I have a few thousand USD coming soon (hopefully!), but the exchange rate is dropping on a daily basis. According to XE.com, the USD/TWD exchange rate has dropped by over 3% in the last three months, meaning that I will be down a few thousand NT when my money finally gets here.
Is this being caused by all the big companies converting USD to pay their staff their CNY bonuses? If this is the case, do you think the rate will go back up after CNY? I don’t know if I should just sit on my USD or exchange it now
Any thoughts would be appreciated.