Currency Rate
Taiwan Dollar to USD
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Buying rate
NT$ 0.028700
Selling rate
NT$0.037067
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The New Taiwan dollar (symbol: $; code: TWD) is the official currency of Taiwan.
Currency Details
- Country code TW
- Symbol NT$
- ISO Code TWD
- Subunits 1 Dollar = 100 Cents
Coins
- 50 cents
- 1 dollar
- 5 dollars
- 10 dollars
- 20 dollars
- 50 dollars
Banknotes
- 100 dollars
- 200 dollars
- 500 dollars
- 1000 dollars
- 2000 dollars
The New Taiwan Dollar, officially abbreviated as TWD and commonly referred to as NT$, is the official currency of Taiwan (officially the Republic of China). Introduced in 1949 to replace the old Taiwan dollar, it's subdivided into 100 cents (though cents are rarely used today). The currency is issued by the Central Bank of the Republic of China (Taiwan) and serves as the backbone of Taiwan's advanced technology-driven economy.
History and Background
The currency's history reflects Taiwan's complex political journey: • 1946: Original Taiwan dollar introduced after Japanese colonial rule • 1949: New Taiwan dollar launched at 40,000:1 exchange rate to combat hyperinflation • 2000: First series of hologram security features introduced • 2002: Final removal of provincial design elements from banknotes The currency has maintained remarkable stability despite Taiwan's unique international status, with no major redenominations since 1949.
The currency's history reflects Taiwan's complex political journey: • 1946: Original Taiwan dollar introduced after Japanese colonial rule • 1949: New Taiwan dollar launched at 40,000:1 exchange rate to combat hyperinflation • 2000: First series of hologram security features introduced • 2002: Final removal of provincial design elements from banknotes The currency has maintained remarkable stability despite Taiwan's unique international status, with no major redenominations since 1949.
Economic Significance
As the currency of the world's 21st largest economy, the TWD: • Is not pegged but carefully managed by Taiwan's central bank • Reflects the strength of Taiwan's semiconductor (TSMC), electronics, and precision manufacturing exports • Has shown resilience during global crises due to Taiwan's massive foreign reserves • Is among the most stable currencies in Asia, with inflation typically below 2%
As the currency of the world's 21st largest economy, the TWD: • Is not pegged but carefully managed by Taiwan's central bank • Reflects the strength of Taiwan's semiconductor (TSMC), electronics, and precision manufacturing exports • Has shown resilience during global crises due to Taiwan's massive foreign reserves • Is among the most stable currencies in Asia, with inflation typically below 2%
Banknotes and Coins
Current series (2011-2020) celebrates Taiwan's natural and cultural heritage: Common Banknotes: • NT$100 (red) - Sun Yat-sen and Chung-Shan Building • NT$500 (brown) - Formosan sika deer and Dabajian Mountain • NT$1000 (blue) - Elementary education and Jade Mountain Coins in Circulation: • NT$1, NT$5, NT$10, NT$50 • Commemorative NT$20 coins occasionally issued
Current series (2011-2020) celebrates Taiwan's natural and cultural heritage: Common Banknotes: • NT$100 (red) - Sun Yat-sen and Chung-Shan Building • NT$500 (brown) - Formosan sika deer and Dabajian Mountain • NT$1000 (blue) - Elementary education and Jade Mountain Coins in Circulation: • NT$1, NT$5, NT$10, NT$50 • Commemorative NT$20 coins occasionally issued
Usage and Exchange
Key practical information: • Cash remains dominant for small transactions, though digital payments are growing • Foreign cards work at most ATMs (look for Plus/Cirrus logos) • Best exchange rates at bank branches (avoid hotel exchanges) • US dollars may be accepted at some tourist areas but generally discouraged • Receipts often show both NT$ and USD amounts for convenience • Taiwan has among the world's lowest credit card fraud rates
Key practical information: • Cash remains dominant for small transactions, though digital payments are growing • Foreign cards work at most ATMs (look for Plus/Cirrus logos) • Best exchange rates at bank branches (avoid hotel exchanges) • US dollars may be accepted at some tourist areas but generally discouraged • Receipts often show both NT$ and USD amounts for convenience • Taiwan has among the world's lowest credit card fraud rates
Political Considerations
The currency represents Taiwan's economic sovereignty: • Issued by "Central Bank of the Republic of China (Taiwan)" • Some older notes showed "China" in English, removed in recent issues • Not part of IMF currency basket due to political status • Still referred to as "Chinese Yuan" in some mainland systems
The currency represents Taiwan's economic sovereignty: • Issued by "Central Bank of the Republic of China (Taiwan)" • Some older notes showed "China" in English, removed in recent issues • Not part of IMF currency basket due to political status • Still referred to as "Chinese Yuan" in some mainland systems
Conclusion
The New Taiwan Dollar stands as a testament to Taiwan's economic miracle - transforming from an agricultural economy to a global tech powerhouse. For visitors, handling NT$ offers insight into a society that blends cutting-edge innovation with traditional Chinese culture. Whether purchasing bubble tea with coins or trading semiconductor equipment in billions, the TWD facilitates one of Asia's most advanced yet culturally rich economies.
The New Taiwan Dollar stands as a testament to Taiwan's economic miracle - transforming from an agricultural economy to a global tech powerhouse. For visitors, handling NT$ offers insight into a society that blends cutting-edge innovation with traditional Chinese culture. Whether purchasing bubble tea with coins or trading semiconductor equipment in billions, the TWD facilitates one of Asia's most advanced yet culturally rich economies.