2020/12/11 15:25 (Pixabay photo) (Pixabay photo) TAIPEI (Taiwan News) The exchange rate for the New Taiwan dollar rose to NT$28.165 against the U.S. dollar at 10 a.m. Friday (Dec. 11), reaching its highest value in 23 years. The value of the country s currency opened at NT$28.30 and remained stable at around NT$28.20 for US$1 before noon, CNA reported. Total turnover amounted to US$814 million. Financial experts pointed out that the local currency has remained strong over the last few closings and that it will likely continue its ascent in the coming weeks, possibly surging past the NT$28 mark. They also expect exporters to continue selling U.S. dollars to avoid greater losses.
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