Currency

New Taiwan Dollar (NT$)

Daily Costs

Budget: Less than NT$1500

  • Dorm bed: NT$400–800
  • Double room in a budget hotel: NT$1200–2000
  • Noodles or rice dish: NT$80–150
  • Public transport around the city: NT$80–150

Midrange: NT$2000–3000

  • Double room in a hotel: NT$3000
  • Lunch and dinner: NT$800–1000
  • Public transport and two short taxi trips: NT$300

Top end: More than NT$7000

  • Double room in a top-end hotel: NT$6000–12,000
  • Lunch and dinner: NT$3000
  • Two or three taxi trips: NT$400–600

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

Taiwan's currency is the New Taiwanese Dollar (NT$); you won't be able to use other currencies in Taipei.

ATMs

  • ATMs are widely available at banks, convenience stores, post offices and MRT stations, and almost always have the option of choosing English-language service.
  • Most ATMS are linked with Visa, MasterCard, JCB, Plus, Cirrus and American Express.
  • 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).

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 and bars Note that the 10% to 15% service charge added to bills at many establishments is not a tip that is shared with the staff.

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; hostels generally do not.
  • Small stalls and night-market food joints never take credit cards.
  • Most midrange to top-end restaurants do, but always check before you decide to eat.