The Taiwan dollar slumped today as the nation’s stock index dropped to the lowest level in five months, slowing the rapid appreciation of the currency.
New Taiwan Dollar TWD
Detailed information and fundamental factors
Central Bank: Central Bank of the Republic of China
Interest Rate: 1.875%
Public Debt to GDP Ratio, 2010: 33.4%
Trade Balance, 2010: $26.5 bln.
Inflation, 2010: 1%
Supporting Factors
Major industrial exporter
weak
Factors of Weakness
Possible military intervention by China
Taiwan Dollar News Archive
Taiwan Dollar Gains on Anticipation of Rates Hike
December 27th, 2010 at 12:37
Taiwan Dollar
The Taiwan dollar gained today as the anticipation of the possible interest rates hike increased the appeal of the currency.
Taiwan Dollar Gains, Will Government Intervene?
December 14th, 2010 at 15:00
Taiwan Dollar
The Taiwan dollar rose today as the foreign capital inflows and the rapid economic growth in Asia bolstered the attractiveness for the currency.
Taiwan Dollar’s Appreciation Contained by Central Bank
May 27th, 2010 at 13:01
Taiwan Dollar
The Taiwan dollar fell today as the central bank’s policy makers attempt to prevent the speculation leading to the currency’s appreciation.
Taiwan Dollar Rose on Bail-Out Expectations
The Taiwanese dollar gained today after four days of declining against the U.S. dollar as the speculations that the U.S. senate will approve the $700 billion bail-out plan by the end of this week spurred confidence in the Asian currencies.
