Convert New Taiwan Dollar to Chinese Yuan
Please provide values below to convert New Taiwan Dollar [TWD] to Chinese Yuan [CNY], or Convert Chinese Yuan to New Taiwan Dollar.
How to Convert New Taiwan Dollar to Chinese Yuan
1 TWD = 4.09331047268571 CNY
Example: convert 15 TWD to CNY:
15 TWD = 15 × 4.09331047268571 CNY = 61.3996570902856 CNY
New Taiwan Dollar to Chinese Yuan Conversion Table
| New Taiwan Dollar | Chinese Yuan |
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New Taiwan Dollar
The New Taiwan Dollar (TWD) is the official currency of Taiwan, used for everyday transactions and financial exchanges within the country.
History/Origin
The New Taiwan Dollar was introduced in 1949 to replace the Old Taiwan Dollar, stabilizing Taiwan's economy after World War II and subsequent political changes. It has undergone several reforms and devaluations over the decades to adapt to economic conditions.
Current Use
Today, the TWD is widely used in Taiwan for all monetary transactions, including retail, banking, and international trade. It is also accepted in some neighboring regions and is actively traded in foreign exchange markets.
Chinese Yuan
The Chinese Yuan (CNY) is the official currency of China, also known as Renminbi (RMB), and is used for all monetary transactions within the country.
History/Origin
The Chinese Yuan was introduced in 1949 following the establishment of the People's Republic of China. It has undergone various reforms and reforms, including decimalization in the 1950s and modernization efforts in recent decades to stabilize and internationalize the currency.
Current Use
Today, the CNY is widely used domestically across China and is increasingly recognized internationally, with the Chinese government promoting its use in global trade and finance. It is also a component of the International Monetary Fund's Special Drawing Rights (SDR).