US Dollar to New Taiwan Dollar exchange rate history 1983 to 2026: chips and the Taiwan dollar
One US Dollar bought 39.285 TWD in 1983 and 31.798 TWD in 2026. Chips and the Taiwan dollar. The series covers 44 years of annual data.
- 2026 avg
- 31.798
- year to date
- Highest avg
- 39.900
- 1985
- Lowest avg
- 25.160
- 1992
- Traded range
- 24.507 to 40.600
- low 1992, high 1985
Source: Federal Reserve H.10 (DEXTAUS). Latest daily observation 2026-10-30.
Annual averages of daily observations.
USD/TWD in four numbers
- Change since 1983
- -20.7%
- 43 complete years
- Change over 10 years
- -1.8%
- 2015 to 2025
- Average annual change
- -0.4%
- standard deviation 6.3 points
- Largest drawdown
- 36.8%
- 1983 to 1992
USD/TWD annual average, 1983 to 2026
Annual average with the full trading range for each year. average high–low range
Source: Federal Reserve H.10 (DEXTAUS). Figures are annual averages of daily observations.
Five largest USD/TWD moves
The largest absolute year-end changes in the published series, using complete calendar years only.
- 1987 -19.6% 35.550 to 28.600
Year-end rate moved from 35.550 to 28.600, a change of 19.6%.
- 1997 +19.2% 27.520 to 32.800
Year-end rate moved from 27.520 to 32.800, a change of 19.2%.
- 1986 -10.9% 39.900 to 35.550
Year-end rate moved from 39.900 to 35.550, a change of 10.9%.
- 2022 +10.8% 27.740 to 30.730
Year-end rate moved from 27.740 to 30.730, a change of 10.8%.
- 2010 -8.8% 31.950 to 29.140
Year-end rate moved from 31.950 to 29.140, a change of 8.8%.
USD to TWD exchange rate by year
Every year since 1983: annual average, the year high and low, the year-end rate, and the change on the previous year.
| Year | Average | High | Low | Year end | Change |
|---|---|---|---|---|---|
| 1983 | 39.285 | 40.200 | 38.660 | 40.200 | n/a |
| 1984 | 39.636 | 40.260 | 39.080 | 39.520 | -1.7% |
| 1985 | 39.900 | 40.600 | 39.130 | 39.900 | +1.0% |
| 1986 | 37.852 | 39.870 | 35.550 | 35.550 | -10.9% |
| 1987 | 31.753 | 35.510 | 28.600 | 28.600 | -19.6% |
| 1988 | 28.636 | 28.990 | 28.130 | 28.130 | -1.6% |
| 1989 | 26.407 | 28.210 | 25.400 | 26.165 | -7.0% |
| 1990 | 26.918 | 27.500 | 25.915 | 27.129 | +3.7% |
| 1991 | 26.759 | 27.480 | 25.748 | 25.748 | -5.1% |
| 1992 | 25.160 | 25.562 | 24.507 | 25.403 | -1.3% |
| 1993 | 26.416 | 26.960 | 25.405 | 26.626 | +4.8% |
| 1994 | 26.465 | 27.090 | 26.020 | 26.290 | -1.3% |
| 1995 | 26.495 | 27.550 | 25.170 | 27.290 | +3.8% |
| 1996 | 27.468 | 27.950 | 27.150 | 27.520 | +0.8% |
| 1997 | 28.775 | 33.250 | 27.340 | 32.800 | +19.2% |
| 1998 | 33.547 | 35.000 | 32.050 | 32.270 | -1.6% |
| 1999 | 32.322 | 33.400 | 31.390 | 31.390 | -2.7% |
| 2000 | 31.260 | 33.250 | 30.350 | 33.170 | +5.7% |
| 2001 | 33.824 | 35.130 | 32.230 | 35.000 | +5.5% |
| 2002 | 34.536 | 35.160 | 32.850 | 34.700 | -0.9% |
| 2003 | 34.405 | 34.980 | 33.720 | 33.990 | -2.0% |
| 2004 | 33.372 | 34.160 | 31.740 | 31.740 | -6.6% |
| 2005 | 32.131 | 33.770 | 30.650 | 32.800 | +3.3% |
| 2006 | 32.506 | 33.310 | 31.280 | 32.590 | -0.6% |
| 2007 | 32.855 | 33.410 | 32.260 | 32.430 | -0.5% |
| 2008 | 31.521 | 33.580 | 29.990 | 32.760 | +1.0% |
| 2009 | 33.020 | 35.210 | 31.950 | 31.950 | -2.5% |
| 2010 | 31.497 | 32.430 | 29.140 | 29.140 | -8.8% |
| 2011 | 29.382 | 30.670 | 28.500 | 30.270 | +3.9% |
| 2012 | 29.558 | 30.280 | 28.960 | 29.050 | -4.0% |
| 2013 | 29.680 | 30.200 | 28.930 | 29.830 | +2.7% |
| 2014 | 30.299 | 31.800 | 29.850 | 31.600 | +5.9% |
| 2015 | 31.744 | 33.170 | 30.370 | 32.790 | +3.8% |
| 2016 | 32.226 | 33.740 | 31.050 | 32.400 | -1.2% |
| 2017 | 30.402 | 32.370 | 29.640 | 29.640 | -8.5% |
| 2018 | 30.129 | 31.000 | 29.030 | 30.610 | +3.3% |
| 2019 | 30.905 | 31.630 | 29.910 | 29.910 | -2.3% |
| 2020 | 29.457 | 30.450 | 28.080 | 28.080 | -6.1% |
| 2021 | 27.937 | 28.590 | 27.560 | 27.740 | -1.2% |
| 2022 | 29.796 | 32.370 | 27.520 | 30.730 | +10.8% |
| 2023 | 31.153 | 32.470 | 29.700 | 30.620 | -0.4% |
| 2024 | 32.106 | 32.880 | 30.810 | 32.790 | +7.1% |
| 2025 | 31.166 | 33.210 | 28.880 | 31.370 | -4.3% |
| 2026 YTD | 31.798 | 32.640 | 31.270 | 32.590 | +3.9% |
1983–2026 · 43 complete calendar years. Annual figures are averages of available daily observations. Years with partial observation coverage: 1983 (60 published trading days). Each annual average for those years is based on that many published trading days. 2026 is year to date: the average is based on 209 published trading days through 2026-10-30.
