TWD going UP - updates in 2021-2023?

Of course many of them are doing just fine or even amazingly well but the Euro reflects the union not individual countries.
Also, there’s a lot of uncertainty with Brexit, Italian debt and German economy. These are relatively recent worries when compared to the Taiwan’s security issues which were all there from the beginning.

What’s wrong with the Euro exactly? It’s very stable .

Yea German economy is not doing well, as can be seen in its unemployment rates which are are just down down down, doom doom gloom

Currently at 3.1% and still falling. Things are doing better in Spain though, unemployment is at like 14% there. Its falling too though so maybe the Spanish economy will be nearly as bad as the German soon. The Eu will be stuck between a rock and a hard place then for sure.

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Almost all of world reserves are in USD or EUR. Also, exchange rates are defined in pairs EUR/USD and depends on both sides. US is doing better right now and there is less uncertainty in American economy.
Euro will go up when it starts to perform better or if the US tightens monetary/fiscal policies which are unlikely under Trump.

https://www.ft.com/content/a1a14220-1801-11ea-9ee4-11f260415385

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TWD : EUR 33.36:1

We are richer again today lads. My salary was negotiated when it was 40:1 TWD to EUR. :grin:

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TWD:EUR 33.18:1

:grin: Somebody is listening .
(It bounced back up, TW govt give it up you can’t stop it :grinning:)

US is pressuring Taiwan to let NTD appreciate even more. This is very good imo since it will help with the brain drain and increase immigration appeal.
https://finance.yahoo.com/news/taiwan-loosens-grip-world-best-025757400.html

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EUR:twd 33.08 :grin:

…And now it’s 33.37!?

I think it will break 32 as they need to bring money back in this month.

The stock market is crashing hard. Probably the investors taking their money out of the region for a while.

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1580362182950

Good opportunity to buy cheap.

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Yep TSMC looks good.

Let’s spread some rumors about high level embezzlement and tax evasion first. Then buy on the dip.

Woot!

We are hitting 32.67 to 1 Euro now. As predicted. Feb often shows a strengthening Taiwan dollar.

Euro is declining already… so it’s more like Euro to USD that’s going down.

Except twd is also stronger against the USD.

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Currency Charts: EUR to TWD

1581579866256

https://www.xe.com/currencycharts/?from=EUR&to=TWD&view=2Y

Anyone still remember when EUR was 48 to TWD?

I was paid in Euro back then when it was going down, and down, and down…

But now looks like a great time to be ordering stuff from the EU…

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There’s no reason for NTD to depreciate back either. Growth is solid and sentiment is getting better every month. The general direction will be up and up. Especially against the Euro.