Exchange Rate in Taiwan
Taiwan - Exchange Rate (average of period)
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.
Met the why particular 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 (aop) Data
|Exchange Rate (vs USD, aop)||29.68||30.31||31.76||32.24||30.42|
5 years of economic forecasts for more than 30 economic indicators.
Taiwan Exchange Rate (aop) Chart
Source: Thomson Reuters.
|Bond Yield||0.83||1.28 %||Feb 20|
|Exchange Rate||30.80||0.07 %||Feb 20|
|Stock Market||11,272||0.37 %||Feb 20|
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February 15, 2019
Merchandise exports fell 0.3% in annual terms in January, improving over December’s 3.0% year-on-year contraction and overshooting analysts’ estimates of a 2.9% fall.
February 12, 2019
Consumer prices fell 0.09% in January from the previous month, which was less severe than the 0.50% decline registered in December.
February 1, 2019
Operating conditions in the Taiwanese manufacturing sector continued to deteriorate in January, confirming that the economy likely remained on a weak footing at the start of the year after losing momentum in Q4.
January 31, 2019
A preliminary estimate shows that economic growth continued to slow in the fourth quarter, as the trade sector remained on a feeble footing while domestic demand weakened somewhat.
January 23, 2019
Industrial output fell 1.2% year-on-year in December, contrasting the 2.4% growth logged in November.