US Dollar
Euro
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Australian Dollar
Singapore DollarThe currency of Taiwan
New Taiwan
DollarTWD
The currency of Taiwan is the New Taiwan dollar (TWD), written NT$ and issued by the Central Bank of the Republic of China (Taiwan). Everyday money starts at NT$1, and one New Taiwan dollar costs ₹3.12 at our selling rate right now.
- Code
- TWD
- Symbol
- NT$圓
- Smallest unit
- 1 NT$
- In use since
- 1949
What is the currency of Taiwan?
The currency of Taiwan is the New Taiwan dollar, code TWD, written NT$. It is also called the Taiwan dollar, the NT dollar or NTD, and people say kuai in speech. The Central Bank of the Republic of China (Taiwan), in Taipei, issues the banknotes, as it has since July 2000; before that the Bank of Taiwan issued NT dollars, from their introduction on 15 June 1949. On 5 Oct 2026, one New Taiwan dollar was worth about ₹3.12 at our selling rate. A quote in TWD currency always means this dollar and not the US dollar, which is a separate currency at a different value.
New Taiwan Dollar at a glance
- Currency
- New Taiwan dollarOften called the NT dollar, and kuai in speech
- Code
- TWDNumeric code 901; some guides write NTD
- Symbol
- NT$Also written $, and 圓 or 元 in Chinese
- Subunit
- None in daily useThe jiao (a tenth) and fen (a hundredth) are used only in stock and currency dealing
- Issuer
- Central Bank (Taiwan)Based in Taipei; it has issued the notes itself since July 2000
- Introduced
- 15 June 1949One new dollar replaced 40,000 old Taiwan dollars
- Exchange rate
- Shown in rupeesSee the selling rate and its time stamp on this page
- Used in
- Taiwan
- Banknotes
- NT$100, 200, 500, 1,000 and 2,000The fifth series, issued from 2000 to 2002; the NT$200 and NT$2,000 are rarely seen
- Coins
- NT$1, 5, 10 and 50The four coins in everyday use
Taiwan currency notes and coins
New Taiwan dollars come as five banknotes and four coins in everyday use. The notes are the fifth series, which the central bank began issuing on 3 July 2000 and completed by 2002, in red, green, brown, blue and purple; the NT$200 and NT$2,000 are rarely seen. A redesign of all five notes was announced on 24 October 2025, but the notes below are the series in use today. Each note is shown with what it costs in rupees at our selling rate today.
- Central Bank of the Republic of China (Taiwan)One hundred dollarsNT$100
One hundred dollars NT$100
≈ ₹311.92 today- Colour
- Red
- Front
- Sun Yat-sen
- Back
- The Chung-Shan Building
- Central Bank of the Republic of China (Taiwan)Two hundred dollarsNT$200
Two hundred dollars NT$200
≈ ₹623.84 today- Colour
- Green
- Front
- Chiang Kai-shek
- Back
- The Presidential Office Building in Taipei
- Central Bank of the Republic of China (Taiwan)Five hundred dollarsNT$500
Five hundred dollars NT$500
≈ ₹1,559.60 today- Colour
- Brown
- Front
- Youth baseball
- Back
- A Formosan sika deer and Dabajian Mountain
- Central Bank of the Republic of China (Taiwan)One thousand dollarsNT$1000
One thousand dollars NT$1,000
≈ ₹3,119.20 today- Colour
- Blue
- Front
- Schoolchildren
- Back
- A Mikado pheasant and Jade Mountain (Yushan)
- Central Bank of the Republic of China (Taiwan)Two thousand dollarsNT$2000
Two thousand dollars NT$2,000
≈ ₹6,238.40 today- Colour
- Purple
- Front
- The FORMOSAT-1 satellite
- Back
- A Formosan landlocked salmon and Nanhu Mountain
Coins, in NT$
Everyday coin lists show four coins: NT$1, 5, 10 and 50. Travel guides advise carrying small notes and coins for night markets and small shops.
