New Taiwan Dollar (TWD)

Taiwan — Central Bank of the Republic of China

New Taiwan dollar — managed currency at the heart of the global semiconductor supply chain.

FX Session:
Tokyo
TWD/USD Exchange Rate
Economic Indicators

No indicator data available.

Central Bank of the Republic of China Press Releases

No press releases available.

About the New Taiwan Dollar (TWD)

The New Taiwan dollar (TWD) is the official currency of Taiwan. It is closely managed by the Central Bank of the Republic of China (CBC) and serves as a key proxy for the global semiconductor cycle through Taiwan's central role in chip manufacturing.

Central Bank of the Republic of China: monetary policy framework

The CBC sets the discount rate at four scheduled meetings per year and targets broad money growth alongside inflation. Taiwan operates a managed-float regime with active CBC intervention to limit FX volatility.

What moves the TWD?

  • CBC discount rate and quarterly policy statements.
  • Taiwan CPI and core CPI.
  • Taiwan export orders and electronics exports.
  • Global semiconductor demand and TSMC monthly revenue.
  • USD/CNH and broader Asian FX moves.
  • Cross-Strait geopolitical news.

Key data and events to watch

  • CBC quarterly policy decision and meeting summary.
  • Taiwan CPI release.
  • Monthly export orders and electronics export data.
  • USD/TWD spot and CBC intervention rhetoric.
  • Quarterly GDP advance estimates.

Frequently asked questions about the New Taiwan Dollar

Why is the New Taiwan dollar important to global markets?
Taiwan produces a dominant share of the world's leading-edge semiconductors. Its export data, FX rate, and corporate earnings are watched as real-time indicators of global tech demand and AI capex cycles.
How freely traded is TWD?
Onshore TWD trading is restricted to local banks and 'real demand' transactions. Offshore non-deliverable forwards (NDFs) provide a more freely traded benchmark for foreign investors.
How often does the CBC meet?
The CBC's Board of Directors holds four scheduled monetary-policy meetings per year, generally in March, June, September, and December.
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