TWD (Taiwan Dollar)


DEFINITION of 'TWD (Taiwan Dollar)'

The currency abbreviation for the Taiwan dollar (TWD), the currency for the Republic of China within Taiwan, Pescadores, Kinmnet and Matsu. The Taiwan dollar is made up of 10 jiao, and 100 fen, and is often presented with the symbol NT$.

BREAKING DOWN 'TWD (Taiwan Dollar)'

TWD is often referred to as the "new Taiwan dollar", which replaced the old one at a rate of 40,000:1 in 1949 in an attempt to end the hyperinflation the country was experiencing.

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