How to send money to Taiwan from Japan with the best JPY-TWD rate

The exchange rate determines how many JPY the recipient will get in Taiwan when you send Yen.

Today, the average exchange rate between Yen and New Taiwan Dollar is 0.1962. The company offering the best exchange rate is OFX.

The JPY-TWD rate fluctuates constantly, so timing your transfer to Taiwan can help you save a lot of money.

The total cost of sending money to Taiwan from Japan is a mix of the mid-market, exchange rates and transfer fees.

• The Mid-Market and Exchange Rates: The mid-market for JPY-TWD is 0.1962 TWD per Yen.

• Fees: When sending money there may be additional fees. OFX offers the lowest fee of the 1 providers tested, costing 0 JPY per transfer (based on ¥1,000,000 transferred).

• Amount Received: When comparing providers, the best measure is the amount of New Taiwan Dollar eventually received in Taiwan.

Sometimes, waiting a day or two can help you get more TWD for the same amount of JPY. You can also opt for a forward contract to lock in rates between Japan and Taiwan.

A bank transfer is the most cost effective option for sending money from Japan to Taiwan.

Here are all the ways to send money from Japan to Taiwan:

Bank transfers

The default option for sending money from Japan to Taiwan is often a bank transfer.

Using a money transfer company, such as OFX for transfers from Japan to Taiwan, allows for sending via a bank transfer while benefitting from lower fees and more favorable exchange rates. 


Debit and prepaid cards

Sending money from Japan to Taiwan with a prepaid or debit card is easy with .


is a leader in accepting card payments for transfers between Japan and Taiwan.

Credit cards

When it comes to international credit card transfers from Japan to Taiwan, we recommend comparing your options to get the best deal.

Always choose providers that are regulated by financial authorities to ensure funds are safe when transferring from Japan to Taiwan.

If you don’t know what the key regulatory bodies for money transfers are between Japan and Taiwan, please refer to our directory of financial regulators worldwide.

Some services have limits on how much you can transfer from Japan to Taiwan. This applies when receiving money in Taiwan as well.

Different companies will offer different rates or lower fees for different transfer amounts.

For example, we recommend using OFX if you need to send large amounts of JPY to Taiwan.

This being said, always check with the recipient and understand any declarations needed on large amounts of money leaving Japan, or entering Taiwan.

There are different ways to receive money in Taiwan. You can do a direct bank deposit, cash pickup, use a mobile wallet or receive money into a multi-currency account.

If you (or the recipient) want a direct transfer to your bank account, OFX is the best money transfer company for bank transfers between Japan and Taiwan.

And if you need cash right away, check if cash pickup is an option for transfers between Japan and Taiwan.

Mobile wallet services and payment apps like PayPal, Xoom, and CashApp are popular too, but they come with more limitations and higher costs compared to money transfer providers like OFX.

When you're sending or receiving money between Japan and Taiwan, you have to be ready to show some ID.

The exact documents you need might vary. Usually in Japan this will be a government ID like a passport or driver's license. This will be similar if you need to open an account or collect cash in Taiwan.

If you're making a big transaction between Japan and Taiwan, a provider may ask you for proof of address or may want to know where your money comes from.

OFX is a great option for sending from Japan as the sign up process is pretty straightforward, even for larger transactions.

When sending large amounts of money between Japan to Taiwan there will be tax implications to consider.

Some JPY-TWD transfers may need to be reported to tax authorities, particularly where inheritance or property sales are involved.

Tax limits and personal allowances differ in Taiwan based on age, income and a few other elements. When in doubt, please contact a tax professional in Japan or Taiwan to discuss your personal circumstances.