Exchange Rate Calculator

The exchange rate between the New Taiwan Dollar (TWD) and the Canadian Dollar (CAD) has exhibited modest fluctuations over the past several months. This report provides an analysis of the TWD/CAD exchange rate trends, factors influencing these movements, and forecasts for the near future.

Recent Exchange Rate Trends

As of May 3, 2025, the TWD/CAD exchange rate stands at approximately 0.044. Over the past six months, the exchange rate has experienced slight variations, with a high of 0.04464 CAD per TWD on February 2, 2025, and a low of 0.042049 CAD per TWD on October 6, 2024. The average exchange rate during this period was around 0.043417 CAD per TWD.

Factors Influencing Exchange Rate Movements

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

1. Economic Performance: Taiwan's robust export-driven economy, particularly in the technology sector, has bolstered the TWD. Conversely, Canada's economy, heavily reliant on natural resources, has been influenced by global commodity price trends.

2. Monetary Policies: The monetary policies of the Central Bank of the Republic of China (Taiwan) and the Bank of Canada, including interest rate decisions and quantitative easing measures, have impacted investor confidence and currency valuations.

3. Global Trade Dynamics: Trade relations and agreements involving Taiwan and Canada, as well as their respective trade balances, have played roles in currency demand and supply, affecting the exchange rate.

4. Market Sentiment: Investor perceptions of geopolitical stability, economic outlooks, and risk appetite have influenced capital flows between the two countries, impacting their currencies.

Forecasts and Future Outlook

Looking ahead, forecasts suggest a gradual appreciation of the TWD against the CAD. Projections indicate that by November 2025, the exchange rate could reach approximately 0.04628 CAD per TWD, representing a potential gain of 6.31% from current levels. By December 2025, the rate is expected to be around 0.046876 CAD per TWD, implying a potential profit of 7.58% if the TWD/CAD follows this prediction.

It's important to note that these forecasts are subject to change based on evolving economic conditions, monetary policies, and global events. Investors and businesses engaged in TWD/CAD transactions should monitor these factors closely and consider consulting financial experts for tailored advice.

Conclusion

The TWD/CAD exchange rate has shown modest fluctuations over the past several months, influenced by economic performance, monetary policies, global trade dynamics, and market sentiment. While forecasts suggest a gradual appreciation of the TWD against the CAD, stakeholders should remain vigilant to changes in the economic landscape that could impact currency valuations.