Convert New Taiwan Dollar to Japanese Yen
Please provide values below to convert New Taiwan Dollar [TWD] to Japanese Yen [JPY], or Convert Japanese Yen to New Taiwan Dollar.
How to Convert New Taiwan Dollar to Japanese Yen
1 TWD = 0.19999155492838 JPY
Example: convert 15 TWD to JPY:
15 TWD = 15 × 0.19999155492838 JPY = 2.9998733239257 JPY
New Taiwan Dollar to Japanese Yen Conversion Table
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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.
Japanese Yen
The Japanese Yen (JPY) is the official currency of Japan, used as the country's primary medium of exchange.
History/Origin
Introduced in 1871 during the Meiji Restoration, the Yen replaced the previous complex monetary system and has undergone various reforms, including decimalization in 1954, to modernize Japan's currency system.
Current Use
The Yen is widely used in Japan for everyday transactions, banking, and international trade, and is one of the most traded currencies globally.