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 provides an analysis of the TWD/MXN exchange rate trends, highlighting key movements and potential influencing factors.

Exchange Rate Trends

2021:

• Highs and Lows: In 2021, the TWD/MXN exchange rate reached a high of approximately 0.741 MXN per TWD in October and a low of around 0.709 MXN in May. (freecurrencyrates.com)

2022:

• Peak and Trough: The exchange rate peaked at about 0.753 MXN per TWD in March and dipped to approximately 0.617 MXN in October. (freecurrencyrates.com)

2023:

• Stability with Minor Fluctuations: Throughout 2023, the exchange rate exhibited relative stability, with minor fluctuations. For instance, in October, the rate hovered around 0.557 MXN per TWD. (freecurrencyrates.com)

2024:

• Significant Volatility: The year 2024 saw considerable volatility. The exchange rate hit a low of 0.5086 MXN per TWD on April 8 and climbed to a high of 0.6373 MXN on November 26. The average rate for the year was 0.5699 MXN per TWD, marking an 11.55% increase over the period. (exchange-rates.org)

2025:

• Recent Data: As of March 7, 2025, the exchange rate stood at 0.618 MXN per TWD, reflecting a 0.16% increase from the previous day. (twd.currencyrate.today)

Factors Influencing Exchange Rate Movements

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

1. Economic Performance:

   • Taiwan: Taiwan's robust technology sector and export-driven economy have bolstered the TWD.
   • Mexico: Mexico's economy, heavily reliant on oil exports and manufacturing, has faced challenges due to global oil price volatility and trade dynamics.

2. Monetary Policies:

   • Divergent monetary policies between Taiwan's Central Bank and Mexico's Banco de México have influenced capital flows and currency valuations.

3. Global Economic Events:

   • Events such as the COVID-19 pandemic, trade tensions, and geopolitical developments have impacted investor sentiment and currency markets.

4. Trade Relations:

   • Bilateral trade volumes and agreements between Taiwan and Mexico can affect demand for each other's currencies, influencing the exchange rate.

Conclusion

The TWD/MXN exchange rate has experienced significant fluctuations over the past few years, influenced by various economic, monetary, and global factors. Stakeholders should monitor these elements closely to make informed decisions regarding currency-related transactions and investments.