- 11 dollar
≈ ₹3.12 - 55 dollars
≈ ₹15.60 - 1010 dollars
≈ ₹31.19 - 5050 dollars
≈ ₹155.96
Sources: Wikipedia, fifth series of the New Taiwan dollar banknote and "New Taiwan dollar", which agree on colours, fronts and backs. Rupee values at our selling rate, 10:25 AM IST, 5 Oct 2026.
A village team of children wins
Youth baseball on a banknote
An announcement, not a new note
Youth baseball on a banknote
The brown NT$500 note shows youth baseball on its front, part of Taiwan's youth baseball tradition. One match from that tradition is remembered: in 1968 a team of children from Red Leaf village, in Taitung, beat a visiting Japanese youth team 7 to 0.
Red Leaf beat a Japanese team
A team of children from Red Leaf village, in Taitung, beats a visiting Japanese youth team 7 to 0.
Youth baseball on the NT$500
The brown NT$500 note is issued in 2000 as part of the fifth series, with youth baseball on its front. It shows Taiwan's youth baseball tradition; no source we read says it shows the Red Leaf team.
All five notes to be redesigned
The central bank's governor, Yang Chin-long, tells the legislature's Finance Committee that all five notes will be redesigned. Coins are not part of the plan.
The notes in your wallet stay in use
The announcement changes nothing in your wallet today. The Taipei Times reported that old and new notes would circulate together for years, and that the NT$200 and NT$2,000 denominations are kept.
Sources: The Reporter (Taiwan), on the Red Leaf team; Wikipedia, "Taitung Red Leaves"; Wikipedia, "Fifth series of the New Taiwan dollar banknote" and "New Taiwan dollar", on the NT$500; Taipei Times, 24 October 2025, and Taiwan News, on the redesign.
A small unit with big-looking prices
One New Taiwan dollar is worth only a few rupees, so Taiwanese prices run into the hundreds and thousands. Cash is still widely used, so it helps to know the notes before you land.
Prices look big, rupees are small
A NT$1,000 note is far fewer rupees than the number suggests. The note table above shows every note in rupees at our selling rate.
Cash is still widely used
Travel guides say many places are cash only, from restaurants to night markets and bubble tea stalls, and that small shops expect small notes and coins.
Two notes you will rarely see
The NT$200 and NT$2,000 are rarely seen, so day to day you will handle the NT$100, NT$500 and NT$1,000 notes and the coins.
One unit in rupees · our selling rate, 5 Oct 2026
The New Taiwan dollar since 1949
Taiwan has counted in New Taiwan dollars since 1949, and its money has changed a great deal since, from coins and yen to the five-note series in use today. What changed along the way, in seven entries.
- EntryTaiwan
The Taiwanese yen
The Taiwanese yen is the money of Taiwan from 1895. Before it came the Spanish dollar and silver sycee.
- EntryTaiwan
The old Taiwan dollar
The old Taiwan dollar comes into use. Three years later the NT dollar replaces it.
- EntryTaiwan
The NT dollar begins
On 15 June the Bank of Taiwan introduces the NT dollar, one new dollar for 40,000 old Taiwan dollars, to stop hyperinflation.
Launch - EntryTaiwan
New coins
The NT$1 and NT$5 coins, both still in everyday use, enter circulation.
- EntryTaiwan
The central bank issues the notes
On 3 July the central bank begins issuing the fifth series of notes itself. Before that the Bank of Taiwan had issued NT dollars, from 1949 to 2000.
New notes - EntryTaiwan
The fifth series is complete
The five notes are issued between 2000 and 2002. The brown NT$500, with youth baseball on its front, comes in 2000.
- EntryTaiwan
A redesign is announced
On 24 October the governor tells the legislature's Finance Committee that all five notes will be redesigned. Coins are not included, and the NT$200 and NT$2,000 denominations are kept.
Announced
Sources: Wikipedia, "New Taiwan dollar", "Fifth series of the New Taiwan dollar banknote" and "Central Bank of the Republic of China (Taiwan)"; Taipei Times, 24 October 2025, and Taiwan News, on the redesign.
