Convert New Taiwan Dollar to Chinese Yuan (Offshore)
Please provide values below to convert New Taiwan Dollar [TWD] to Chinese Yuan (Offshore) [CNH], or Convert Chinese Yuan (Offshore) to New Taiwan Dollar.
How to Convert New Taiwan Dollar to Chinese Yuan (Offshore)
1 TWD = 4.09466948355014 CNH
Example: convert 15 TWD to CNH:
15 TWD = 15 × 4.09466948355014 CNH = 61.4200422532521 CNH
New Taiwan Dollar to Chinese Yuan (Offshore) Conversion Table
| New Taiwan Dollar | Chinese Yuan (Offshore) |
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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 (Offshore)
CNH (Chinese Yuan Offshore) is the offshore version of China's currency, the Renminbi, used primarily for international trade and investment outside mainland China.
History/Origin
CNH was introduced in 2010 to facilitate offshore trading of the Chinese currency, allowing greater flexibility and internationalization of the Renminbi separate from the onshore RMB (CNY).
Current Use
CNH is widely used in global financial markets for trading, investment, and currency exchange, serving as a key component in international trade involving China.