Description
The TWD/USD represents the amount of New Taiwan Dollar (TWD) required for one unit of US Dollar (USD). The TWD/USD exchange rate is influenced by various factors, including the monetary policies of Taiwan's Central Bank and the US Federal Reserve, trade relations between the two countries, global economic trends, and geopolitical risks. A lower TWD/USD rate indicates a stronger Taiwan dollar, which helps reduce import costs but may weaken export competitiveness. Conversely, a higher TWD/USD rate suggests a weaker Taiwan dollar, benefiting exports but increasing import costs.