I have just checked the sterling/NT$ exchange rate and nearly had a heart attack - 62.5NT to the pound. When I came here it was 53, and had been as low as 42.
What is causing this depreciation, is this just a weak US dollar (to which I think the NT is pegged), or something happening back at home?
Any ideas or future predictions?
Is the US dollar expected to rise?
Same here… I remember that about 4 years ago the SFR/NT$ exchange rate was 1:18…nowadays it’s 1:25???
I need some advise on this: Will the NT ever rise again or shall I see that I get my salary in a more stable currency?
Any specialists here?
The typhoon damage and relief has (temporarily) lowered the value of the nt. Also, the U.S. dollar went down a bit last week.
Two years ago the nt was 2.8 to the South African rand,now its over 5.Its driving me crazy and my 5 year plan became a 10 year one.It suck.
Sterling goes up and down like a hooer’s drawers. From 35 in 92 when Lamont pulled out of the ERM, up to near 60 in 99, down to 45 in 01 and up to its current dizzy heights.
NT’s not worth much now, and I don’t see any reason for it to appreciate.
Despite the predictions last week that the USD was going to go back up, it seems to have dropped some more. I forecast ongoing weakness based on SWAG modeling.
The USD peg actually works in Americans’ advantage here, since all you Euro/Ozzie/Kiwi types are going to want to bail. 