Taiwan Currency Symbol NT$, A Comprehensive Guide

The Taiwanese currency symbol, NT$, is an essential part of navigating Taiwan's economy.

NT$ is the official currency symbol of Taiwan, used to represent the New Taiwan Dollar.

In Taiwan, you'll often see NT$ displayed prominently on price tags, menus, and even ATMs.

The NT$ symbol is widely recognized and accepted, making it easy for tourists to shop and dine around the island.

To give you a better idea of the currency's value, the NT$ is divided into 100 cents, just like the US dollar.

Explore further: Taiwan Currency to Naira

In Taiwan, you can find various types of currency in circulation. The New Taiwan Dollar (TWD) is the official currency and is subdivided into 100 cents.

The New Taiwan Dollar is available in different denominations, including coins and banknotes. You can find coins in denominations of 1, 5, and 10 TWD, while banknotes come in denominations of 100, 200, 500, and 1000 TWD.

Here's an interesting read: Costa Rican Colon Denominations

The 50¢ coin is a rare sight due to its low value, and it's not just because people don't want to carry it around. The cost of the raw materials in a 50¢ coin is actually more than its face value, as of 2010.

Check this out: 1 Japanese Yen Coin

The NT$20 coin is another rare coin, but this time it's because the government hasn't been promoting it much. This bi-metallic coin features a ring made of aluminium bronze and a centre made of cupronickel.

Here's a breakdown of the currently circulating coins in Taiwan:

The current series of banknotes for the New Taiwan dollar, introduced in July 2000, features denominations of NT$100, NT$200, NT$500, NT$1,000, and NT$2,000. The NT$200 and NT$2,000 banknotes are not commonly used by consumers.

The NT$100 banknote has a dimension of 145 × 70 mm and features Sun Yat-sen on the obverse side. It was first printed in 2000 and officially taken out of circulation on August 1, 2007.

The NT$500 banknote has a dimension of 155 × 70 mm and features a youth baseball theme on the obverse side. It was first printed in 2000 and was later updated with a holographic strip in 2004.

Worth a look: 100 Yen Japanese Coin

The NT$1,000 banknote has a dimension of 160 × 70 mm and features an elementary education theme on the obverse side. It was first printed in 1999 and was later updated with a holographic strip in 2004.

The following table shows the current and past denominations of the New Taiwan dollar banknotes:

Currency codes are used instead of symbols when looking up a currency quote. This is because each currency has its own unique code, like EUR for the euro.

The International Organization for Standardization (ISO) maintains these codes. They're essential for representing currency pairs in exchange rates.

Currency prices are always quoted in pairs, showing the value of one currency relative to another. This is why you see codes like USD/CAD for the exchange rate between the U.S. dollar and the Canadian dollar.

For example, if the rate is 1.35, it costs $1.35 Canadian to buy US$1. This means you need to know the codes to understand exchange rates accurately.

Currency codes are used to represent exchange rates, like EUR/USD for the euro and U.S. dollar.

Additional reading: Where to Exchange Currency in Taiwan

In Taiwan, the currency symbol is NT$, which stands for New Taiwan Dollar. The official currency of Taiwan is the New Taiwan Dollar.

The exchange rate of the NT$ is pegged to the US dollar, meaning its value is fixed in relation to the US dollar.

The New Taiwan Dollar is divided into 100 cents, but coins are rarely used in everyday transactions.

You might like: New Zealand Currency Symbol

The New Taiwan dollar (TWD, NT$) is the official currency of Taiwan.

It was initially issued by the Bank of Taiwan, but since 2000, the Central Bank of the Republic of China has been responsible for issuing the NT$.

Coins in circulation include denominations of ½, 1, 5, 10, 20, and 50 dollars.

Banknotes in circulation come in denominations of 100, 200, 500, 1,000, and 2,000 dollars.

Explore further: Philippines 1 Peso