Currency Taiwan dollar
New Taiwan dollar (NT$, TWD) is the official currency of the Republic of China (Taiwan), used by both
residents and tourists for over sixty years. The symbol NT$ is widely used to denote this currency in financial
markets. The Taiwanese dollar has been the legal currency in Taiwan since 1949, following the political split
between mainland China and Taiwan.
One interesting feature of the Taiwanese dollar is its remarkable resilience to inflation. Over the past two
decades, the average inflation rate in Taiwan has remained relatively low, contributing to the stability of this
currency's value. Additionally, Taiwan holds one of the world's largest foreign exchange reserves, further
bolstering confidence in the Taiwanese dollar on the international stage.
The Taiwanese dollar is not only a financial tool but also a cultural element. The image of the founder of the
Republic of China, Sun Yat-sen, appears on the 100 Taiwanese dollar banknotes. Moreover, the coins feature symbols
of Taiwanese culture, such as mountains, rivers, and important historical buildings. Recently, new banknotes with
denominations of 500 and 2000 dollars have been introduced. You can check the current exchange New Taiwan dollar rate at Quantor.pl.