New Taiwan dollars and rupees side by side
Worked out at our selling rate at 10:25 AM IST on 5 Oct 2026. For the live rate on any amount, use the TWD to INR or INR to TWD converter.
| You pay | You get |
|---|---|
| ₹5,000 | NT$ 1,603 |
| ₹10,000 | NT$ 3,206 |
| ₹25,000 | NT$ 8,015 |
| ₹50,000 | NT$ 16,030 |
| ₹1,00,000 | NT$ 32,060 |
| ₹2,00,000 | NT$ 64,119 |
| You buy | It costs |
|---|---|
| NT$ 100 | ₹311.92 |
| NT$ 500 | ₹1,559.60 |
| NT$ 1,000 | ₹3,119.20 |
| NT$ 2,000 | ₹6,238.40 |
| NT$ 5,000 | ₹15,596.00 |
| NT$ 10,000 | ₹31,192.00 |
Spending New Taiwan dollars in Taiwan
Three things about Taiwanese money that help on the first day.
Carry small notes and coins
Travel guides say many places in Taiwan are cash only, such as restaurants, night markets and bubble tea stalls, and that small shops take cash widely. A NT$100 note is about ₹311.92, a NT$500 note about ₹1,559.60 and the NT$1,000 note about ₹3,119.20.
NT$100 ₹311.92 · NT$500 ₹1,559.60Cards in bigger places, ATMs for cash
Visa, Mastercard, JCB and UnionPay are accepted in hotels, department stores and chain restaurants, and much less in small places. ATMs are widely available and take foreign cards, so ask your bank about its overseas withdrawal fee before you fly.
Visa · Mastercard · JCB · UnionPayThe EasyCard for transport
The EasyCard is a reloadable contactless card for buses, the MRT, trains and bikes, and it pays in convenience stores too. Travel guides point visitors to it for getting around.
Bus · MRT · Train · BikesTaking New Taiwan dollars from India
The Reserve Bank of India's rules apply to every currency, and the New Taiwan dollar is no exception.
Up to the equivalent of USD 3,000 per trip can leave India as New Taiwan dollar notes. The rest goes on a forex card or as a bank transfer.
Every resident can send up to USD 250,000 abroad each financial year under the Liberalised Remittance Scheme, travel included.
Tax collected at source applies once your foreign-exchange purchases in a financial year cross ₹10 lakh: nil when an education loan pays, 2% for self-funded education and medical treatment, and 20% for travel and everything else. It is credited against your income tax when you file.
New Taiwan dollars are available on request. Send your amount and the desk confirms availability and your exact rate before anything is booked.
Check availability→New Taiwan dollar questions
The questions people type about the New Taiwan dollar, answered in full, in three groups.
The basics
7 questionsWhat is the currency of Taiwan?
The currency of Taiwan is the New Taiwan dollar, code TWD, issued by the Central Bank of the Republic of China (Taiwan) in Taipei. Its five banknotes show places, wildlife and a satellite, and the everyday coins start at NT$1.
What is the full form of TWD in currency?
TWD stands for Taiwan Dollar, the ISO 4217 code of the New Taiwan dollar: TW is for Taiwan and D is for dollar, and its numeric code is 901. That is the TWD full form and the TWD currency full form alike, and some guides also write NTD for the same money.
What is the Taiwan currency symbol?
The Taiwan currency symbol is NT$, written before the amount, as in NT$2,000. The plain $ is also used, and in Chinese the unit is written 圓 or 元, both read yuan. Many countries use dollars, so NT$ makes clear which dollar is meant.
Taiwan ki currency kya hai?
Taiwan ki currency New Taiwan dollar (TWD) hai, jise Taiwan dollar bhi kehte hain. Iska symbol NT$ hai, aur 5 Oct 2026 ko ek New Taiwan dollar lagbhag ₹3.12 ka tha, hamare selling rate par. Roz ke istemal ka sabse chhota sikka NT$1 ka hai.
