New Taiwan Dollar

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New Taiwan Dollar

The currency of Taiwan. It was introduced in 1949, replacing the old dollar at a ratio of 40,000 old dollars to one new dollar. Technically, it existed alongside the silver yuan, which was the official currency of the Republic of China (not to be confused with the People's Republic of China); however, the silver yuan was never actually used, and, in 2000, the Taiwanese dollar became the sole currency. It is a floating currency.
References in periodicals archive ?
Those card holders, each with millions of NT dollar of card-spending capability, have booked the entire seafood restaurant on the 86th floor of Taipei 101 for New Year eve party, at NT$6 million of cost.
In its statement, the central bank said, 'the exchange rate of the NT dollar is determined by a managed floating system, and therefore the government cannot control the NT dollar exchange rate.
However, the NT dollar unexpectedly appreciated sharply to
NEW YORK -- The Taiwan Stock Exchange (TAIEX) Index in NT Dollar terms gained 1.
The convenience translation should not be construed as representations that the NT Dollar amounts have been, or could in the future be, converted into US dollars at this or any other exchange rate.
The Taiwan Stock Exchange (TSE) Index in NT Dollar terms gained 6.
The Taiwan Stock Exchange Index (TAIEX) in NT Dollar terms declined 2.
11), inducing the NT dollar to forego major appreciation in midsession and close slightly lower against the greenback, so as to sustain Taiwan's export competitiveness.
4% * Returns for the Fund and TAIEX in US Dollars, with NT Dollar returns in parentheses Portfolio Management The portfolio holds about 95% of its assets in equities.
pointed out that they will become profitless as long as the NT dollar soars past the level of NT$29 for US$1, and will begin seeing loss escalate when the local currency rises above NT$28 against US$1.
In August the outstanding value of NT dollar accounts held by foreigners slightly decreased by NT$6.
Meanwhile, thanks to the intervention of the CBC, the NT dollar depreciated sharply yesterday, reversing steep appreciation in midsession.