The exchange rate is different!

The exporter's foreign exchange demand pushed up the NT dollar to close at 30.372 yuan.

(Photo by reporter Chen Meiying)

[Reporter Chen Meiying/Taipei Report] Taiwan stocks opened low and fluctuated on Monday and closed slightly lower. The exchange rate of the New Taiwan dollar against the US dollar fell along with the Taiwan stock market at the beginning of the session. Near noon, the demand for foreign exchange came out and pushed up the exchange rate of the New Taiwan dollar. 30.372 yuan, an appreciation of 1.6 cents, the performance of stock exchanges was mixed, and the turnover was 1.124 billion US dollars.

The financial crisis in Europe and the United States has continued in waves. Although the liquidity risk of banks in the United States has eased slightly, in Europe, after Credit Suisse Bank, Deutsche Bank’s default insurance costs have risen, stock prices have plummeted, and risk aversion has heated up. The 103 position makes the non-US currency trend weak.

Taiwan stocks also fell with the main stock markets today, closing down 8.439 billion yuan, closing at 15830.31 points. The three major legal persons sold a total of more than 2.301 billion yuan, of which foreign investors sold more than 874 million yuan.

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The Taiwan dollar exchange rate also fell early in the morning as Taiwan stocks opened lower. The lowest was 30.431 yuan. However, the foreign capital remittance was not strong. Exporters had demand for foreign exchange near the end of the month. The NT dollar exchange rate reversed its depreciation near noon, and the highest rose to 30.357 Yuan, although the rise in the afternoon was restrained due to the lack of volume, it still closed in the red, and it was the only one among the major Asian currencies.

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