Exchange Rate Calculator

The exchange rate between the Canadian Dollar (CAD) and the Taiwan Dollar (TWD) has experienced notable fluctuations over the past year. This report provides an analysis of the CAD/TWD exchange rate trends, key influencing factors, and potential future outlooks.

Historical Exchange Rate Trends

Over the past year, the CAD/TWD exchange rate has exhibited significant variability. The highest recorded rate was approximately 23.969 TWD per CAD on July 22, 2024, while the lowest was around 22.372 TWD per CAD on February 3, 2025. (poundsterlinglive.com) This represents a fluctuation of about 6.7% between the peak and trough within this period.

In the six months leading up to March 14, 2025, the exchange rate declined by approximately 2.45%, indicating a strengthening of the TWD relative to the CAD. (exchange-rates.org) The average exchange rate during this six-month period was 23.053 TWD per CAD.

Factors Influencing the Exchange Rate

Several factors have contributed to the observed fluctuations in the CAD/TWD exchange rate:

1. Economic Indicators: Differences in economic performance between Canada and Taiwan, such as GDP growth rates, inflation, and employment figures, can influence currency valuations.

2. Interest Rates: Diverging monetary policies and interest rate decisions by the Bank of Canada and the Central Bank of the Republic of China (Taiwan) affect investor returns, impacting currency demand.

3. Trade Balances: Canada's trade balance, particularly its exports of commodities like oil, and Taiwan's export-driven economy, especially in technology sectors, influence currency strength.

4. Global Market Sentiment: Investor risk appetite and global economic conditions can lead to capital flows between currencies, affecting exchange rates.

Recent Developments

As of March 28, 2025, the CAD/TWD exchange rate stood at 23.1746, marking a 0.22% increase from the previous day. (investing.com) This slight appreciation suggests a potential stabilization or reversal of the earlier downward trend.

Future Outlook

Predicting future exchange rate movements involves considerable uncertainty. However, several scenarios could unfold:

• Continued TWD Strengthening: If Taiwan's economy outperforms Canada's, or if global demand for Taiwan's exports remains robust, the TWD may continue to appreciate against the CAD.

• CAD Recovery: Should Canada's economic indicators improve, particularly in commodity exports, or if the Bank of Canada adopts a more hawkish monetary policy stance, the CAD could regain strength.

• Exchange Rate Volatility: Ongoing global economic uncertainties, such as trade tensions or geopolitical events, may lead to increased volatility in the CAD/TWD exchange rate.

Conclusion

The CAD/TWD exchange rate has experienced notable fluctuations over the past year, influenced by a complex interplay of economic indicators, monetary policies, trade balances, and global market sentiments. While recent data indicates a slight appreciation of the CAD, the future trajectory of this currency pair will depend on evolving economic conditions and policy decisions in both Canada and Taiwan.