Exchange Rate Calculator

The exchange rate between the New Taiwan Dollar (TWD) and the Canadian Dollar (CAD) has exhibited notable fluctuations over the past several months. Understanding these movements requires an examination of historical data, underlying economic factors, and future projections.

Historical Exchange Rate Analysis

Over the six-month period from September 18, 2024, to March 17, 2025, the TWD/CAD exchange rate experienced a range of values:

• Highest Rate: 0.04464 CAD per TWD on February 2, 2025.
• Lowest Rate: 0.04207 CAD per TWD on October 4, 2024.
• Average Rate: Approximately 0.04340 CAD per TWD over this period.

This data indicates a general appreciation of the TWD against the CAD, with a 2.10% increase over the six months. (exchange-rates.org)

Monthly Exchange Rate Trends

Breaking down the exchange rate movements by month provides further insight:

• September 2024:

  • Best Rate: 0.04280 CAD per TWD.
  • Worst Rate: 0.04208 CAD per TWD.
  • Average Rate: 0.04236 CAD per TWD.

• October 2024:

  • Best Rate: 0.04284 CAD per TWD.
  • Worst Rate: 0.04207 CAD per TWD.
  • Average Rate: 0.04236 CAD per TWD.

• November 2024:

  • Best Rate: 0.04373 CAD per TWD.
  • Worst Rate: 0.04292 CAD per TWD.
  • Average Rate: 0.04321 CAD per TWD.

• December 2024:

  • Best Rate: 0.04378 CAD per TWD.
  • Worst Rate: 0.04308 CAD per TWD.
  • Average Rate: 0.04341 CAD per TWD.

• January 2025:

  • Best Rate: 0.04401 CAD per TWD.
  • Worst Rate: 0.04300 CAD per TWD.
  • Average Rate: 0.04350 CAD per TWD.

• February 2025:

  • Best Rate: 0.04394 CAD per TWD.
  • Worst Rate: 0.04333 CAD per TWD.
  • Average Rate: 0.04356 CAD per TWD.

These monthly trends highlight periods of both appreciation and depreciation, reflecting the dynamic nature of currency markets. (exchange-rates.org)

Factors Influencing the TWD/CAD Exchange Rate

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

1. Economic Indicators:

   • Taiwan: Strong export performance, particularly in the technology sector, has bolstered the TWD.
   • Canada: Fluctuations in commodity prices, especially oil, have impacted the CAD, given Canada's status as a major oil exporter.

2. Interest Rate Differentials:

   • Diverging monetary policies between the Bank of Canada and the Central Bank of the Republic of China (Taiwan) have influenced capital flows and, consequently, exchange rates.

3. Geopolitical Events:

   • Trade tensions and global economic uncertainties have led to shifts in investor sentiment, affecting both currencies.

4. Market Sentiment:

   • Investor risk appetite and speculative activities have also played a role in short-term exchange rate movements.

Future Projections

Looking ahead, forecasts suggest a potential appreciation of the TWD against the CAD:

• November 2025:

  • Projected Rate: 0.04628 CAD per TWD.
  • Potential Increase: 6.31% from current levels.

• December 2025:

  • Projected Rate: 0.04688 CAD per TWD.
  • Potential Increase: 6.44% from current levels.

These projections are based on current market trends and technical indicators, including the 50-day and 200-day simple moving averages, which suggest a bullish outlook for the TWD/CAD pair. (coincodex.com)

Conclusion

The TWD/CAD exchange rate has demonstrated variability influenced by a complex interplay of economic indicators, interest rate differentials, geopolitical events, and market sentiment. While historical data shows periods of both appreciation and depreciation, current forecasts indicate a potential strengthening of the TWD against the CAD in the coming months. Investors and businesses engaged in transactions involving these currencies should remain vigilant, monitoring economic developments and central bank policies to make informed decisions.