TWDNew Taiwan DollarNew Taiwan Dollar (TWD)
The New Taiwan dollar is the currency used in Taiwan and a key monetary unit for a major semiconductor, electronics and export economy.
- ISO code
- TWD
- Symbol
- NT$
- Region
- Asia Pacific
- Currency type
- Fiat currency
- Exchange system
- The Central Bank of the Republic of China (Taiwan) issues New Taiwan dollar notes and coins and manages the monetary and foreign-exchange framework.
- Last reviewed
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Quick facts
TWD at a glance
Currency profile
How TWD works
The New Taiwan dollar is the currency used in Taiwan and a key monetary unit for a major semiconductor, electronics and export economy.
The Central Bank of the Republic of China (Taiwan) issues New Taiwan dollar notes and coins and manages the monetary and foreign-exchange framework.
- TWD is divided into 100 cents, although ordinary prices are normally expressed in whole dollars.
- The New Taiwan dollar replaced the old Taiwan dollar during the 1949 currency reform.
Context
Why this currency matters
TWD provides a currency view of an economy central to global semiconductor and electronics production. Its 1949 reform and the 2000 transfer of note issuance to the central bank are important institutional milestones, while whole-dollar display should not be confused with a lack of formal minor units.
Monetary framework
Exchange arrangement
The Central Bank of the Republic of China (Taiwan) issues New Taiwan dollar notes and coins and manages the monetary and foreign-exchange framework.
CurrencyHub shows daily reference rates. Banks, card networks, ATMs and transfer providers may apply different exchange rates, fees or spreads.
History timeline
Key dates for TWD
New Taiwan dollar introduced
A currency reform introduced the New Taiwan dollar to replace the old Taiwan dollar during a period of severe inflation.
Central Bank currency museum - New Taiwan dollar historySilver-dollar regulations abolished
The earlier legal framework tied to the silver dollar was removed, clearing the way for a modern national currency basis.
Central Bank currency museum - New Taiwan dollar historyCentral bank began direct issuance
The central bank began issuing New Taiwan dollar notes on July 1, 2000, replacing Bank of Taiwan inscription on new issues.
Central Bank currency museum - New Taiwan dollar history
Usage and economy
How TWD is used
- Prices, wages and payments in Taiwan.
- Technology trade and regional comparisons with CNY, JPY, KRW and HKD.
Country currency guides
Banknotes and coins
TWD currency units
The central bank documents the current New Taiwan dollar banknote series introduced from 2000 onward.
The central bank documents New Taiwan dollar coins used in circulation.
One New Taiwan Dollar unit is recorded with 2 decimal places and uses Cent as its minor unit.
Related currencies
Currency relationships
Explore currencies connected through regional use, trade comparisons or monetary relationships.
FAQ
TWD questions
When was the New Taiwan dollar introduced?
The New Taiwan dollar was introduced on June 15, 1949 during a currency reform that replaced the old Taiwan dollar.
Who issues TWD banknotes today?
The Central Bank of the Republic of China (Taiwan) has issued New Taiwan dollar banknotes directly since July 2000.
Why is TWD important in technology trade?
Taiwan is a major producer of semiconductors and electronics, making TWD relevant to regional and global supply-chain comparisons.
Sources
Data and editorial review
Rate source: Frankfurter
Last reviewed:
Currency identity and cash information is checked against central-bank, government, ISO and official international sources.