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Compare Taiwan to Indonesia money transfers

Get the best deals when you send money from Taiwan to Indonesia. Find the best, cheapest, and fastest, providers for TWD to IDR transfers and exchange rates.

Read on for insights and expert information, and all you need to make money transfers to Indonesia from Taiwan.

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Our recommendation: Moneycorp

Moneycorp is our top choice for TWD to IDR transfers.

We tested & reviewed 5 money transfer providers offering money transfers from Taiwan to Indonesia, and Moneycorp scored highly.

In total, Moneycorp appeared in 39.3% of Taiwan to Indonesia searches, and was the top rated company supporting transfers between TWD and IDR.

For a great mix of cost, speed & features, we recommend making your Taiwan to Indonesia transfer using Moneycorp.

How to get the best deal on sending money from Taiwan to Indonesia

Summary of recent searches

Top rated for transfers from Taiwan to Indonesia
Moneycorp
Total number of TW - ID providers
5
Average cheapest fees & rate
Moneycorp
Average fastest transfer
Moneycorp
Average transfer time
Within minutes
Best for bank transfers
OFX
Best for debit card
Instarem
Best for credit card
Instarem

Considerations when sending from Taiwan to Indonesia

1
Compare providers

Comparing money transfer companies with services between Taiwan and Indonesia, based on your specific transfer amount and transfer needs, is the best way to send money at the best price.

For this route, we’ve compared 5 providers providing services between Taiwan and Indonesia. This ensures you will get the best options when sending Rupiah to Indonesia.

Over the last six months, we’ve picked Moneycorp as the best overall provider. However, comparing based on the amount you want to send to Indonesia will provide a specific provider that’s best for transferring money from Taiwan.

2
Understanding the New Taiwan Dollar-Rupiah exchange rate
3
Choose the right payment method
4
Financial regulations
5
Consider transfer limits
6
Receiving money from New Taiwan Dollar in Indonesia
7
Confirm the ID you need
8
Tax declarations

Cheapest way to transfer money from Taiwan to Indonesia: OFX

OFX offers the lowest cost transfers between Taiwan and Indonesia out of the 5 providers compared.

Our data shows OFX is 0% cheaper than the second-best option. The company offers an average fee of 0* TWD and an average exchange rate between TWD and IDR that is 1.86% different to the mid-market rate.

For a cheap way to send TWD to Indonesia, OFX is a great all round choice.

*The most common fee applied to TWD-IDR by OFX, based on data from the past six months.

Screenshot

Fastest money transfers to Indonesia from Taiwan: Moneycorp.

We tested 5 companies offering transfers from New Taiwan Dollar to Indonesia and Moneycorp offered the quickest options.

Through our research, we found Moneycorp to be the quickest way to send TWD into Rupiah in 33.8% of instances. For fast transfers between TWD and IDR, Moneycorp is generally a good option.

Money transfers from Taiwan to Indonesia through Moneycorp have an average fee of 0 TWD.

To confirm that Moneycorp was the 'fastest' option we compared 5 money transfer providers for overall speed of sending money from Taiwan to Indonesia. This was made up of depositing New Taiwan Dollar to a money transfer account and transfer times to Indonesia.

When sending quickly is a priority, Moneycorp is our recommended choice for sending into Indonesia from Taiwan.

Send large sums of money

Transferring bigger amounts of money from Taiwan to Indonesia should be done with the exchange rate and management of the service in mind.

Moneycorp offers the strongest all round option for large transfers of the
5 money transfer companies compared.

Whether for business or a property purchase, sending large amounts of money can be expensive if you get a bad exchange rate from Rupiah to Rupiah.

As such, opt for Moneycorp for sending large sums of money to Indonesia from Taiwan.

Understanding the cost of money transfers to Indonesia from Taiwan

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

The Mid-Market and Exchange Rates: The mid-market for TWD-IDR is 488.0709 IDR per New Taiwan Dollar.

Using a transfer company with an exchange rate as close to the mid-market rate as possible will result in being able to buy more Rupiah for your New Taiwan Dollars.

The TWD-IDR mid-market rate over the last three months has seen the New Taiwan Dollar worth an average 489.5465 IDR. Within this there has been a high of 509.6952, and a low of 474.0559.

From 5 companies compared, OFX offers the strongest exchange rates.

The biggest factor in the overall cost of sending money is the exchange rate you receive on converting TWD to IDR.

Fees: When sending money there may be additional fees. Moneycorp offers the lowest fee of the 5 providers tested, averaging 0 TWD per transfer over the last 6 months.

Amount Received: When comparing providers, the best measure is the amount of Rupiah eventually received in Indonesia.

This number should allow you to determine if you are getting a good deal. A higher amount of money received in Indonesia, means a better overall cost of sending money from Taiwan.

Track the exchange rate for New Taiwan Dollar to Rupiah

Sending money at the right time between TWD and IDR can make a huge difference to overall cost. The exchange rate impacts how much IDR you get for your TWD.

Mid-market Rate
1
= 488.070914 IDR

Over the last six months, the average numbers are:

  • The exchange rate from TWD to IDR averaged 489.5465 IDR.

  • The highest value recorded was 509.6952 IDR, while the lowest was 474.0559 IDR.

  • 5 providers currently offer transfers between Taiwan and Indonesia close to this rate

Want to secure the best TWD-Rupiah exchange rates?

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Funding your Taiwan to
Indonesia transfer

  • Bank transfers

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

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


    From the 5 we tested, the cheapest provider for bank transfers from TWD to Indonesia is OFX.

    With an average fee of TWD0 to send money from Taiwan to Indonesia, OFX offers a great combination of competitive exchange rates and lower fees.


  • Prepaid and debit cards

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


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

  • Credit cards

    Instarem is the best money transfer company of the 5 compared for credit card transfers from Taiwan to Indonesia

    Fee alert: using a credit card to transfer money can mean a fee being charged by your card issuer. 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 Indonesia and Taiwan.


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 Taiwan to Indonesia.


We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send TWD to IDR.


For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.

Money transfer company reviews

How much money can be transferred from Taiwan to Indonesia?
Are there any tax implications to sending money from Taiwan to Indonesia?
Can I send money from Taiwan to Indonesia with MoneyTransfers.com?
What are the typical transfer fees for sending New Taiwan Dollars to Indonesia through various providers?
How long does it take to send money from Taiwan to Indonesia?
What is the best exchange rate I can get for sending money from Taiwan to Indonesia?
Are there any minimum or maximum transfer amounts for sending money from Taiwan to Indonesia?
Can I schedule regular transfers between Taiwan and Indonesia?

Contributors

Keith Hodges
Keith is an experienced Content Specialist with a rich background in both marketing and journalism within the financial sector. At MoneyTransfers.com, Keith plays a pivotal role in driving the business forward and broadening its reach in various international money transfer markets. His expertise is a key factor in the company's expansion and success.
Luke Eales
Luke is CEO at MoneyTransfers.com, with 10 years' experience building consumer products in finance, insurance & travel. Luke focuses on the payments sector and foreign exchange markets, as well as personal finance more broadly.