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 | 0.68 | 1.28 % | Sep 04 |
| Exchange Rate | 31.27 | 0.07 % | Sep 04 |
| Stock Market | 10,657 | 0.37 % | Sep 04 |
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Economic News
Taiwan: Exports fall in October, but at a moderated pace
November 8, 2019
Merchandise exports decreased 1.5% in October in annual terms, after decreasing 4.6% in September.
Taiwan: Inflation holds steady in October
November 6, 2019
Consumer prices increased 0.03% in October compared to the previous month, down from the 0.17% increase in September.
Taiwan: Manufacturing PMI dips in October
November 1, 2019
The manufacturing Purchasing Managers’ Index (PMI), reported by IHS Markit, dipped to 49.8 in October from 50.0 in September, once again coming below the 50.0-threshold that separates contraction from expansion after briefly climbing above it in September for the first time in a year. The amount of new work received by manufacturers decreased in October at a faster pace than in September, amid a steeper drop in new export sales, partly due to the ongoing U.S.-China trade war.
Taiwan: Economic growth accelerates in Q3 2019
October 31, 2019
The economy expanded 2.9% in the third quarter compared to the same quarter a year earlier, according to an advance GDP estimate, up from the second quarter’s 2.4% increase.
Taiwan: Industrial production goes into reverse in September
October 23, 2019
Industrial output decreased 0.8% in September compared to the same month a year earlier, contrasting the revised 2.4% increase in August (previously reported: +2.3% year-on-year). The downturn in September was driven by lower output in the manufacturing sector, which represents more than 90% of total industrial production; and lower output in the electricity and gas supply sector.
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