Taiwan New Dollar

The Taiwan New Dollar (TWD), known in Mandarin as the 新台幣 (xīn tái bì), is the official currency of Taiwan.

History

The Taiwan New Dollar was introduced on June 15, 1949, replacing the Old Taiwanese Dollar at a rate of 40,000 Old Taiwanese Dollars for 1 New Dollar during various economic reforms.

Currency Structure

The Taiwan New Dollar is subdivided into 100 cents. It is available in both coins and banknotes:

Coins

• 1 cent
• 5 cents
• 10 cents
• 50 cents
• 1 dollar
• 5 dollars
• 10 dollars

Banknotes

• 100 dollars
• 200 dollars
• 500 dollars
• 1000 dollars
• 2000 dollars

Exchange Rate

As of recent reports, the exchange rate can fluctuate based on economic conditions. Always check for the latest rates when converting currencies.