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
|Exchange Rate (vs USD)||29.83||31.63||32.83||32.45||29.67|
5 years of economic forecasts for more than 30 economic indicators.
Taiwan Exchange Rate Chart
Source: Thomson Reuters.
|Bond Yield||0.86||1.28 %||Jan 14|
|Exchange Rate||30.85||0.07 %||Jan 14|
|Stock Market||9,708||0.37 %||Jan 14|
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January 8, 2019
Consumer prices fell 0.50% in December from the previous month, up from the 0.61% decline logged in November.
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.
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.
December 24, 2018
Industrial output expanded 2.1% year-on-year in November, down markedly from the 8.3% growth registered in October.
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.