Back in Finland, and later short flight to Estonia. The rate today is Euro=32.2 TW$, a bit of shock as earlier this year was a low as 29NT$ per Euro. Is that a strong Euro recently, and news why?
Euro now strong vs USA money, NT$ rate is same at 32, ha hard to plan with changes such should I keep Euro, made 6% more so far, so me like free lunch haha
The people who are traveling to EU from Taiwan for vacations are rich enough to not be bothered by these ForEx changes. My damn return flight costing 44000 NTD instead of 40000 NTD before won’t change my decision
With Russian aerospace out of bounds, the routes to Europe are now longer. It should cost more.
Now just waiting to see if somehow the awful events in Israel / Palestine expand regionally, adding further complications especially if Iran gets involved, as they already seem to have their hands in this mess.
It’s not the NTD. Most countries printed money like there’s no tomorrow. Well tomorrow has come, inflation is sky high (or it was just a few months ago). They increased interest rates to fight inflation but Taiwan didn’t need to do that so they didn’t. Money flocked to those countries with higher interest rates.
It’s actually a double whammy for export oriented economies as higher interest rates also decrease consumption which means they can export less.