New Taiwan Dollar Plummets Intraday, Central Bank Intervenes to Close at NT$31.648, Monthly Line Turns Red
The New Taiwan Dollar significantly depreciated due to the US Federal Reserve's hawkish stance and a stronger dollar resulting from escalating Middle East tensions. Although the central bank's intervention stabilized the closing price at NT$31.648, the monthly trend turned positive.
📋 Article Processing Timeline
- 📰 Published: April 30, 2026 at 19:44
- 🔍 Collected: April 30, 2026 at 20:01 (17 min after Published)
- 🤖 AI Analyzed: April 30, 2026 at 20:58 (57 min after Collected)
Central News Agency
(Central News Agency reporter Chao Min-ya, Taipei, 30th) The U.S. Federal Reserve (Fed) decided to maintain interest rates, but internal opinions were divided, and with no end in sight for the Middle East conflict, international oil prices surged, strengthening the U.S. dollar index. The New Taiwan Dollar today plunged over 1.4 NT cents, breaking below the NT$31.7 mark during intraday trading. The central bank intervened at the close to stabilize the exchange rate, closing at NT$31.648, a depreciation of 9.1 fen. The total transaction volume in the Taipei and Yuan Tai foreign exchange markets expanded to US$2.8835 billion.
The Fed today decided to maintain interest rates, with its policy statement expressing increased concern over inflation. However, the internal "hawk-dove battle" intensified, marking the most divided decision since 1992. With no end in sight for the Middle East situation, international oil prices rose, and major U.S. stock indexes closed mixed, while the U.S. dollar index strengthened.
Taiwanese stocks opened higher today, then fluctuated and turned lower, closing at the lowest point of 38926.63 points, down 376.87 points. The three major institutional investors collectively sold NT$53.167 billion worth of Taiwanese stocks, with foreign investors withdrawing NT$53.561 billion, marking four consecutive days of selling.
The New Taiwan Dollar against the U.S. dollar opened at NT$31.59. Affected by the stronger U.S. dollar and hot money outflows, it depreciated throughout the day, hitting an intraday low of NT$31.703, a significant drop of over 1.4 NT cents. At the close, with central bank intervention, it climbed back to the NT$31.6 level.
Forex traders pointed out that the Fed's hawkish stance strengthened the U.S. dollar index, putting pressure on non-U.S. currencies. In terms of capital, foreign investors had strong outflows. Looking at Taiwanese stocks, foreign investors collectively sold over NT$190 billion in the past four trading days, leading to heavy depreciation pressure on the New Taiwan Dollar. Importers and exporters had both inflows and outflows in the forex market, but the overall volume could not compare with foreign investors. Seeing the larger depreciation of the New Taiwan Dollar today, the central bank intervened before the long holiday.
The New Taiwan Dollar today closed its weekly and monthly lines simultaneously. It depreciated by 1.32 NT cents or 0.42% for the week, ending a three-week streak of gains. For the month, it appreciated by 3.32 NT cents or 1.05%, with the monthly line turning positive.
Forex traders stated that the Taiwanese stock market surged by 7203.64 points in April, setting a record for the strongest monthly performance in history, which drove the New Taiwan Dollar's appreciation in April. "The New Taiwan Dollar has largely recovered the depreciation caused by the earlier Middle East situation." Currently, the New Taiwan Dollar's trend mainly fluctuates with foreign investment movements, and it is expected to trade within the NT$31.5 to NT$31.8 range. (Editor: Yang Kai-hsiang) 1150430
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(Central News Agency reporter Chao Min-ya, Taipei, 30th) The U.S. Federal Reserve (Fed) decided to maintain interest rates, but internal opinions were divided, and with no end in sight for the Middle East conflict, international oil prices surged, strengthening the U.S. dollar index. The New Taiwan Dollar today plunged over 1.4 NT cents, breaking below the NT$31.7 mark during intraday trading. The central bank intervened at the close to stabilize the exchange rate, closing at NT$31.648, a depreciation of 9.1 fen. The total transaction volume in the Taipei and Yuan Tai foreign exchange markets expanded to US$2.8835 billion.
The Fed today decided to maintain interest rates, with its policy statement expressing increased concern over inflation. However, the internal "hawk-dove battle" intensified, marking the most divided decision since 1992. With no end in sight for the Middle East situation, international oil prices rose, and major U.S. stock indexes closed mixed, while the U.S. dollar index strengthened.
Taiwanese stocks opened higher today, then fluctuated and turned lower, closing at the lowest point of 38926.63 points, down 376.87 points. The three major institutional investors collectively sold NT$53.167 billion worth of Taiwanese stocks, with foreign investors withdrawing NT$53.561 billion, marking four consecutive days of selling.
The New Taiwan Dollar against the U.S. dollar opened at NT$31.59. Affected by the stronger U.S. dollar and hot money outflows, it depreciated throughout the day, hitting an intraday low of NT$31.703, a significant drop of over 1.4 NT cents. At the close, with central bank intervention, it climbed back to the NT$31.6 level.
Forex traders pointed out that the Fed's hawkish stance strengthened the U.S. dollar index, putting pressure on non-U.S. currencies. In terms of capital, foreign investors had strong outflows. Looking at Taiwanese stocks, foreign investors collectively sold over NT$190 billion in the past four trading days, leading to heavy depreciation pressure on the New Taiwan Dollar. Importers and exporters had both inflows and outflows in the forex market, but the overall volume could not compare with foreign investors. Seeing the larger depreciation of the New Taiwan Dollar today, the central bank intervened before the long holiday.
The New Taiwan Dollar today closed its weekly and monthly lines simultaneously. It depreciated by 1.32 NT cents or 0.42% for the week, ending a three-week streak of gains. For the month, it appreciated by 3.32 NT cents or 1.05%, with the monthly line turning positive.
Forex traders stated that the Taiwanese stock market surged by 7203.64 points in April, setting a record for the strongest monthly performance in history, which drove the New Taiwan Dollar's appreciation in April. "The New Taiwan Dollar has largely recovered the depreciation caused by the earlier Middle East situation." Currently, the New Taiwan Dollar's trend mainly fluctuates with foreign investment movements, and it is expected to trade within the NT$31.5 to NT$31.8 range. (Editor: Yang Kai-hsiang) 1150430
Choose to stand with facts; every sponsorship you provide is a force for protecting press freedom.
Download the Central News Agency's "First-hand News" APP to stay updated with the latest information.
The text, images, and audio/video on this website may not be reproduced, publicly broadcast, or publicly transmitted and utilized without authorization.