Reported 11 months ago
Due to better-than-expected US non-farm payroll data in May, the US Federal Reserve's rate cut expectations in September fell short, leading to the US dollar surpassing 105, causing the Japanese yen to depreciate to below 160 against the US dollar. This results in a favorable exchange rate for the New Taiwan Dollar against the Japanese Yen, reaching 0.2060 yuan today and 0.209 yuan yesterday. This allows for trading 50,000 NTD for more than three bowls of Ichiran ramen in Japan. Despite the Taipei foreign exchange market being closed for the Dragon Boat Festival holiday, Taiwan Bank and Mega International Commercial Bank airport counters are open, with the Taiwan Bank airport counter offering an exchange rate of 0.209 yuan, allowing for an additional 3,385 Japanese yen compared to the previous high of 0.212 yuan on the 4th. Furthermore, the Bank of Japan will hold an interest rate decision meeting this week, attracting attention to a potential rate hike.
Source: YAHOO