USD/TWD by decade
Annual averages grouped into decade buckets. The first and last buckets may cover fewer than ten years.
| Period | Average | High | Low | vs previous |
|---|---|---|---|---|
| 1983–1989 | 34.781 | 40.600 | 25.400 | n/a |
| 1990–1999 | 28.033 | 35.000 | 24.507 | -19.4% |
| 2000–2009 | 32.943 | 35.210 | 29.990 | +17.5% |
| 2010–2019 | 30.582 | 33.740 | 28.500 | -7.2% |
| 2020–2026 | 30.488 | 33.210 | 27.520 | -0.3% |
Average of the annual averages in each period. The first and last rows cover partial decades.
USD/TWD since 1983
US Dollar to New Taiwan Dollar averaged 39.285 TWD in 1983 and 31.166 TWD in 2025, 20.7% lower across 43 complete years.
The annual average has ranged from 25.160 in 1992 to 39.900 in 1985. On individual trading days the series reached 24.507 and 40.600, a ratio of 1.7 to 1.
The five largest USD/TWD moves
Ranked by absolute year-end change, the five largest moves were 1987 (-19.6%), 1997 (+19.2%), 1986 (-10.9%), 2022 (+10.8%), 2010 (-8.8%). The biggest was 1987, when the rate moved from 35.550 to 28.600, a change of 19.6%.
Across 43 complete years the pair rose in 17 and fell in 25. The average annual change was -0.4% with a standard deviation of 6.3 percentage points, which is one way to compare its volatility with other pairs.
How wide is the USD/TWD range?
The highest single observation in the series was 40.600 in 1985, and the lowest was 24.507 in 1992. That is a ratio of 1.7 to 1 between the two extremes.
Annual averages are narrower than single-day levels because they smooth the intra-year swings. Even so, the average has ranged from 25.160 to 39.900, a spread that matters for anyone converting at different points in the cycle.
USD/TWD by decade
Grouped by decade, the annual average was 34.781 in 1983-1989 and 30.488 in 2020-2026. The widest decade-to-decade change was -19.4% between 1983-1989 and 1990-1999, when the average moved from 34.781 to 28.033.
The final bucket, 2020-2026, is a partial decade and includes the year-to-date 2026 average. The table below shows every bucket with its high and low, so the short-run moves and the long-run level can be read together.
Semiconductors and the Taiwan dollar
USD/TWD is an export-cycle pair. The Taiwan dollar is a managed float closely linked to the island's semiconductor and electronics exports.
Taiwan's exports are dominated by semiconductors and electronics, which makes the Taiwan dollar a proxy for the global chip cycle. Export-led economies are sensitive to the global electronics and manufacturing cycle, so the currency often moves with orders, semiconductor prices and trade policy rather than with domestic consumption alone.
The central bank manages the float, so the currency moves gradually against the dollar rather than in large jumps. Over 43 complete years the average moved -20.7%, and the largest annual move was -19.6% in 1987.
How to read the USD/TWD data
The annual figures are averages of the daily observations in Federal Reserve H.10 (DEXTAUS). Highs and lows are the most extreme single observations in each calendar year, not intraday highs. Some years have fewer than 200 published trading days (1983), so their averages are based on partial coverage. No figure on this page is estimated or interpolated.
USD/TWD history: the years that moved the rate
Each event below is dated and tied to one of the currencies in this pair.
- 1997 1997-07-02
Thai baht floats and the Asian crisis spreads
Thailand abandoned the baht's dollar peg on 2 July 1997. Pressure spread to other Asian currencies, including the Korean won, Malaysian ringgit, Singapore dollar and Taiwan dollar.
- 2008 2008-09-15
Lehman Brothers files for bankruptcy
The collapse of Lehman Brothers triggered a global financial crisis, a flight into the US dollar and extreme volatility across currency markets.
- 2020 2020-03-15
Pandemic triggers a global dash for cash
The COVID-19 shock caused a worldwide sell-off and a surge in demand for US dollars, followed by large central bank intervention and emergency rate cuts.
USD/TWD history: common questions
What was the USD/TWD rate in 1983?
One USD averaged 39.285 TWD in 1983, with a range of 38.660 to 40.200 and a year-end rate of 40.200.
How volatile has USD/TWD been?
Across 43 complete years the average annual change was -0.4% with a standard deviation of 6.3 percentage points. The largest drawdown was 36.8%, from 1983 to 1992.
What was the biggest single-year move in USD/TWD?
1987 was the largest, at -19.6%. The year-end rate moved from 35.550 to 28.600.
What is the highest USD/TWD rate on record?
The highest annual average was 39.900 in 1985. The highest single observation was 40.600 in 1985.
What is the lowest USD/TWD rate on record?
The lowest annual average was 25.160 in 1992. The lowest single observation was 24.507 in 1992.
What is the USD/TWD rate in 2026?
The 2026 average is 31.798 TWD per USD, based on the year to date. The latest complete year, 2025, averaged 31.166.
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