TWD to PHP today: New Taiwan dollar to Philippine peso
1 New Taiwan dollar = ₱1.9676, and ₱1,000 buys 508.24 TWD. Taiwan sent US$996 million in cash remittances to the Philippines in 2025 (BSP, preliminary), number 10 of the 50 corridors on this site, and took 134,363 newly deployed workers (DMW). Against 2 Oct 2025, when it was ₱1.9147, 1,000 TWD brings ₱52.89 more (1,000 × ₱0.0529). Next: ask the sending firm how many pesos will arrive and test it in the quote checker; collect at a BSP-registered office near you (offices by province).
Rate: BSP Reference Exchange Rate Bulletin, 2 Oct 2026. Working: US$0.0314 per TWD × ₱62.7480 per US$ = ₱1.9676.
1 TWD = ₱1.9676 · ₱1 = 0.5082 TWD · official rate (BSP bulletin), 2 Oct 2026
The converter applies the 2 Oct 2026 rate with no fee or spread.
Check a quote against the official rate
Type the TWD amount and the pesos your app or counter promises; the checker shows what the rate and fee cost you in pesos. If the gap is wide, try another firm before you send.
- What this transfer costs you against the official rate
- ₱14.75 (1.50%)
- At the official rate
- ₱983.79
- Provider's effective rate
- ₱1.9381
Rate used: 1 TWD = ₱1.9676, 2 Oct 2026. Cost = value at that rate minus the pesos that arrive, plus the fee converted at the same rate.
TWD to PHP over 30, 90 and 365 days
| Period to 2 Oct 2026 | High | Low | Average | Change |
|---|---|---|---|---|
| 30 days 23 rates | ₱1.99018 Sep 2026 | ₱1.961830 Sep 2026 | ₱1.9750 | -0.14%from ₱1.9704 |
| 90 days 64 rates | ₱1.99018 Sep 2026 | ₱1.88234 Aug 2026 | ₱1.9359 | +2.01%from ₱1.9289 |
| 365 days 245 rates | ₱1.99018 Sep 2026 | ₱1.835520 Feb 2026 | ₱1.9070 | +2.76%from ₱1.9147 |
Pesos per 1 TWD. Change = (today − start of period) ÷ start of period. One value per BSP banking day from the BSP daily peso cross-rate series and bulletins.
TWD and PHP amounts, both ways
TWD to PHP
| 1 TWD | ₱1.9676 |
|---|---|
| 5 TWD | ₱9.84 |
| 10 TWD | ₱19.68 |
| 50 TWD | ₱98.38 |
| 100 TWD | ₱196.76 |
| 500 TWD | ₱983.79 |
| 1,000 TWD | ₱1,967.59 |
| 5,000 TWD | ₱9,837.95 |
Each row: amount × ₱1.9676, the 2 Oct 2026 rate, before fees.
PHP to TWD
| ₱100 | 50.82 TWD |
|---|---|
| ₱500 | 254.12 TWD |
| ₱1,000 | 508.24 TWD |
| ₱5,000 | 2,541.18 TWD |
| ₱10,000 | 5,082.36 TWD |
| ₱50,000 | 25,411.81 TWD |
Each row: pesos ÷ ₱1.9676, before fees. Sending one of these amounts? Test the pesos promised in the quote checker.
Receiving TWD transfers in the Philippines
Cash remittances from Taiwan reached US$996 million in 2025 (BSP, preliminary), and the DMW deployed 134,363 Filipino workers there that year (DMW 2025 deployment).
New Taiwan dollars sent to the Philippines are normally converted by the sending firm and paid out in pesos: into a bank account, an e-wallet such as GCash or Maya, or as cash at a remittance agent. Ask for the peso amount before you send, because that figure already includes the firm's rate.
Neither BPI nor Metrobank posts a board rate for New Taiwan dollar notes, so ask the sender to have the money paid out in pesos rather than carry the cash home. Find a registered office near you on the remittance centres by province page, compare e-wallet cash-in and cash-out fees, and check the InstaPay and PESONet fee before moving the pesos to your bank.
How Philippine tax treats TWD you receive
- Money family abroad sends you is not part of your gross income: gifts are excluded under NIRC Sec. 32(B)(3), and an OFW's pay earned abroad is not taxed here under Sec. 23(C). Money paid to you for work is income in any currency. More: are remittances taxable?
- OFW remittances are exempt from documentary stamp tax when the recipient shows the OFW's OEC or OWWA certificate (RA 8042 Sec. 35 as amended by RA 10022). More: documentary stamp tax.
- Kept in a foreign currency deposit, the interest of a resident is taxed at a 20% final tax since 1 July 2025 (RA 12214, CMEPA). More: final tax.
- A business converts TWD amounts at the BSP rate on the transaction day, is taxed on forex gains only when realized, and loses other rates in an audit unless it filed the sworn statement (BIR RMC 12-2024). More: income tax.
TWD to PHP questions
How much is 2,000 TWD in Philippine pesos?
2,000 × ₱1.9676 = ₱3,935.18 at the 2 Oct 2026 rate, and 10,000 TWD is ₱19,675.89. What arrives is lower by the provider's fee and rate margin.
What is the highest TWD to PHP rate?
In the three years to 2 Oct 2026 the highest daily value was ₱1.9901 on 8 Sep 2026 and the lowest ₱1.7144 on 7 Apr 2025. By monthly average, the highest since January 1978 was ₱1.9753 in September 2026. Source: BSP daily peso cross rates.
Will the New Taiwan dollar go up against the peso?
Nobody can know that in advance. It moves with interest-rate decisions of the BSP and the central bank of Taiwan, trade and remittance flows, and global risk appetite. Over the last year it ranged from ₱1.8355 (20 Feb 2026) to ₱1.9901 (8 Sep 2026).
Why does my bank or app give less than ₱1.9676?
This is a reference rate with no spread; anyone buying New Taiwan dollars from you pays less and may add a fee. Neither BPI nor Metrobank posts a board rate for the New Taiwan dollar (boards as of 2 Oct 2026, 4:19 PM and 2 Oct 2026, 9:09 AM), so ask the sender to have the money paid out in pesos and compare the pesos that arrive.
Which rate applies on a weekend or holiday?
The Friday 2 Oct 2026 bulletin, generated by the BSP at 08:43 AM, stays the reference until the next one, Monday 5 Oct 2026 at the earliest (later if that is a holiday). Banks and apps keep setting their own rates in between. Source: BSP exchange rate page.
Does the sender owe tax on a large gift from Taiwan?
Possibly. Donor's tax is 6% of a donor's total gifts above ₱250,000 in a calendar year (NIRC Sec. 99 as amended by RA 10963), and the sender owes it, not the recipient. At the 2 Oct 2026 rate, ₱250,000 is 127,059.05 TWD. Source: RA 10963 (TRAIN), Sec. 99.