Friday Feature: Country Report Taiwan
Currency Overview
Late 2024 - Early 2025 (New Highs)
The rate has now reached around 32.831 TWD/USD, one of the highest levels in recent years.
The trend suggests further upside momentum, but resistance could be near 33.00 - 33.50.
What This Means for You:
If you hold USD, your buying power in Taiwan has increased compared to 2020.
If you plan to exchange USD for TWD, now might be a good time given the higher rate.
If you expect the trend to continue, holding USD longer could yield even better rates.
If you have 1,000 USD and want to convert it to Taiwan New Dollars (TWD) based on the exchange rate shown in the chart (32.871 TWD per USD), you can calculate:
1,000×32.871=32,871 TWD1,000 \times 32.871 = 32,871 \text{ TWD}1,000×32.871=32,871 TWD
So, at the current rate, 1,000 USD = 32,871 TWD.