Broad Effective Exchange Rate for Chinese Taipei
NBTWBIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106.90
Year-over-Year Change
5.77%
Date Range
1/1/1994 - 6/1/2025
Summary
The Broad Effective Exchange Rate for Chinese Taipei (NBTWBIS) measures the strength of the New Taiwan Dollar relative to a basket of major trading partner currencies. It is an important indicator of Taiwan's international competitiveness and exchange rate policy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The NBTWBIS tracks the nominal value of the New Taiwan Dollar against a weighted average of currencies from Taiwan's major trading partners. This broad measure provides insight into the overall external value of the currency and how it changes over time.
Methodology
The index is calculated by the Bank for International Settlements using exchange rate and trade data.
Historical Context
The NBTWBIS is closely monitored by the Central Bank of China (Taiwan) and other policymakers to assess the economy's exchange rate dynamics.
Key Facts
- The base year for the NBTWBIS index is 2010.
- Taiwan is a major exporter, so the NBTWBIS is an important indicator of its global competitiveness.
- The NBTWBIS reached a multi-year high in 2022 amid Taiwan Dollar appreciation.
FAQs
Q: What does this economic trend measure?
A: The NBTWBIS measures the nominal effective exchange rate of the New Taiwan Dollar against a basket of currencies from Taiwan's major trading partners.
Q: Why is this trend relevant for users or analysts?
A: The NBTWBIS provides insight into Taiwan's international competitiveness and exchange rate dynamics, which are closely watched by policymakers and market participants.
Q: How is this data collected or calculated?
A: The index is calculated by the Bank for International Settlements using exchange rate and trade data.
Q: How is this trend used in economic policy?
A: The NBTWBIS is monitored by the Central Bank of China (Taiwan) and other policymakers to assess the economy's exchange rate position and inform monetary and trade policy decisions.
Q: Are there update delays or limitations?
A: The NBTWBIS data is published monthly with minimal delays, providing timely insights into Taiwan's exchange rate trends.
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Citation
U.S. Federal Reserve, Broad Effective Exchange Rate for Chinese Taipei (NBTWBIS), retrieved from FRED.