May_Foreign Exchange|The Impact of NTD Appreciation on the Two Major Automotive Component Industries
Recently, the whole of Taiwan are due to reciprocal tariffs suspended for 90 days to feel lucky, and the Taiwan index period also gradually from the early April plunge to recover lost ground, in the distance from the tariffs announced just over a month of 5/2, the new Taiwan dollar suddenly a burst of soaring from 32.11 NTD to 1 U.S. dollar, soared to 30.7 NTD to 1 U.S. dollar in one day; two days later, and then continue to appreciate to 29.18 to 1 U.S. dollar, three days! The change of 9% within three days, so that the export-oriented Taiwan enterprises a wail. But more surprising than the magnitude of the appreciation is the speed of the appreciation; it should be known that the last time the NTD appreciated from 32 all the way to 29 dollars, but it took nearly eight and a half months (2023/2/4~2023/10/20). During this period, the