Reported 12 months ago
The Real Effective Exchange Rate (REER) of the New Taiwan Dollar has been higher than the Korean Won for 37 consecutive months, indicating a continuous disadvantage for Taiwan in export competitiveness compared to South Korea. The strong US dollar led to a 0.38% appreciation of the New Taiwan Dollar in May, while the Japanese Yen, Korean Won, and Chinese Yuan remained weak. The REER data provided by the Bank for International Settlements (BIS) shows the ongoing disparity between the two currencies, with the New Taiwan Dollar strengthening against the Korean Won. The outlook suggests potential challenges for Taiwan's export industries if the US Federal Reserve's expected interest rate cut leads to a further increase in the New Taiwan Dollar's exchange rate.
Source: YAHOO