Currency Information on New Taiwan Dollar - TWD— New Taiwan dollar – NT$
The New Taiwan dollar replaced the Old Taiwan dollar in 1949, at a ratio of 40,000 old Taiwan dollars to 1 new Taiwan dollar.
In comparison to the US dollar, the exchange rate has varied over time from less than 10:1 to over 40:1, most recently it has stabilised at around 30:1.
Frequently used coin denominations include $1, $5, $10 and $50, whilst denominations of $½ and $20 are rarely used. Banknotes are available in denominations of $100, $200, $500, $1000 and $2000, but the denominations $200 and $2000 are rarely used.
We are an international business and work with companies around the world, especially California in the US and Australia. Our providers are based in different countries so we need to be constantly up to date about the current foreign exchange rates. Otherwise, we would be wasting money during the currency transfer process and obviously this is not what a business wants.
Comment written by Victoria Brown Wine Industry.
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