2025 | 29.387502 TWD |

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