US Dollar to Taiwan New Dollar — exchange rate

The US dollar ($) is the national currency of the United States of America, one of the global reserve currencies. It is used as an official currency unit in Salvador, Marshall Islands, Panama, Bermuda. USD is used as an abbreviation for convenience and internationalization purposes.

The US dollar is subdivided into cents. Every dollar has 100 cents. The currency has existed since 1792. The first dollars were made out of silver, then paper notes appeared. They have had the traditional greenish or grey color from the outset. Around 35 million pieces of dollars of different denomination worth 635 million emigrate to the USA daily. 95% of the banknotes are to replace worn-out notes.

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.