Reported 12 months ago
On July 3, 2024, the New Taiwan Dollar to US Dollar exchange rate opened at 32.58, rising by 4.7 points. However, due to factors such as a significant drop in the Taiwan stock market, hot money outflows, and a general depreciation in major Asian currencies, the New Taiwan Dollar exchange rate closed at 32.627, marking a decline for two consecutive days and hitting a more than 2-month low. The depreciation is attributed to factors such as the strengthening of the US Dollar and foreign investors selling Taiwanese stocks.
Source: YAHOO