The Taiwan dollar gained today on signs that nation’s assets were attractive to overseas investors, leading to inflows of foreign funds, and as politicians were planning to review taxes on capital gains.
New Taiwan Dollar TWD
Central Bank: Central Bank of the Republic of China
Interest Rate: 1.875%
Public Debt to GDP Ratio, 2011: 36.3%
Trade Balance, 2011: $27.7 bln.
Inflation, 2011: 1.4%
Major industrial exporter
Factors of Weakness
Possible military intervention by China
The Taiwan dollar (also known as New Taiwan dollar) is the official currency of the Taiwan Area of the Republic of China. It replaced the old currency in 1949, but the official nation’s currency was the Chinese Nationalist yuan. The Taiwan dollar became an official currency of Taiwan in 2000.
Taiwan Dollar News Archive
May 20th, 2013 at 8:16
April 30th, 2013 at 9:18
The Taiwan dollar weakened today after data showed that the first quarter’s growth of the country’s economy was slower than analysts have anticipated.
April 22nd, 2013 at 9:55
The Taiwan dollar slipped today on speculations that policy makers will step in to rein currency’s gains as a strong currency may leave the nation in trading disadvantage.
December 26th, 2012 at 15:00
The Taiwan dollar advanced today amid hopes that central banks of developed nations will stimulate their economies, fueling global economic growth. Such hopes increased the attractiveness of Taiwan assets.
May 09th, 2012 at 2:05
The Taiwan dollar fluctuated today as the impact of the general negative sentiment on the Forex market battled with the influence of speculation that the nation’s central bank will allow the currency appreciate.
February 11th, 2011 at 14:21
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.
December 27th, 2010 at 12:37
The Taiwan dollar gained today as the anticipation of the possible interest rates hike increased the appeal of the currency.
December 14th, 2010 at 15:00
The Taiwan dollar rose today as the foreign capital inflows and the rapid economic growth in Asia bolstered the attractiveness for the currency.
May 27th, 2010 at 13:01
The Taiwan dollar fell today as the central bank’s policy makers attempt to prevent the speculation leading to the currency’s appreciation.
October 01st, 2008 at 11:11
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.