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10% surge in Taiwanese currency vs US dollar could hurt PC and components pricing | We are witnessing the most powerful Taiwan Dollar appreciation in over 30 years.
We are witnessing the most powerful Taiwan Dollar appreciation in over 30 years.
In a rare move, Taiwan's Central Bank held a press conference today, issuing a seven-point statement to the market (machine translation). In summary, the Central Bank believes that the TWD has surged due to speculation about recent trade discussions between Taiwanese and American officials. Last but not least, individuals and organizations with an eye on currencies should be wary of speculators seeking to move valuations, helped by "overly exaggerated or untrue market analysis, generating irrational expectations."
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