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Money and costs

Currency
New Dollars (NT$)
Exchange Rates
Rates provided by Open Exchange Rates. Last updated December 22, 2014 15:43
Budget up to
NT$1800–2500
  • Dorm bed: NT$400–700
  • Tourism Shuttle Buses: NT$50–100 per day pass
  • MRT: NT$30 per average ride
  • Decent coffee: NT$30–60 per cup
  • Multiday bike rental: NT$300–400 per day
  • Steamer of dumplings: NT$80–120
  • Taiwan beer can from convenience store: NT$40
  • Admission to temples: free
Midrange
NT$2500–5000
  • Double room in a hotel or B&B: NT$1400–2600
  • Lunch or dinner at a decent local restaurant: NT$250–500
  • Scooter/car rental: NT$300–600/1800–2400 per day
  • Short taxi trip: NT$140
  • Gourmet coffee: NT$180–260 per cup
  • Soak in a private hot-spring room: NT$1000–1400 per 90 minutes
  • Good bowl of beef noodles: NT$180
  • Beer at a decent pub or bar: NT$120–220
Top end over
NT$5000
  • Double room at a four-star hotel: NT$4000–6000
  • Hotel restaurant meal: NT$500–1200
  • Ecotour guide: NT$4000–6000 per day
  • Well-made tea pot: NT$3000–8000
  • Cocktail at a good bar: NT$280–350

Taiwan's currency is the New Taiwanese Dollar (NT$). Bills come in denominations of NT$100, NT$200, NT$500, NT$1000 and NT$2000. Coins come in units of NT$1, NT$5, NT$10, NT$20 (rare) and NT$50. Taiwan uses the local currency exclusively.

Tipping

Tipping is not customary in restaurants or taxis (but is still appreciated). It is usual to tip the porter at better hotels (NT$100 is considered courteous). Many foreigners tip at better bars and clubs so staff may expect this. Note that the 10% service charge added to bills at many restaurants is not a tip to be shared with the staff.