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Taiwan Dollar Attempts to Stabilize

February 14, 2014 at 9:48 by Vladimir Vyun

New Taiwan dollar banknotes and coinsThe Taiwan dollar rose today on speculation that the currency is going to stabilize after the big drop. Taiwan’s dollar was the weakest among Asian currencies after the Malaysian ringgit.

The Taiwan currency has fallen 2.4 percent in the past three months. It was up 0.3 percent this week against the US dollar. The currency remains in danger as investors tend to pull their funds from emerging markets at the present time.

USD/TWD fell 0.15 percent to 30.316 as of 9:46 GMT today.

If you have any questions, comments or opinions regarding the Taiwan Dollar, feel free to post them using the commentary form below.

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