The lowdown on the New Taiwan Dollar
Economical Influences and the New Taiwan Dollar
If you are considering converting AUD to TWD, it’s good to get a snapshot on how the economy may influence the Taiwanese exchange rate.
The Taiwanese dollar is thought to be one of the most stable currencies in Asia. Taiwan has a capitalist economy driven largely by industrial manufacturing and exports. This heavy reliance on exports means that the economy is prone to fluctuation as global demand changes. The country runs a trade surplus with other international economies, including China and the US and its foreign reserves are the fifth largest in the world.1
In 2012 the Taiwan Central Bank signed a memorandum of understanding with China on cross-Strait currency settlement, closely linking the two nations economically.1
New Taiwan Dollar Historical Exchange Rate
The New Taiwan dollar has performed steadily over the past three years as Taiwanese trade deals, exports and relations with China have improved.2
Back in April 2014, 1 Australian dollar was converting to 28.27356 New Taiwan dollars; whereas a year later in April 2015 that figure had moved to 1 AUD to 23.63699 TWD.2
During the past two years the AUD to TWD exchange rate has experienced frequent fluctuations ranging from a high of 1 AUD to 24.3249 TWD on the 8th November 2016, to a low of 1 AUD to 22.21764 TWD on the 9th May 2018.2
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Exchange rates last updated Friday, 07 June 2019 10:33:56 AM AEST. The online exchange rates provided by this Currency Converter are intended as a guide only and should not be used for transactional purposes. All rates are subject to change from time to time without notice. Exchange rates used in-store may differ from those offered online. The Travelex online buy rate will be used for conversions from a foreign currency to the local currency. The Travelex online sell rate will be used for conversions from the local currency to a foreign currency.
Travelex Historical Rates for conversion of [FromCurrencyIso] to [ToCurrencyIso]: Last month
Travelex Historical Rates for conversion of [FromCurrencyIso] to [ToCurrencyIso]: 3 months
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Travelex Historical Rates for conversion of [FromCurrencyIso] to [ToCurrencyIso]: 12 months
How to see Travelex historical rates
If you would like to see Travelex historical rates, please select one of the currencies
1. Central Intelligence Agency - https://www.cia.gov/library/publications/the-world-factbook/geos/tw.html
2. XE - https://www.xe.com/currencycharts/?from=AUD&to=TWD&view=5Y. Based on mid-market rates as of 22nd August 2018.
*The information contained in this article has been compiled by Travelex from different external sources. The figures provided are indicative only and are there to provide an idea of the amount of travel money you may need during your trip. Travelex does not ensure the accuracy and completeness of the information shown. Nothing in this article is to be considered financial advice. Travelex Limited does not accept any liability for any loss or damage derived from any reliance on the information in this article. Travelex Limited (ABN 36 004 179 953, AFSL Number 222444) arranges for and sells Online Foreign Currency via its Online Ordering Facility. You should consider the Online Foreign Currency Product Disclosure Statement and Terms and Conditions before deciding whether to acquire the product.