Currency

New Taiwanese dollar (NT$).

Daily Costs

Budget: NT$1800–2500

  • Dorm bed: NT$550–800
  • MRT: NT$30
  • Noodles and side dish: NT$80–120
  • Convenience store beer: NT$40
  • Temple admission: free

Midrange: NT$2500–5000

  • Double room in a hotel: NT$1400–2600
  • Lunch or dinner at a decent restaurant: NT$250–500
  • Car rental per day: NT$1800–2400
  • Gourmet coffee: NT$120–260
  • Soak in a private hot-spring room: NT$1000–1400

Top End: More than NT$5000

  • Double room at a four-star hotel: NT$4000–6000
  • Meal at a top restaurant: NT$800–1200
  • Ecotour guide per day: NT$4000–6000
  • Well-made tea pot: NT$3000–8000
  • Cocktail at a good bar: NT$280–350

Bargaining

Prices are generally marked on goods and bargaining is not common. However, in tourist and wholesale markets you may be able to shave off 10% or 20%, particularly if you buy several items.

Money

ATMs are widely available (except in villages), while credit cards are accepted at most midrange and top-end hotels and at top-end restaurants.

ATMs

ATMs are widely available at banks and convenience stores. 7-Elevens are on the Plus or Cirrus network and have English-language options. ATMs at banks are also on the Plus and Cirrus networks, and are sometimes on Accel, Interlink and Star networks. There may be limits on the amount of cash you can withdraw per transaction or per day (often NT$20,000 or NT$30,000).

Cash

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

The most widely accepted currency for foreign exchange is US dollars.

Credit Cards

Credit cards are widely accepted – cheap budget hotels, however, won't take them. If rooms cost more than NT$1000 a night, the hotel usually accepts credit cards but many homestays do not accept them. Small stalls or night-market food joints never take credit cards. Most midrange and top-end restaurants do, but always check before you decide to eat.

Exchange Rates

AustraliaA$1NT$24.29
Canada1C$NT$24.70
Europe€1NT$35.38
Japan¥100NT$30.31
New ZealandNZ$1NT$22.70
UKUK£1NT$42.17
USUS$1NT$31.98

For current exchange rates, see www.xe.com.

Money Changers

The best rates are given by banks. Note that not all banks will change money and many will only change US dollars. The best options for other currencies are Mega Bank and the Bank of Taiwan or money changers at the airport.

Hotels and some larger shopping malls may also change currency, but the rates are not as competitive.

Apart from at the airport there are few private money changers in Taiwan.

Tipping

Tipping is not customary in restaurants or taxis (but is still appreciated).

  • Hotels It is usual to tip the porter at better hotels (NT$100 is considered courteous).
  • Tour guides A 10% addition to the fee if you are happy with the service is common.
  • Restaurants & bars The 10% to 15% service charge added to bills at many establishments is not a tip that is shared with the staff.

Travellers Cheques

Not widely accepted. It is best if your travellers cheques are in US dollars.