Sell Taiwan dollars for British pounds

Right now the best Taiwan dollar to pound buy back rate is 39.6999 based on our live comparison of 5 UK currency suppliers. At this rate, 1 Taiwan dollar is worth £0.03. Today's worst Taiwan dollar buy back rate is 44.8600 (£0.02 per Taiwan dollar).

There is 11.5% difference between today's best and worst rates which means if you sold $5000 right now you'd get £14.49 more by going with the best offer.

The best time to sell Taiwan dollars is when the Taiwan dollar is performing strongly relative to the pound. That's the technically-correct answer, but it's not very helpful. What people really want to know is: how can I time the market just right to maximise the value of my Taiwan dollars when I sell them?

You can get a good idea of how competitive today's Taiwan dollar buy back rate is relative to the past using our historical Taiwan dollar to pound charts, but beyond that it's impossible to say exactly when you should sell. If historical data shows that the buy back rate is poor right now, you can choose to hold on to your Taiwan dollars for a future holiday or to sell at a later date. Otherwise, don't worry about trying to time the market; just sell whenever is most convenient for you and enjoy the money!

We found 5 currency suppliers in the UK who are exchanging Taiwan dollars to pounds right now. The best Taiwan dollar buy back rate is 39.6999 which is being offered by Travel FX. At this rate, $5000 would be worth £125.94 if you sold right now.

You cannot deposit Taiwan dollars directly into a UK bank account, but if you sell your Taiwan dollars online with any of our buyers they will automatically convert your currency into British pounds and deposit them into your UK bank account so you can withdraw or spend them as usual.

If you want to receive or transfer Taiwan dollars from one bank account to another, check out our money transfer comparisons for live transfer rates.

Most bureau de change will not buy back Taiwan dollar coins because they are heavy to transport and difficult to exchange at the bank. If you're stuck with a bunch of change that you can't get rid of, consider keeping hold of it for a future holiday or donate it to a charity of your choice who will be glad to receive any coins regardless of value.

When posting your Taiwan dollars you should use Royal Mail's Special Delivery service which is fully insured and guaranteed to arrive on the next working day. Packages sent by Special Delivery go through a more secure process than regular mail and can be tracked from the moment they enter the system right up to the point of delivery where they must be signed for by the supplier. It is very rare for Royal Mail to lose a Special Delivery package, but in the unlikely event this does happen Royal Mail will refund you the entire insured amount plus postage costs. You can also reclaim your postage costs if Royal Mail do not deliver your currency on time.

When you purchase Special Delivery you'll be given an option to insure your package for up to £2,500 and you'll be presented a receipt which contains a tracking number and proof of postage. If you are sending more than £2,500 worth of Taiwan dollars, you can split them up into multiple packages and insure each package for an appropriate amount.

The cost of Special Delivery varies depending on the amount you've insured the package for, but we estimate this cost for you in our comparison results above. You should ensure that your Taiwan dollars are securely packaged before you post them; we recommend you use a plastic tamper-proof envelope that you can obtain from the Post Office when you purchase Special Delivery. If you are in any doubt, just ask the Post Office clerk to check your package before you send it and they will advise you on whether it is suitably packaged and insured.

For orders sent by post you'll be paid by Bank Transfer within 3 working days from the day you currency is received. For orders exchanged in person you'll be paid immediately in cash.

The Taiwan dollar buy back rate you receive will be the prevailing rate on the day your currency is received. This rate does not usually change significantly from day to day but it does mean you may receive slightly more or slightly less than the amount quoted today.

If you're unhappy with the final amount received, you can arrange to have your currency returned minus postage costs.

Every so often, a country will update its currency and issue a new set of notes or coins whilst simultaneously withdrawing the old ones. The withdrawn currency is usually accepted for a while after the issue of the new currency to allow a for graceful transition to take place, but eventually the old currency will cease to become legal tender. Once this happens, the old currency cannot usually be exchanged.

If you're unsure whether the Taiwan dollars you have can still be exchanged, we recommend you contact the buyer beforehand and they will gladly help you to determine whether your notes can be accepted.