The official currency of Taiwan is the New Taiwan Dollar (NTD), which is abbreviated as TWD in English. The TWD is subdivided into 100 cents and is currently issued in coins and banknotes. The TWD is widely used in Taiwan for daily transactions, but it is not accepted as a currency outside of the country. The exchange rate of the TWD fluctuates depending on the economic conditions of Taiwan and the global market. As of August 2021, the exchange rate of TWD to USD is approximately 1 TWD to 0.036 USD. When traveling to Taiwan, it is important to exchange your currency to TWD to avoid any inconvenience. Overall, the TWD is a crucial aspect of Taiwan's economy and plays an important role in the daily lives of its citizens.
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