What is the Taiwan currency name?
The Taiwan currency name is the New Taiwan dollar, often shortened to Taiwan dollar, NT dollar or NTD. It is also searched as Taiwanese dollar, Taiwan money or TWD currency, and all of these mean the same dollar. In Chinese it is written 圓 or 元, both read yuan, and in speech people say kuai; the US and Hong Kong dollars are separate currencies.
How many fen make one New Taiwan dollar?
On paper one New Taiwan dollar is divided into 10 jiao or 100 fen, but both are used only in stock and currency dealing. Everyday coin lists start at NT$1.
Who issues the New Taiwan dollar?
The Central Bank of the Republic of China (Taiwan), in Taipei, issues the banknotes, and it has done so itself since July 2000. Before that the Bank of Taiwan issued NT dollars, from 1949 to 2000.
Value and history
5 questionsWhen was the New Taiwan dollar introduced?
The Bank of Taiwan introduced the NT dollar on 15 June 1949, at one new dollar for 40,000 old Taiwan dollars, to stop hyperinflation. Before it Taiwan had used the Spanish dollar and silver sycee, then the Taiwanese yen from 1895 and the old Taiwan dollar from 1946.
Which banknotes does Taiwan use?
Five notes of the fifth series, issued between 2000 and 2002: the NT$100 (red), NT$200 (green), NT$500 (brown), NT$1,000 (blue) and NT$2,000 (purple). The NT$200 and NT$2,000 are rarely seen, so most cash is in NT$100, NT$500 and NT$1,000 notes.
Who and what is on the New Taiwan dollar notes?
Sun Yat-sen is on the NT$100 and Chiang Kai-shek on the NT$200, while the NT$500 shows youth baseball, the NT$1,000 schoolchildren and the NT$2,000 the FORMOSAT-1 satellite. The backs show the Chung-Shan Building, the Presidential Office Building in Taipei, a Formosan sika deer with Dabajian Mountain, a Mikado pheasant with Jade Mountain (Yushan) and a Formosan landlocked salmon with Nanhu Mountain.
Is Taiwan changing its banknotes?
It has announced a redesign. On 24 October 2025 the central bank's governor told the legislature's Finance Committee that all five notes will be redesigned, with coins not included, and the NT$200 and NT$2,000 denominations are kept. That is an announcement, not an issue: the notes on this page are the ones in use today.
Are old Taiwan banknotes still valid?
The notes in use today are the fifth series, and the redesign announced for them has not replaced them. The Taipei Times reported that old and new notes would circulate together for years. For notes from before the fifth series, check with a bank first.
Buying from India
5 questionsCan I use my card or an ATM in Taiwan?
Visa, Mastercard, JCB and UnionPay are accepted in hotels, department stores and chain restaurants, and much less in small places, so cash still does most of the work. ATMs are widely available and take foreign cards; ask your bank about its overseas withdrawal fee before you fly.
What is the EasyCard?
The EasyCard is a reloadable contactless card for buses, the MRT, trains and bikes, and it also pays in convenience stores. Travel guides point visitors to it for getting around.
What is the India link to the New Taiwan dollar?
The link is people rather than currency. The Taipei Economic and Cultural Center (TECC) has offices in New Delhi, Chennai and Mumbai, and Taiwan's Ministry of Education counted about 1,500 Indian students in Taiwan in 2025, as reported by The PIE News.
How much Taiwan currency can I take out of India?
Up to the equivalent of USD 3,000 per trip in currency notes. Anything above that goes on a forex card or as a bank transfer, all within the USD 250,000 a year Liberalised Remittance Scheme limit.
How do I get New Taiwan dollars for a trip to Taiwan?
Order them before you fly. Matrix Forex, an RBI-authorised Category-II dealer, arranges New Taiwan dollar notes on request: send your amount through the booking bar at the top of this page and the desk confirms availability and your exact rate before anything is booked. For the live rate on any amount, see the TWD to INR converter.