If you’re sitting in a Vancouver coffee shop trying to figure out if now is the time to send money to family in Taipei, you’ve probably noticed something annoying. The numbers aren’t just sitting still.
Right now, 1 CAD is hovering around 22.78 TWD.
But that’s a moving target. Honestly, the relationship between the Loonie and the New Taiwan Dollar has been a bit of a roller coaster lately. It’s not just about simple supply and demand anymore. We’re dealing with a mess of central bank moves, AI-driven export booms in Taiwan, and Canada trying to find its footing after a string of interest rate shifts.
The CAD/TWD Reality Check
Let’s look at the actual numbers. As of mid-January 2026, the canadian currency to new taiwan dollar rate is sitting at roughly 22.78.
If you look back a couple of years, this isn't the highest we've seen. Back in early 2024, the rate was actually closer to 23.13. Then it spent a good chunk of that year climbing, even touching 23.81 in July. But 2025 was a different story. We saw a pretty sharp dip where the Loonie fell into the 21s for a while.
Why the sudden drop?
✨ Don't miss: Funny Team Work Images: Why Your Office Slack Channel Is Obsessed With Them
Basically, Taiwan’s economy is a beast when it comes to technology. With the global explosion of AI hardware demand, Taiwan’s exports have been through the roof. When people want chips, they need TWD. That drives the value of their currency up, making our Canadian dollars feel a little smaller in comparison.
What’s Actually Moving the Needle?
You’ve got two very different central banks playing a game of chess.
The Bank of Canada (BoC) finally decided to take a breather. After cutting rates down to 2.25% in late 2025, they’ve signalled they are likely done for a while. Higher rates in Canada usually help the CAD stay strong, but because we’ve been cutting while Taiwan stays steady, the "interest rate gap" has closed.
Taiwan’s central bank is the opposite of dramatic.
They’ve kept their discount rate at 2.00% for seven straight quarters. They aren't in a rush to cut because their economy is growing at a wild pace—over 7% recently. When an economy grows that fast, the currency tends to stay "expensive."
🔗 Read more: Mississippi Taxpayer Access Point: How to Use TAP Without the Headache
The Trump Factor and Trade
You can't talk about these two currencies without mentioning the 20% US tariffs on Taiwanese goods that have been a major headline lately. Usually, tariffs hurt a currency. But because Taiwan is so essential to the global tech supply chain, the TWD has remained surprisingly resilient.
Canada has its own trade headaches, but the CAD is often tied to oil prices and our relationship with the US. When the US economy sneezes, Canada catches a cold, and that volatility shows up immediately in the CAD/TWD pair.
Sending Money? Don't Just Use Your Bank
Look, I’ll be blunt: using a big Canadian bank to swap canadian currency to new taiwan dollar is often a waste of money.
They’ll tell you the rate is "competitive," but they usually bake in a 3% to 5% markup that you don't see. For example, while the mid-market rate is 22.78, a bank might only give you 21.90. On a $5,000 transfer, that’s a couple hundred bucks disappearing into thin air.
Here is how the main players are looking right now for transfers to Taiwan:
💡 You might also like: 60 Pounds to USD: Why the Rate You See Isn't Always the Rate You Get
- XE: Often the cheapest lately. They’re offering rates close to 22.66 with roughly a 2-3 day delivery.
- Wise: Great for transparency. You get the mid-market rate, but you pay a small upfront fee. It’s usually the "fairest" way to go if you hate hidden math.
- Western Union: Good for cash pickups in places like Taichung or Kaohsiung, but their exchange rates are notoriously "meh."
- Remitly: They often have "first-time" promos that beat everyone else, but the rate usually drops after your first transfer.
Myths People Still Believe
One big misconception is that the Canadian Dollar and US Dollar move in perfect lockstep. They don't.
Sometimes the USD strengthens against the TWD while the CAD actually weakens. If you're waiting for the CAD to go up just because you saw the US Dollar is "strong," you might be waiting a long time.
Another one? The idea that "waiting for the perfect rate" is always smart. Currency markets move 24/7. Unless you’re moving $50,000+, a 0.10 cent difference in the rate probably isn't worth the stress of checking your phone every twenty minutes.
Making the Most of Your Money
If you’re planning to exchange a significant amount of CAD for TWD this year, you need a strategy.
- Use Rate Alerts: Apps like OFX or Wise let you set a "target." If the rate hits 23.00, you get a ping. It’s better than guessing.
- Watch the Tech Earnings: If Nvidia or TSMC have a massive quarter, expect the TWD to get stronger. That means your CAD buys fewer TWD. Buy your currency before the big tech rallies if you can.
- Forward Contracts: If you're a business owner, look into locking in a rate. You can basically buy "insurance" that says you’ll get today’s rate three months from now.
The outlook for 2026 suggests the CAD/TWD will stay in this 22.00 to 23.50 range. Unless there's a major shift in the Bank of Canada's stance or a sudden cooling in the AI sector, don't expect the Loonie to go back to the "glory days" of 25 TWD anytime soon.
Your Next Steps
If you have an immediate need to transfer, start by checking a live mid-market chart to see where the "real" price is. Compare that against a specialist provider like Wise or XE rather than just clicking "send" on your banking app. If the rate is currently above 22.80, it’s historically a decent time to pull the trigger before any potential spring volatility hits.