What is the currency used in Taipei?
Taipei is the capital of Taiwan, a small island nation located off the southeast coast of mainland China. As with any global city, different currencies are used in Taipei depending on who you are buying from and where they are located.
The official currency of Taiwan is the New Taiwan Dollar (NT$). The currency code is TWD and it is sometimes referred to as the YUAN or Yuan. You will see this currency symbolized with the NT$ alongside the numbers in prices. However, due to Taipei’s location on the international stage, you will also see prices in US dollars, Japanese yen, Renminbi (Chinese yuan), and Korean won.
When travelling to Taipei for business or leisure, it’s a good idea to familiarise yourself with the various currencies and exchange rates.
Below you can find an overview of all the currencies used in Taipei.
Overview: Currency Types Used in Taipei
| Currency Code | Currency Name | Symbol | Notes |
|---|---|---|---|
| TWD | New Taiwan Dollar | NT$ | Official Currency of Taiwan. |
| USD | US Dollar | $ | Most commonly seen currency for tourists. |
| JPY | Japanese Yen | ¥ | Some vendors in Taipei will also accept Japanese Yen. |
| CNY | Chinese Yuan (Renminbi) | ¥ | Not commonly accepted outside of Taiwan. |
| KRW | Korean Won | ₩ |
As you can see from the table, New Taiwan Dollars (TWD) are the official currency of Taipei, followed by US Dollars (USD). Some vendors may accept Japanese yen (JPY) and Chinese yuan (CNY), but it is not common. Korean won (KRW) is rarely accepted.
If you plan to visit Taipei, it is always a good idea to exchange some local currency for your travelling needs. Most major currencies can be exchanged at banks, post offices or dedicated foreign exchange agencies such as Evertrust Bank. However, it is usually more convenient and secure to obtain New Taiwan Dollar before you arrive in Taipei. You can use the XE currency converter website, to check the current exchange rate and get an indication of how much currency you will receive when exchanging funds.
On Arrival at Taipei International Airport you will find a number of money exchanges and ATM’s where you can withdraw New Taiwanese Dollar from your account. The ATMs at the airport are generally International ATMs so be sure to choose English as your language setting. As always make sure you turn off your daily withdrawal limit on your ATM card before travelling overseas as this can save you from some potentially difficult situations.
Overall, when considering the currency used in Taipei, the main type used is the New Taiwan Dollar (TWD). Before travelling, make sure you research the current exchange rate for US Dollars, as well as any other foreign currencies you may have. This will ensure that you are aware of how much you are spending during your stay in Taipei.
Insider’s Guide to Taipei: Everything You Need to Know
Taipei, the capital city of Taiwan, is an intriguing blend of Eastern and Western cultures. From its towering skyscrapers to traditional temples and night markets, Taipei is a city that has something for everyone. In this insider’s guide, we’ll provide you with all the information you need to make the most of your visit to Taipei.
Local Attractions
Taipei 101, once the world’s tallest building, is a must-visit for tourists. The tower boasts an observation deck with stunning views of Taipei and the surrounding mountains. Another highlight of the city is the National Palace Museum, which houses an extensive collection of Chinese art and artifacts. For nature lovers, Yangmingshan National Park and Elephant Mountain offer hiking trails and breathtaking scenery.
Dining Spots
No visit to Taipei is complete without trying the city’s famous night markets. Shilin Night Market offers a variety of street food, from stinky tofu to bubble tea, while Raohe Street Night Market is known for its pork pepper buns. For those seeking a more upscale dining experience, Din Tai Fung is famous for its xiao long bao (soup dumplings), which have earned it a Michelin star.
Cultural Experiences
One of Taipei’s most beloved cultural experiences is visiting Longshan Temple. The temple, which dates back to the 18th century, is dedicated to a mixture of Buddhist, Taoist, and Confucian deities. Another way to immerse yourself in Taipei’s culture is to visit one of its many museums, such as the Museum of Contemporary Art or the Taipei Fine Arts Museum.
Local History
Taipei has a rich history that is worth exploring. The Chiang Kai-shek Memorial Hall, built in memory of Taiwan’s former president, is a grand architectural masterpiece that offers a glimpse into the country’s past. For those interested in the Japanese occupation of Taiwan, the 228 Peace Memorial Park and Museum is a sobering reminder of the country’s tumultuous history.
Off-the-Beaten-Path Suggestions
For those looking to explore beyond the typical tourist destinations, Taipei has plenty to offer. Visitors can take a dip in the hot springs of Beitou, a suburb of Taipei known for its geothermal activity. Another unique attraction is the Shenkeng Old Street, where visitors can taste the city’s famous stinky tofu and watch it being made. Lastly, the Maokong Gondola offers a bird’s eye view of the city and is an excellent way to see Taipei’s lush greenery.
In conclusion, Taipei is a city that boasts a unique blend of ancient and modern culture, making it a must-visit destination in Asia. With plenty of attractions, dining options, cultural experiences, and off-the-beaten-path suggestions, Taipei has something for every traveler.
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