Costs in Taiwan for the traveller are on a par with a good number of
European countries, reflecting the rise in the standard of living on the
island.
June 2, 2006 (Press Release) --
Money Advice
Costs in Taiwan for the traveller are on a par with a good number of
European countries, reflecting the rise in the standard of living on the
island. However, Taiwan is still cheaper than Japan (which isn't saying
much). If you stay in youth hostels, live on noodles and travel by bus,
you could get by on US$15 to US$20 a day. If you want a bathroom of your
own, a few souvenirs, a couple of taxi trips and a decent feed or two a
day, budget US$35 to US$50 a day. Staying in Taipei will cost you more
than heading out into the country.
Travellers' cheques and cash can be changed at international airports and
large banks, but you'll have trouble with travellers' cheques in rural
areas. Stick to US dollars for cash and cheques if you can - other
currencies will cause you problems. When changing cheques, shop around, as
commission costs can vary widely. For the most part, only larger banks
such as the International Bank of China (CBC) and Bank of Taiwan can
change money. There are no legal private money changers in Taiwan, but if
you're stuck some jewellery shops will change cash. Major international
credit cards can be used at big hotels and flash restaurants or to get
cash advances at your card's offices.
Tipping is not the done thing in Taiwan. The only people who really expect
you to shell out are hotel bellhops and airport porters, who will expect
about US$1 a bag. Big hotels and restaurants will stick 10 per cent
service charge and 5 per cent value added tax on your bill. Taiwan is not
a third world country, so don't expect to haggle yourself a bargain - you
may be able to get a slight discount (around 10 per cent) in street
markets and small shops.
Currency
New Taiwan dollar (NT$)
Relative Costs
Meals
Budget: US$2-8
Mid-range: US$8-20
Top-end: US$20-50
Lodging
Budget: US$10-20
Mid-range: US$20-100
Top-end: US$100 and upwards
Source: http://www.yahoo.com
Costs in Taiwan for the traveller are on a par with a good number of
European countries, reflecting the rise in the standard of living on the
island. However, Taiwan is still cheaper than Japan (which isn't saying
much). If you stay in youth hostels, live on noodles and travel by bus,
you could get by on US$15 to US$20 a day. If you want a bathroom of your
own, a few souvenirs, a couple of taxi trips and a decent feed or two a
day, budget US$35 to US$50 a day. Staying in Taipei will cost you more
than heading out into the country.
Travellers' cheques and cash can be changed at international airports and
large banks, but you'll have trouble with travellers' cheques in rural
areas. Stick to US dollars for cash and cheques if you can - other
currencies will cause you problems. When changing cheques, shop around, as
commission costs can vary widely. For the most part, only larger banks
such as the International Bank of China (CBC) and Bank of Taiwan can
change money. There are no legal private money changers in Taiwan, but if
you're stuck some jewellery shops will change cash. Major international
credit cards can be used at big hotels and flash restaurants or to get
cash advances at your card's offices.
Tipping is not the done thing in Taiwan. The only people who really expect
you to shell out are hotel bellhops and airport porters, who will expect
about US$1 a bag. Big hotels and restaurants will stick 10 per cent
service charge and 5 per cent value added tax on your bill. Taiwan is not
a third world country, so don't expect to haggle yourself a bargain - you
may be able to get a slight discount (around 10 per cent) in street
markets and small shops.
Currency
New Taiwan dollar (NT$)
Relative Costs
Meals
Budget: US$2-8
Mid-range: US$8-20
Top-end: US$20-50
Lodging
Budget: US$10-20
Mid-range: US$20-100
Top-end: US$100 and upwards
Source: http://www.yahoo.com
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