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Send money from Taiwan to Nigeria
"Western Union agents help you send money from a wide variety of countries. Find a local branch near you to deposit cash and send your funds abroad."
"With MoneyGram you can send money globally. Find a local MoneyGram branch near you to deposit and send cash abroad."
"If you and the person you are sending money to both have PayPal apps, you can quickly and easily send money between each other."
Alternative for Taiwan to Nigeria
While you can’t send TWD to NGN with Wise, you can transfer USD to USD.
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
In our experience, there are always efficiencies to be made in how businesses manage international payments in and out.
Why not take our free FX health check test to see how effective your business is in managing these. It only takes a couple of minutes.
The best way to send money from Taiwan to Nigeria is using PayPal P2P transfer service.
With P2P transfers, if you and your recipient both have the PayPal app, you can send money between them.
You will initiate the transfer in TWD and your recipient will receive the NGN into their PayPal account.
The downside of this, is that PayPal charges higher fees and the withdrawal options can be limited depending.
How to get the best deal on sending money from Taiwan to Nigeria
Always compare rates
Don't pay more than you have to. Use our live comparison tool to make sure you aren't missing the best rates to send money from Taiwan to Nigeria.
Choose a provider
Select the provider that offers you the best value on buying NGN & service for your needs.
Click, sign up & send
Follow the steps & make your transfer. Your funds will soon be on their way to your chosen country & currency.
Summary of recent searches
Sending money from Taiwan to Nigeria considerations
Compare providers
A comparison of providers offering services between Taiwan and Nigeria is the easiest way to ensure the best deal.
We've compared 3 providers that offer services for sending New Taiwan Dollar to Nigeria.
This ensures you will get the best options for your transfer to Nigeria from Taiwan.
Whilst we rate Western Union Agent as the best overall, comparing gives you a comprehensive view of all the options for transferring money from Taiwan to Nigeria.
Get the most from the New Taiwan Dollar-Naira exchange rate
Choose the right payment method
Financial regulations in Taiwan and Nigeria
Consider transfer limits
How to receive money
Have your ID ready
Tax declarations
The cheapest way to send money to Nigeria from Taiwan is to send cash via Western Union Agent.
Generally speaking, sending cash is more expensive than using the online transfer, however, after looking at 100+ money transfer companies, there aren’t many options servicing TWD/NGN.
The main cost is made up of the fee (around 3 TWD) and the exchange rate markup added on top.
However, this heavily depends on which branch you use, and how much TWD you are sending.
The fastest way to send money to Nigeria from Taiwan is to use cash transfer via MoneyGram Agent
In most cases cash transfers with MoneyGram are instant, and your recipient will be able to collect NGN in minutes.
However, depending on how much you send, it can take a bit longer (up to a day) due to the processing time.
With the limited number of money transfer companies servicing TWD/NGN, cash transfer with MoneyGram is the fastest way.
Sending a large amount of money?
Of the 3 providers compared, Western Union Agent is the best rated for higher transfer amounts.
Sending large amounts of money can be expensive, and while Western Union Agent may not always be the fastest or cheapest way to send money from Taiwan to Nigeria, it's a great provider for things like buying or selling property.
Understanding the cost of money transfers to Nigeria from Taiwan
The total cost of sending money to Nigeria 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-NGN is 46.2722 NGN 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 Naira for your New Taiwan Dollars.
The TWD-NGN mid-market rate over the last 7 days has seen the New Taiwan Dollar worth an average 46.5962 NGN. Within this there has been a high of 47.1313, and a low of 46.2335.
From 3 companies compared, Western Union Agent 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 NGN.
Fees: When sending money there may be additional fees. Western Union Agent offers the lowest fee of the 3 providers tested, costing 3 TWD per transfer (based on NT$7,800 transferred).
Amount Received: When comparing providers, the best measure is the amount of Naira eventually received in Nigeria.
This number should allow you to determine if you are getting a good deal. A higher amount of money received in Nigeria, means a better overall cost of sending money from Taiwan.
Track the exchange rate for New Taiwan Dollar to Naira
Sending money at the right time between TWD and NGN can make a huge difference to overall cost. The exchange rate impacts how much NGN you get for your TWD.
Over the last 7 days, the average numbers are:
The exchange rate from TWD to NGN averaged 46.5962 NGN.
The highest value recorded was 47.1313 NGN, while the lowest was 46.2335 NGN.
3 providers currently offer transfers between Taiwan and Nigeria close to this rate
Want to secure the best TWD-Naira exchange rates?
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Payment methods for Taiwan to Nigeria transfers
Bank transfers
Bank transfers are often the fastest option, and normally the cheapest, for sending money from Taiwan to Nigeria.
By opting for a money transfer company such as Western Union Agent for transfers from Taiwan to Nigeria, you can send money via a bank transfer while benefiting from lower fees and more favorable exchange rates.
On average, Western Union Agent is the cheapest provider for bank transfers from the 3 we tested when sending TWD to Nigeria.
With a fee of TWD3 to send money from Taiwan to Nigeria, Western Union Agent offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid card payments
Using a debit card, or prepaid option, for sending money from Taiwan to Nigeria is easy with Western Union Agent.
Western Union Agent is a market leader in debit card payments for transfers from Taiwan to Nigeria, this is among a total of 3 money transfer companies compared.
Credit cards transfers
When it comes to the credit card deposits, when sending money from Taiwan to Nigeria, we recommend comparing your options to get the best deal.
Fee alert: credit card money transfers often result in a cash advance fee being charged by your card issuer. We recommend bank transfer or debit card where possible.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Nigeria 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 Nigeria.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send TWD to NGN.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy and review methodology.
Money transfer company reviews
