Convert United States Dollar to New Taiwan Dollar
Please provide values below to convert United States Dollar [USD] to New Taiwan Dollar [TWD], or Convert New Taiwan Dollar to United States Dollar.
How to Convert United States Dollar to New Taiwan Dollar
1 USD = 0.0340541460922867 TWD
Example: convert 15 USD to TWD:
15 USD = 15 × 0.0340541460922867 TWD = 0.510812191384301 TWD
United States Dollar to New Taiwan Dollar Conversion Table
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United States Dollar
The United States Dollar (USD) is the official currency of the United States of America, used as a standard unit of monetary value and exchange.
History/Origin
The USD was established in 1792 with the Coinage Act, replacing the Continental Congress's Continental Currency. It has since become one of the world's dominant reserve currencies, influenced by the economic growth of the U.S. and global financial markets.
Current Use
The USD is widely used domestically and internationally for trade, investment, and as a reserve currency. It is the most traded currency in the foreign exchange market and is used as the standard currency in many international transactions.
New Taiwan Dollar
The New Taiwan Dollar (TWD) is the official currency of Taiwan, used for everyday transactions and financial exchanges within the country.
History/Origin
The New Taiwan Dollar was introduced in 1949 to replace the Old Taiwan Dollar, stabilizing Taiwan's economy after World War II and subsequent political changes. It has undergone several reforms and devaluations over the decades to adapt to economic conditions.
Current Use
Today, the TWD is widely used in Taiwan for all monetary transactions, including retail, banking, and international trade. It is also accepted in some neighboring regions and is actively traded in foreign exchange markets.