TWD · TWD
New Taiwan Dollar (TWD)
The New Taiwan Dollar (TWD) is the official currency of Taiwan. Issued by the Central Bank of China (Taiwan), it has been in use since 1949. This page provides an overview of its history, denominations, and role in the economy.
Convert this currency
Converted amount
0.0310 USD
Exchange rate
1 TWD = 0.031022 USD
Updated
8/9/2026 12:00 AM
Source
ApiForex Managed Source 3
TWD · New Taiwan Dollar
New Taiwan Dollar (TWD): Overview and History
The New Taiwan Dollar (TWD) is the official currency of Taiwan, introduced in 1949 to replace the old Taiwan dollar. It is issued by the Central Bank of China (Taiwan), which is the country's central bank. The currency code is TWD, and its symbol is NT$ or simply $. The TWD is subdivided into 100 cents, although cents are rarely used in everyday transactions.
The New Taiwan Dollar has played a crucial role in Taiwan's economic development. Over the decades, Taiwan has transformed from an agricultural economy into a high-tech industrial powerhouse, and the TWD has been a stable medium of exchange throughout this transition. The currency is freely convertible, and its exchange rate is determined by market forces, though the central bank may intervene to prevent excessive volatility.
In terms of denominations, the TWD is available in banknotes of NT$100, NT$200, NT$500, NT$1000, and NT$2000, and coins of NT$1, NT$5, NT$10, NT$20, and NT$50. The currency features various historical and cultural figures, as well as landmarks, reflecting Taiwan's rich heritage. As a major currency in the Asia-Pacific region, the TWD is widely used in trade and finance, and it is an important component of the global foreign exchange market.
- Code
- TWD
- Symbol
- TWD
- Current rate
- USD / TWD
Currency information
Last updated · 8/7/2026
Introduced on June 15, 1949, replacing the Old Taiwan Dollar.
- Official name
- New Taiwan Dollar
- Legal tender status
- Legal tender in the Republic of China (Taiwan)
- Decimal places
- 2
- Minor unit
- Cent · 1 TWD = 100 Cent
- Countries
- Taiwan
- Issuing authority
- Central Bank of the Republic of China (Taiwan)
- Central bank
- Central Bank of the Republic of China (Taiwan) · Official website
- Exchange-rate regime
- Managed float
Common banknotes
NT$100 · NT$200 · NT$500 · NT$1000 · NT$2000
Common coins
NT$0.5 · NT$1 · NT$5 · NT$10 · NT$20 · NT$50
Also known as
NTD · Taiwan Dollar · New Taiwan Dollar · TWD · NT$
Practical notes
- The currency code is TWD.
- The symbol NT$ is used to distinguish from other dollar currencies.
Priority currency pairs
The most useful conversions for this currency.
New Taiwan Dollar questions
What is the TWD exchange rate?
The displayed rate is the latest available reference rate for USD/TWD. It can change throughout the day.
How can I convert TWD online?
Use the converter above to calculate indicative amounts between TWD and the other supported currencies.