Exchange Rate in Taiwan
Taiwan - Exchange Rate
TWD falls to fresh six-year low in September
On 28 September, the New Taiwan Dollar fell to a fresh six-year low, closing the day at 33.2 TWD per USD. The figure represented a 2.5% depreciation over the same day of the previous month and a 9.3% depreciation over the same day of last year. The currency’s decline in value comes against a backdrop of a slumping economy and the Central Bank’s decision on 24 September to cut the discount rate for the first time in six years. In addition, a slowdown in China—the island’s largest trading partner—is contributing to depreciation pressures on the currency.
Since hitting the record low, the TWD has appreciated slightly in recent weeks. On 9 October, the currency closed the day at 32.3 TWD per USD, which represented a 0.6% appreciation over the same day of the previous month but still marked a notable 6.3% depreciation over the same day last year.
FocusEconomics Consensus Forecast panellists expect the TWD to end this year at 33.5 per USD. For 2016, the panel projects the TWD to trade at 34.5 per USD.
Taiwan - Exchange Rate Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Exchange Rate (vs USD) | 29.83 | 31.63 | 32.83 | 32.45 | 29.67 |
Taiwan Exchange Rate Chart
Source: Thomson Reuters.
Taiwan Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.86 | 1.28 % | Jan 14 |
| Exchange Rate | 30.85 | 0.07 % | Jan 14 |
| Stock Market | 9,708 | 0.37 % | Jan 14 |
Sample Report
Get a sample report showing our regional, country and commodities data and analysis.
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Economic News
Taiwan: Inflation flattens in December
January 8, 2019
Consumer prices fell 0.50% in December from the previous month, up from the 0.61% decline logged in November.
Taiwan: Exports contract for second consecutive month in December
January 7, 2019
Merchandise exports fell 3.0% in annual terms in December, a slight improvement over November’s 3.4% year-on-year contraction.
Taiwan: PMI falls to 39-months low in December, confirming weak Q4 performance
January 2, 2019
Operating conditions in the Taiwanese manufacturing sector deteriorated for the third consecutive month in December, indicating significantly weaker momentum in the fourth quarter.
Taiwan: Industrial production growth falls in November following October surge
December 24, 2018
Industrial output expanded 2.1% year-on-year in November, down markedly from the 8.3% growth registered in October.
Taiwan: Exports falter in November as Apple cancels iPhone orders
December 7, 2018
Merchandise exports fell 3.4% in annual terms in November, markedly contrasting the 7.3% expansion logged in October, and falling short of market analysts’ expectations of a 1.3% growth print.
© Copyright: 2019 | Taiwan Exchange Rate | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed ...
