# 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.