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
| 2014 | 2015 | 2016 | 2017 | 2018 | |
|---|---|---|---|---|---|
| Exchange Rate (vs USD) | 31.63 | 32.83 | 32.45 | 29.67 | 30.58 |
Taiwan Exchange Rate Chart
Source: Thomson Reuters.
Taiwan Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.69 | 1.28 % | Dec 31 |
| Exchange Rate | 29.91 | 0.07 % | Jan 01 |
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: Industrial production skyrockets in February
March 23, 2020
Industrial output flew 20.3% higher in February compared to the same month a year earlier, contrasting the revised 2.1% decrease recorded in January (previously reported: -1.5% year-on-year). The stellar reading in February was helped in no small part by a sizeable base effect, likely influenced by differences in dates of the Chinese Lunar Holiday between this year and the last, as well as being aided by the leap year effect this year.
-
Taiwan: Central Bank cuts rates for first time since 2016
March 19, 2020
At its monetary policy meeting on 19 March, the Board of Directors of Taiwan’s Central Bank unanimously decided to lower the discount rate by 0.25 percentage points to a record low of 1.125%.
-
Taiwan: Exports and imports soar in February, trimming trade surplus
March 9, 2020
Merchandise exports expanded 24.9% in annual terms in February, contrasting January’s 7.5% contraction.
-
Taiwan: Consumer prices drop for first time in over a year
March 6, 2020
Consumer prices decreased 1.08% in February compared with the previous month, contrasting January’s revised 0.61% increase (previously reported: +0.59%).
-
Taiwan: Manufacturing PMI falls sharply in February; slips into contractionary territory
March 2, 2020
The manufacturing Purchasing Managers’ Index (PMI), reported by IHS Markit, fell to 49.9 in February from 51.8 in January.
© Copyright: 2020. | Taiwan Exchange Rate | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed
