
The New Taiwan Dollar has reached its strongest rate against the US dollar in more than three years. On Wednesday, the NT at one point appreciated to less than NT$29 per US dollar. In the end, it closed at NT$29.019 against the greenback. That means that in just two days, the NT has appreciated by NT$0.883 against the US Dollar. The economics ministry has formed a response team to guide Taiwan’s mostly export-oriented businesses through this difficult period. Let’s hear from the ministry.
Ho Chin-tsang
Ministry of Economic Affairs
The ministry has established a team to assist enterprises in navigating these changes to the exchange rate. We will keep a close look on any changes, and would like to remind small- and medium-sized enterprises to make sure they are hedging against risks well, especially companies in the machinery and textile sectors.
Voice of Hsieh I-wei
Taiwan Small and Medium Enterprise Counseling Foundation
If there are difficulties in obtaining new loans from the banks you deal with, applications for extensions can be requested when the loan principal is due before the end of the year.
Not only does the strong NT impact exporters, it’s also affected the Bureau of Labor Funds, which has large investments in foreign currency. The bureau suffered a loss of NT$92.98 billion in May, when the NT surged by NT$2 against the greenback. The accumulated losses over the past five months have reached NT$292 billion.
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#forex #ntd #usd #trade #exports
新台幣創逾3年新高! 周三一度再見28字頭,不過央行明顯出手,最後收在29.019元,升1.66角。7月至今,短短2個交易日升值8.83角。經濟部宣布,成立’’因應小組’’協助企業度過難關。
[[經濟部次長 何晉滄]]
“經濟部也成立了一個協助產業因應匯率變化,一個任務小組,我們要隨時關切整個匯率的變化,我們就是提醒中小企業,真的是要做好相關避險規劃,特別是這些機械業,紡織業”
[[聲源:中小企業聯輔基金會總監 謝宜為]]
“如果說新增貸款的部分,往來行戶還有困難的話,那事實上現在目前在,今年年底到期之前的,貸款本金的部分,也可以跟往來的行庫,來申請本金展延”
台幣強升,不僅出口商幾乎要倒成一片,勞動基金運用局公布最新績效,因為有龐大的外幣投資,在5月新台幣暴力升值超過2元情況下,慘虧929.8億元,累計前5個月,已經虧損2920億。
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