Convert New Taiwan Dollar to Korean Won
Convert New Taiwan Dollars (TWD) to Korean Won (KRW) at the mid-market rate, so you can instantly tell what those Taipei and Kaohsiung night-market price tags cost in won.
🔒 Unit conversions are computed in your browser (exchange rates via public API only).
What drives the Taiwan dollar
The New Taiwan dollar (NT$) leans heavily on the island's central bank policy and on its semiconductor-led export cycle, with TSMC at the center. As a trade-surplus, export-driven economy, Taiwan tends to see a firmer currency when chip demand is strong, and a softer one when the US dollar rallies broadly or cross-strait tensions flare. Keep in mind the figure here isn't TWD against the dollar but its value converted into won, so a stronger or weaker won moves the number too. When a strong TWD and a weak won line up, local prices simply feel pricier in Korean money.
Reading night-market prices in won
One Taiwan dollar is worth only a few dozen won, so multiplying a local price by the rate gives you a quick feel for it. If 1 TWD were about 43 won, a piece of Shilin fried chicken at 80 TWD would run roughly 3,400 won and a bubble tea at 60 TWD about 2,600 won. A sit-down meal at 150-250 TWD lands somewhere around 6,500-10,000 won, but always confirm the exact figure with the live rate on screen. Handily, Taiwan's coins and notes sit in a similar digit range to Korea's, so you won't be counting zeros the way you would with the Vietnamese dong.
Why the screen rate differs from what you actually pay
The number on this page is the mid-market rate, before banks and card issuers add their spread and fees, so an actual exchange or purchase usually costs a bit more. Taiwan still runs largely on cash, so many night-market stalls and small shops don't take cards, and an EasyCard (悠遊卡) is the smooth way to pay for transit and convenience stores. When you do use a card, choose to be billed in TWD to dodge dynamic currency conversion fees. Exchange spreads are often thinner at local banks such as Bank of Taiwan than back home, so it can pay to change only a little in advance and handle the rest on the ground.
Frequently asked questions
Is the rate shown here the same as what I actually exchange at?
No. What you see is the mid-market rate, before any spread is applied. Banks, exchange counters, and card issuers add their own margin and fees, so your real exchange or payment amount will be somewhat higher or lower. The gap tends to be widest at airport counters and for physical cash exchange.
Where does this Taiwan dollar rate come from?
The New Taiwan dollar isn't a currency quoted by the Export-Import Bank of Korea, so this tool uses a mid-market rate based on public exchange-rate data. A server pulls the value once per business day and caches it as a static file that visitors read, so it isn't a live, second-by-second quote. On weekends and holidays there's no new update, so the last business day's value stays in place, with the reference date shown on screen.
Should I convert won to Taiwan dollars before my trip?
It depends. Changing won straight into NT dollars in Korea often carries a thick spread, so it can be smarter to bring just enough for your first hours and change the rest at a local bank in Taiwan. Since you'll still need cash for night markets and transit, keep some small notes on hand, and put larger spending on a low-fee card billed in TWD for easier tracking.