Home NewsForex Market News 〈Taiwan dollar〉 rose by 1.22 cents to close at 30.905 yuan, hitting a new high in 2 and a half months |

〈Taiwan dollar〉 rose by 1.22 cents to close at 30.905 yuan, hitting a new high in 2 and a half months |

by WOOWinvest
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〈Taiwan dollar〉 rose by 1.22 cents to close at 30.905 yuan, hitting a new high in 2 and a half months |


Under the backflow of hot money, the exchange rate of the New Taiwan dollar against the U.S. dollar rose strongly today (25), breaking through the 31 yuan barrier, and once rebounded strongly by nearly 2 cents, rising to 30.836 yuan. , so that the final appreciation rate converged to 1.22 yuan, and closed at 30.905 yuan, which was still a new high in two and a half months. The total turnover of the Taipei and Yuantai foreign exchange markets increased to 2.0875 billion US dollars.

The exchange rate of the New Taiwan dollar has risen for 3 consecutive weeks, with a cumulative appreciation of 0.85% or 2.65 cents this week.

The minutes of the US Federal Reserve’s November meeting released a dovish signal, driving the exchange rate of the NT dollar against the US dollar to continue yesterday’s strong momentum. It once appreciated 1.91 cents in the session, and the highest reached 30.836 yuan. Foreign capital flocked in, and importers’ ability to buy foreign exchange was limited , making the central bank expand its market adjustments, the turnover of the foreign exchange market in Taipei was US$1.679 billion, and that of the Yuantai foreign exchange market was US$408.5 million.

U.S. stocks were closed on Thursday for the Thanksgiving Day. Taiwan stocks fluctuated today. The index once stood at 14,800 points, but selling pressure emerged immediately. The value increased to 230.877 billion yuan. Foreign investors stopped buying 3 times in a row, and sold more than 71 million yuan backhand.

According to the statistics of the central bank, the U.S. dollar index fell 0.06% today, the New Taiwan dollar rose 0.39%, the strongest of the Vivian currency, the Korean won appreciated 0.34%, the Singapore dollar and the Japanese yen appreciated 0.14%, the renminbi depreciated 0.13%, and the euro depreciated 0.08% .

New Taiwan dollar recent exchange rate trend.  (Picture: Juheng.com)
New Taiwan dollar recent exchange rate trend. (Picture: Juheng.com)

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