Reported about 1 year ago
The New Taiwan Dollar surged over 1 cent on July 4, reaching a historically sweet exchange rate of "0.2049", with a profit of NT$7578 when exchanging NT$100,000. Despite a slight increase in the Japanese Yen, the NT Dollar showed a stronger performance. Experts advise buying Japanese Yen in batches due to its continued weakness, as the fundamental cause lies in the interest rate difference between the US and Japan. There is no sign of a rebound yet, and intervening in the market has proven ineffective. For stability or revaluation, changes in currency policies by the Bank of Japan and the Federal Reserve are necessary.
Source: YAHOO