Every traveler has their own story to tell, their unique experiences and memories. No two experience is the same. However, there is one single aspect of globe trotting that all travelers share once they arrive in a new country: The necessity to exchange the money in your pocket with the local currency.
In Taiwan, money exchange can prove to be a hassle for those who are not used to dealing with an extremely nosy state apparatus.
Here, only banks are authorized to exchange currency. There are no small offices or convenient booths that provide such services. Instead, you need to find a bank that has a sign outside that reads 'Official Money Exchanger’ and once you find them, the procedure is still not an easy one.
You need to present the bank cashier with some sort of identification. Everything needs to be recorded. And there is a limit to how much money you can exchange. In the end of 2014, the limit was 500 USD. When you run out of money, you need to go back to the bank and exchange some more.
So, in order to avert frequent runs to the bank, you can exchange your money in one of the exchange offices (they are actually bank offices) at Taoyuan International Airport.
It would be better if you could calculate your possible expenses during your stay in Taiwan and exchange your cash accordingly.
You can check out my post on the currency of Taiwan for a quick conversion guide.
Cheers,
-DS
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