Convert New Taiwan Dollar to Australian Dollar
Please provide values below to convert New Taiwan Dollar [TWD] to Australian Dollar [AUD], or Convert Australian Dollar to New Taiwan Dollar.
How to Convert New Taiwan Dollar to Australian Dollar
1 TWD = 19.2028511640073 AUD
Example: convert 15 TWD to AUD:
15 TWD = 15 × 19.2028511640073 AUD = 288.04276746011 AUD
New Taiwan Dollar to Australian Dollar Conversion Table
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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.
Australian Dollar
The Australian Dollar (AUD) is the official currency of Australia, used in its territories and some Pacific Island nations.
History/Origin
Introduced in 1966, replacing the Australian pound, the AUD was initially pegged to the British pound and later transitioned to a floating exchange rate system in 1983.
Current Use
The AUD is widely used in Australia and its territories, serving as a major currency in international trade and finance, and is one of the most traded currencies globally.