Reported 12 months ago
On June 27, 2024, the Japanese Yen exchange rate dropped to '0.2055', marking a 37-year low. This led to increased interest among investors. Taiwan Bank's current selling rate for Japanese Yen reached this attractive '0.2055', allowing those exchanging 100,000 NTD to earn an additional 52,025 Yen compared to the peak rate in 2023. The depreciation of the Yen and the rise of the USD have raised concerns in Japan. The Finance Minister is closely monitoring the situation and may intervene in the currency market if necessary.
Source: YAHOO