Exchange Rate Calculator

The exchange rate between the New Taiwan Dollar (TWD) and the Mexican Peso (MXN) has experienced notable fluctuations over the past few years. This report examines the historical trends, key influencing factors, and potential future outlooks for the TWD/MXN currency pair.

Historical Exchange Rate Trends

2021:

In 2021, the TWD/MXN exchange rate exhibited significant volatility. The rate peaked at approximately 0.763 MXN per TWD on March 8, 2021, and reached a low of around 0.644 MXN per TWD on August 17, 2021. This period was marked by global economic uncertainties, including the ongoing COVID-19 pandemic and its impact on international trade and investment.

2022:

The year 2022 saw a general strengthening of the TWD against the MXN. The exchange rate began at about 0.732 MXN per TWD in January and climbed to a high of 0.750 MXN per TWD by March 9, 2022. This upward trend was influenced by Taiwan's robust export performance, particularly in the technology sector, and Mexico's economic challenges, including inflationary pressures and policy uncertainties.

2023:

In 2023, the TWD/MXN exchange rate experienced a downward trend. Starting at approximately 0.598 MXN per TWD in March, the rate declined to around 0.541 MXN per TWD by September 30, 2023. This depreciation of the TWD relative to the MXN can be attributed to several factors, including shifts in global trade dynamics and differing monetary policies between Taiwan and Mexico.

2024:

The exchange rate in 2024 demonstrated a recovery for the TWD. The rate reached its highest point at 0.6373 MXN per TWD on November 26, 2024, and its lowest at 0.5086 MXN per TWD on April 8, 2024. The average exchange rate for the year was 0.5699 MXN per TWD. This recovery was supported by Taiwan's economic resilience and Mexico's efforts to stabilize its economy.

2025:

As of March 18, 2025, the exchange rate stood at 0.604753 MXN per TWD. This indicates a continued strengthening of the TWD against the MXN, reflecting ongoing economic developments in both countries.

Factors Influencing the Exchange Rate

Several key factors have influenced the TWD/MXN exchange rate over the past few years:

1. Economic Performance:

   • Taiwan: Taiwan's economy has been bolstered by its strong technology sector, leading to increased exports and a favorable trade balance. This economic strength has contributed to the appreciation of the TWD.
   • Mexico: Mexico has faced economic challenges, including inflation and policy uncertainties, which have impacted investor confidence and the value of the MXN.

2. Monetary Policies:

   • Divergent monetary policies between Taiwan and Mexico have played a role in exchange rate fluctuations. Taiwan's central bank has maintained relatively stable policies, while Mexico's central bank has adjusted interest rates in response to inflationary pressures.

3. Global Trade Dynamics:

   • Changes in global trade patterns, including supply chain disruptions and shifts in demand, have affected both economies differently, influencing the exchange rate between the TWD and MXN.

4. Political Stability:

   • Political events and stability in both countries have also impacted investor confidence and currency valuations.

Future Outlook

Looking ahead, the TWD/MXN exchange rate will likely continue to be influenced by the aforementioned factors. Key considerations include:

• Economic Recovery: The pace and sustainability of economic recovery in both Taiwan and Mexico post-pandemic will be crucial. Taiwan's continued strength in technology exports and Mexico's efforts to address economic challenges will play significant roles.

• Monetary Policy Decisions: Future decisions by the central banks of Taiwan and Mexico regarding interest rates and monetary policies will impact the exchange rate dynamics.

• Global Economic Conditions: External factors such as global trade policies, commodity prices, and geopolitical events will also influence the TWD/MXN exchange rate.

Investors and businesses engaged in transactions involving TWD and MXN should closely monitor these factors to make informed decisions.