Exchange Rate Calculator

The exchange rate between the New Taiwan Dollar (TWD) and the Euro (EUR) has experienced notable fluctuations over the past few months. This report analyzes the TWD/EUR exchange rate trends from late 2024 through early 2025, highlighting key movements and potential influencing factors.

Exchange Rate Trends from Late 2024 to Early 2025

December 2024:

• Highest Rate: On December 19, 2024, the TWD reached its peak against the EUR at 0.02956.

• Lowest Rate: The lowest exchange rate in December was 0.02918.

• Average Rate: Throughout December, the average exchange rate was approximately 0.02934.

January 2025:

• Highest Rate: The TWD peaked at 0.02961 EUR on January 2, 2025.

• Average Rate: The average exchange rate for January was around 0.02906.

February 2025:

• Highest Rate: The TWD reached a high of 0.02953 EUR.

• Lowest Rate: The lowest rate recorded was 0.02897 EUR.

• Average Rate: The average exchange rate for February was approximately 0.02925.

March 2025:

• Highest Rate: The TWD peaked at 0.02896 EUR on March 3, 2025.

• Lowest Rate: The lowest exchange rate was 0.02770 EUR on March 18, 2025.

• Average Rate: The average exchange rate for March was around 0.02810.

Overall, from January to March 2025, the TWD depreciated by approximately 6.07% against the EUR.

Factors Influencing the TWD/EUR Exchange Rate

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

1. Economic Indicators:

• Taiwan: Taiwan's economic performance, including GDP growth, export figures, and manufacturing output, can influence the strength of the TWD.

• Eurozone: Similarly, economic data from the Eurozone, such as inflation rates, employment figures, and industrial production, affect the EUR's value.

1. Monetary Policies:

• Central Bank Actions: Decisions by the Central Bank of the Republic of China (Taiwan) and the European Central Bank regarding interest rates and monetary policies can impact exchange rates.

1. Global Market Sentiment:

• Risk Appetite: Global investors' risk tolerance can lead to capital flows between emerging markets like Taiwan and established economies in the Eurozone, affecting currency values.

1. Trade Relations:

• Export and Import Dynamics: The trade balance between Taiwan and European countries influences demand for respective currencies, impacting the exchange rate.

Conclusion

The TWD/EUR exchange rate has shown a downward trend from late 2024 through early 2025, with the TWD depreciating against the EUR. This movement reflects a combination of economic indicators, monetary policies, and global market dynamics. Stakeholders engaged in trade or investment between Taiwan and the Eurozone should monitor these factors closely to make informed decisions.