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Whether you're about to travel, study, or settle down in Taiwan, you might be looking to exchange currency to make shopping and payments more convenient. If you're wondering where to exchange Taiwanese currency at the highest rates and legally, then read on for valuable insights.
High-Rate Currency Exchange for Taiwanese Dollars
Where to Exchange Taiwanese Currency for Top Rates Legally?
1. Currency Exchange at Banks
All banks in Vietnam, such as Techcombank, Vietcombank, Agribank, BIDV, ACB, provide Taiwanese currency exchange services, ensuring legal compliance. Exchanging currency at banks is a secure option, exempt from legal penalties. However, the buying and selling rates at banks are lower compared to other currency exchange locations. Each bank may have different exchange rates, so consider carefully to find the highest-value place for exchanging Taiwanese currency.
Exchange rates fluctuate daily, and these rates are publicly listed by banks each day. You can visit the websites of banks or go to the bank to check and compare exchange rates. Choose a bank with the highest exchange rate for Taiwanese currency to get the best value during conversion.
Not only do they offer lower exchange rates compared to other places, but the currency exchange procedures are also cumbersome. For instance, if you're traveling, you need to provide round-trip flight tickets, insurance papers, which consumes a lot of time. On the contrary, when exchanging Taiwanese currency at the bank, you can rest assured about its legality, eliminating the worry of receiving counterfeit money.
2. Currency Exchange at Stores and Legal Foreign Exchange Shops
As you may know, exchanging currency at unauthorized stores or gold shops without a business license is illegal. If caught, individuals may face administrative fines ranging from 80 to 90 million VND, and the exchanged amount will be confiscated. For stores and gold shops, the penalty is much higher, ranging from 500 to 600 million VND. Therefore, before exchanging currency, ensure that the store or gold shop provides a permit for foreign currency exchange to guarantee its legality.
Where to Exchange Taiwanese Currency in Ho Chi Minh City?
* Ho Chi Minh City (TPHCM): If you reside in Ho Chi Minh City, you can exchange currency at various gold shops located on Le Thanh Ton Street (District 1) and Le Van Sy Street (District 3), in addition to banks.
* Hanoi: When it comes to currency exchange locations in Hanoi, it's impossible not to mention Hà Trung Street.
Note: Before exchanging, keep updating the exchange rate for 1 Taiwanese Dollar regularly to know its equivalent in Vietnamese Dong and the timing when the rate is high for the most advantageous exchange.
With the hope that the shared information above has been helpful, and you now know where to exchange Taiwanese currency legally and at the best rates. If you're in Japan and looking for places to exchange yen at a high rate, refer to our article on where to exchange yen that we have introduced.
