New Taiwan Dollar Wiki
The New Taiwan dollar (code: TWD; symbol: NT$, also abbreviated as NT) is the official currency of Taiwan. The New Taiwan dollar has been the currency of Taiwan since 1949, when it replaced the Old Taiwan dollar, at a rate of 40,000 old dollars per one new dollar. The basic unit of the New Taiwan dollar is called a yuan (圓) and is subdivided into ten jiao (角), and into 100 fen (分) or cents, although in practice fen are never actually used. There are a variety of alternative names to the units in Taiwan. The unit of dollar is typically informally written with the simpler equivalent character as 元, except when writing it for legal transactions such as at the bank, when it has to be written as 圓. Colloquially, the currency unit is called 塊 (kuài, literally "piece") in Mandarin, 箍 (kho͘, literally "hoop") in Taiwanese Hokkien, and 銀 (ngiùn, literally "silver") in Hakka. The central bank of Taiwan has issued the New Taiwan Dollar since 2000. Prior to 2000, the Bank of Taiwan issued banknotes as the de facto central bank between 1949 and 1961, and after 1961 continued to issue banknotes as a delegate of the central bank. The central bank began issuing New Taiwan dollar banknotes in July 2000, and the notes issued by the Bank of Taiwan were taken out of circulation. With currencyconverts.com you can convert New Taiwan Dollar (NT$) to any other foreign currency. To convert a certain amount of New Taiwan Dollar use currency converter. This page provides a free online information about currency conversion or exchange rates for world fiat currencies. Exchange rates for New Taiwan Dollar is calculated from mid-market real price and updates daily. Usually people search for TWD exchange rate before business travel to Taiwan, or during trip to other countries and want to check rate of New Taiwan Dollar in local money. On this page you can convert New Taiwan Dollar to main foreign currencies, get fast access to most used amounts of TWD or aether calculate any amount of New Taiwan Dollar in other fiat money.