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.
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.
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.
My friends and I were talking about going places this year and some brought up Mongolia so I checked some blogs. In like 2011 it used to be 1 TWD = 30 Mongolian whatever, now it’s 1 TWD = 90 Mongolian whatever. Same goes for Turkey. In 2010 1 TRY = 20 TWD, in 2020 1 TRY = 5 TWD.