Reported 12 months ago
According to reports, on June 28, the exchange rate of the Japanese yen against the US dollar fell below 161, dragging down the major Asian currencies including the New Taiwan dollar. Despite initially depreciating to 32.59 against the US dollar, strong demand by exporters at the end of the quarter and significant foreign capital inflows due to a soaring stock market reversed the trend in the afternoon session, leading the New Taiwan dollar to appreciate by 8 pips and close at 32.45. The New Taiwan dollar has depreciated by 1.715 yuan in the first half of the year, a decline of 5.29%, ranking third in depreciation among major Asian currencies, trailing behind the Japanese yen by 12.13% and the South Korean won by 5.84%.
Source: YAHOO