Reported about 1 year ago
Taiwan TV News Network reported on June 24, 2024, that the selling rate of Japanese Yen at Taiwan Bank hit an all-time low of 0.2061, allowing for an exchange of over 30,000 more Yen when converting 100,000 New Taiwan Dollars compared to the beginning of the year. Despite the favorable exchange rate, experts suggest refraining from hasty exchanges as the Yen is expected to continue depreciating. Additionally, with gold prices on the rise due to increased production costs and geopolitical risks, experts predict further increases, leading to a surge in consumer spending on gold, particularly during mid-year promotions.
Source: YAHOO