Euro to Taiwan New Dollar — exchange rate

Country of Circulation: European Union

Currency Code, Symbol: EUR, €

Denominations of coins in circulation: 1c, 2c, 5c, 10c, 20c, 50c, €1, €2

Denominations of banknotes in circulation: €5, €10, €20, €50, €100

History: The euro (sign: €, code: EUR, number: 978) is a currency unit that is used for payment on the Eurozone territory. It is used among the majority of European countries: in Germany, Austria, Spain, France, Greece, etc. A common abbreviation of the currency is EUR.Every euro is worth 100 cents. Sometimes the coins are called eurocents to avoid misunderstanding. The € currency was introduced in 2002 after the official establishment of the European Union. It has replaced a lot of European currencies: Greek drachma, Lithuanian litas, Slovak krona and so on. Introducing euro on a vast territory has allowed to remove transfer commission connected to conversion. Many preserved local currencies have a rate closely tied to EUR.Read More

Country of Circulation: Republic of China (Taiwan)

Currency Code, Symbol: TWD, NT$

Denominations of coins in circulation: NT$1, NT$5, NT$10, NT$50

Denominations of banknotes in circulation: NT$100, NT$500, NT$1000

History: The new Taiwanese dollar (NT$) is the national currency of Taiwan, issued by the bank of this Asian state. The currency is called yuan or kuai within the country. It is not used outside Taiwan.On the global exchange market, the currency is also known as TWD. One new Taiwanese dollar can be exchanged for 100 dimes. The new Taiwanese dollar took the place of the old one. The name is only used in the full form when it comes to legal documents and bank operations. It is necessary in order to avoid confusion.Read More