Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Taiwan Dollar Completes Weekly Gain on Stock Inflows, China Data

Taiwan’s dollar completed its third straight weekly advance after foreign funds pumped money into local stocks and a report signaled an improvement in China’s economy, the island’s largest overseas market.

China’s Purchasing Managers’ Index for manufacturing rose to a five-month high of 49.7 in May, exceeding the 48.3 estimated in a Bloomberg survey, according to a preliminary report from HSBC Holdings Plc and Markit Economics yesterday. Overseas investors bought $387 million more Taiwanese shares than they sold this week, exchange data show. The won in South Korea, which competes with Taiwan in international markets, gained 3.9 percent this quarter, the most in Asia.

“The China data was strong but the equity-related inflow was the main factor supporting the Taiwan dollar,” said Cindy Yu, a Taipei-based economist at Fubon Commercial Bank. “The currency also follows the Korean won, which has been holding its gains.”

Taiwan’s dollar rose 0.1 percent this week and was little changed today at NT$30.180 against its U.S. counterpart, according to prices from Taipei Forex Inc. It has advanced 1.1 percent this quarter. One-month non-deliverable forwards were little changed from May 16 at NT$30.103, data compiled by Bloomberg show. The contracts strengthened 0.1 percent today.

One-month implied volatility, a gauge of expected moves in the exchange rate used to price options, fell 16 basis points this week and five basis points today to 3.09 percent.

The yield on the 1 percent sovereign bonds due March 2024 rose one basis point, or 0.01 percentage point, this week to 1.5 percent and was little changed today, according to prices from GreTai Securities Market.

The overnight interbank lending rate was steady at 0.385 percent, according to a weighted average compiled by the Taiwan Interbank Money Center.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.