TWD information
About the New Taiwan Dollar (TWD)
What Is the New Taiwan Dollar (TWD)?
The New Taiwan Dollar (TWD), symbolized as NT$ and sometimes abbreviated as NT, is the official currency of Taiwan. Its ISO currency code is TWD. Introduced in 1949, it replaced the Old Taiwan Dollar. The basic unit of the TWD is called a yuan, which is further subdivided into ten chiao and 100 fen, though these smaller units are rarely used in everyday transactions. The New Taiwan Dollar is the sole legal tender used for all transactions within Taiwan.
The New Taiwan Dollar (TWD) is issued by the Central Bank of the Republic of China (Taiwan). This central bank took over the issuance of the TWD in the year 2000. Prior to that, from its introduction in 1949 until 2000, the Bank of Taiwan was responsible for issuing the currency. The transition of this responsibility to the Central Bank of the Republic of China marked the TWD's elevation from a provincial to a national currency.
What Is the History of TWD?
The TWD was introduced on June 15, 1949, replacing the Old Taiwan Dollar at a rate of 40,000 to 1. This change aimed to combat the hyperinflation affecting Nationalist China during the Chinese Civil War. The currency's introduction marked a pivotal moment in Taiwan's economic history, laying the foundation for future financial stability.
Notes and Coins of TWD
The TWD is available in various banknotes and coins. Banknotes are issued in denominations of NT$100, NT$200 (seldom used), NT$500, NT$1000, and NT$2000. Coins come in denominations of NT$1, NT$5, NT$10, NT$20 (rarely used), and NT$50.
What Is the Difference Between New Taiwan Dollar And Old Taiwan Dollar?
The New Taiwan Dollar (TWD), introduced in 1949, replaced the Old Taiwan Dollar to combat severe hyperinflation that had gripped Taiwan following World War II. This change occurred when Taiwan transitioned from Japanese to the Republic of China's control, marked by economic instability due to the ongoing civil war in China. The Old Taiwan Dollar, plagued by rapidly declining value, led to the issuance of extremely high denominations, reaching up to 1 million Old Taiwan Dollars by 1949. In stark contrast, the New Taiwan Dollar was introduced at an exchange rate of 1 New Taiwan Dollar to 40,000 Old Taiwan Dollars, a move that was pivotal in stabilizing Taiwan's economy. Initially issued by the Bank of Taiwan, the responsibility for the New Taiwan Dollar was later transferred to the Central Bank of the Republic of China (Taiwan) in 2000, solidifying its status as the national currency and symbolizing a significant step towards economic recovery and stability.
Can You Use TWD in China?
No, the New Taiwan Dollar (TWD) is generally not accepted for regular transactions in Mainland China. In China, the official currency is the Chinese Yuan (CNY), also known as Renminbi (RMB). For everyday transactions in China, such as purchasing goods or services, you would need to use the Yuan.
BBP to TWD conversion rate trend
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | NT$0 | 0.0200% / 0.0320%  VIP 7 |
How to buy BiblePay
Buy BBP (or USDT) for TWD (New Taiwan Dollar) offers
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Sell BBP (or USDT) for TWD (New Taiwan Dollar) offers
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What factors influence the conversion rate of BiblePay to New Taiwan Dollar?
BiblePay to New Taiwan Dollar is falling this week.Conversion tables
The exchange rate of BiblePay is decreasing.BBP to TWD
TWD to BBP
Today vs. 24 hours ago
| Amount | 01:58 am today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 BBP | $0.00 | $0.{5}1925 | -4.61% |
| 1 BBP | $0.00 | $0.{5}3849 | -4.61% |
| 5 BBP | $0.00 | $0.{4}1925 | -4.61% |
| 10 BBP | $0.00 | $0.{4}3849 | -4.61% |
| 50 BBP | $0.00 | $0.0001925 | -4.61% |
| 100 BBP | $0.00 | $0.0003849 | -4.61% |
| 500 BBP | $0.00 | $0.001925 | -4.61% |
| 1000 BBP | $0.00 | $0.003849 | -4.61% |
Today vs. 1 month ago
| Amount | 01:58 am today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 BBP | $0.00 | $0.{5}4526 | -10.20% |
| 1 BBP | $0.00 | $0.{5}9053 | -10.20% |
| 5 BBP | $0.00 | $0.{4}4526 | -10.20% |
| 10 BBP | $0.00 | $0.{4}9053 | -10.20% |
| 50 BBP | $0.00 | $0.0004526 | -10.20% |
| 100 BBP | $0.00 | $0.0009053 | -10.20% |
| 500 BBP | $0.00 | $0.004526 | -10.20% |
| 1000 BBP | $0.00 | $0.009053 | -10.20% |
Today vs. 1 year ago
| Amount | 01:58 am today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 BBP | $0.00 | $-0.{4}1130 | +39.59% |
| 1 BBP | $0.00 | $-0.{4}2260 | +39.59% |
| 5 BBP | $0.00 | $-0.0001130 | +39.59% |
| 10 BBP | $0.00 | $-0.0002260 | +39.59% |
| 50 BBP | $0.00 | $-0.001130 | +39.59% |
| 100 BBP | $0.00 | $-0.002260 | +39.59% |
| 500 BBP | $0.00 | $-0.01130 | +39.59% |
| 1000 BBP | $0.00 | $-0.02260 | +39.59% |
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