
Computex Taipei will be back on in just two weeks. On Tuesday, a forum was held as a warm-up for the conference, where one of the key issues of discussion was the recent sharp rise of the New Taiwan Dollar against the US dollar. Taipei Computer Association Chair Paul Peng said that the short term-impact on electronics and tech companies would be limited, as they usually engage in foreign exchange hedging. But he also warned that a stronger NTD would affect corporate profitability. Let’s hear from him.
Paul Peng
Taipei Computer Association
The rise of the New Taiwan Dollar reflects Taiwan’s healthy economy. Over the past two weeks, the NTD has appreciated by nearly 10%. The immediate impact of the rise is on profitability. We hope the appreciation will be more gradual, giving us time to react. We usually conduct foreign exchange hedging, so it’s not as if we’ve been left with a lot of foreign currency that we can’t get rid of. But amid such rapid changes, it’s inevitable that some parts can’t be offset. We hope the government will help us consider other possible directions moving forward.
Peng added that more than 30 years ago, the NT dollar stood at 24 to the US dollar. Since then manufacturers have gone through several waves of fluctuations and transformations, which ultimately led to the rise of Taiwan’s high-tech industry. Now, amid a stronger NT dollar, it could be time to think about another transformation.
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#taiwan #currency #forex #NTD #ntdollar #taiwandollar #computex
再過兩個星期,台北國際電腦展就要登場,今天舉辦論壇提前暖身。台北市電腦公會理事長彭双浪出席活動時,談到最近台幣急遽升值,電子科技業平常有在做外匯避險,短期衝擊相對小,但還是會影響企業獲利。
[[台北市電腦公會理事長 彭双浪]]
“台幣升值,其實也代表台灣的經濟狀況,相對是好的,這半個月以來,升值的幅度將近10個(百分)點,直接衝擊就是我的獲利能力,(希望)升值的過程,能夠更緩慢,然後讓我們,有足夠的時間做反應。我們平常都做外匯避險,不至於說,手上有一堆的外匯,沒辦法去化,但是在這麼急迫的狀況之下,當然,難免會有一些是沒辦法做沖銷的,應該也要由政府引導,我們大家來思考,應該往哪一些方向走”
彭双浪表示,30幾年前,台幣曾來到24塊多,廠商經歷多次匯率起伏,造就上一波轉型,有了如今高科技產業,這次面對台幣升值,也應該重新思考,如何轉型。
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