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 | 0.66 | 1.28 % | Jul 11 |
| Exchange Rate | 31.03 | 0.07 % | Jul 11 |
| Stock Market | 10,843 | 0.37 % | Jul 11 |
Sample Report
Get a sample report showing our regional, country and commodities data and analysis.
Request a 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: Exports rebound marginally in June, but May export orders indicate lingering demand weakness
July 8, 2019
Merchandise exports increased 0.5% year-on-year in June, contrasting the 4.8% fall registered in May and interrupting seven consecutive months of decline in Taiwan’s critical trade sector.
Taiwan: Manufacturing PMI falls to over seven-year low in June
July 1, 2019
Operating conditions in the Taiwanese manufacturing sector continued to deteriorate in June for the ninth month running, and did so at an accelerated rate that was the steepest recorded since November 2011.
Taiwan: Industrial production dips again in May
June 24, 2019
Industrial output fell 3.1% year-on-year in May, contrasting the revised 1.4% year-on-year increase logged in April (previously reported: +1.0% year-on-year). Output in the manufacturing sector—which represents more than 90% of total industrial production—fell 3.0% in May, contrasting a 1.3% rise in April.
Taiwan: Central Bank stands pat again in June, leaves outlook broadly unchanged
June 20, 2019
Taiwan’s Central Bank of the Republic of China (CBRC) stood pat for the 12th consecutive quarter at its 20 June monetary policy meeting.
Taiwan: Exports contract further in May for seventh month running, April orders also decline
June 10, 2019
Merchandise exports fell 4.8% in annual terms in May, worsening from the 3.3% contraction registered in April and marking the seventh consecutive month of decline in Taiwan’s trade sector.
© Copyright: 2019 | Taiwan Exchange Rate | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed ...
