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TWD going DOWN....

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Re: TWD going DOWN....

Postby BrentGolf » 12 Jan 2016, 16:13

The USD should continue to do well in the coming months / year and since China looks as sick as it has in a long time I don't imagine that the NT will be able to hold these levels, but at some point the party has to end. I suppose if somebody did have the stomach for volatility and had a long term time horizon, things are looking top'ish / bottom'ish for a short USD long oil high risk pairs trade. The two have been feeding off each other for a long time now.
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Re: TWD going DOWN....

Postby nonredneck » 14 Jan 2016, 15:08

New Taiwan Dollar doesn't look good this year. Gonna make traveling more expensive.

Goldman Cut Won, Taiwan Dollar Forecast On Weaker Yuan
http://blogs.barrons.com/asiastocks/201 ... aker-yuan/

Today, the bank cut its Korean won and new Taiwan dollar forecast. The bank now sees the won to reach 1,250 and 1,280 in 3- and 6-month horizon, from 1,200 and 1,230 before, and the new Taiwan dollar to hit 34 and 34.5 versus 33 and 33.5 previously. This year, the won and new Taiwan dollar already fell 3.2% and 1.7%, to 1,205 and 33.4.
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Re: TWD going DOWN....

Postby headhonchoII » 14 Jan 2016, 18:11

headhonchoII wrote:Not sure if you get get it. Taiwan or some Micky
Mouse country can devalue their currency by a large amount and nobody really cares. If China devalues by a lot it causes massive earthquakes everywhere some of which can come back and destroy themselves. China's major export markets include both emerging and developed economies plus when they devalue they can cause capital flight internally
And make it hard to pay off foreign denominated debt and hard to pay
For things like iPhones and oil and steel and milk and the list goes on.


Let's see how the devaluation works out for them. So far it's as I predicted, stock markets are shaky worldwide and hot money is leaving China.
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Re: TWD going DOWN....

Postby nonredneck » 15 Feb 2016, 15:06

Taiwan dollar made a small comeback. 1 USD to 33 ntd. What happened?
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Re: TWD going DOWN....

Postby RockOn » 15 Feb 2016, 22:33

nonredneck wrote:Taiwan dollar made a small comeback. 1 USD to 33 ntd. What happened?


US dollar made a low before its "blast off" to 35.
We should see 35 before end of May 2016.
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Re: TWD going DOWN....

Postby Chris » 15 Feb 2016, 22:57

The NT dollar usually grows stronger in the weeks following Chinese New Year as people spend their bonuses and hongbao.
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Re: TWD going DOWN....

Postby nonredneck » 16 Feb 2016, 09:03

Chris wrote:The NT dollar usually grows stronger in the weeks following Chinese New Year as people spend their bonuses and hongbao.


So if you need to exchange money or send money back home, after CNY is probably the best time to do it.
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Re: TWD going DOWN....

Postby buzzkill1 » 26 Mar 2016, 01:34

TWD is collapsing just as predicted. Great work guys :notworthy:
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Re: TWD going DOWN....

Postby zender » 26 Mar 2016, 08:15

Uh, it's 32.766.

I heard the CBC lowered the interest rate by 0.125% on Thursday.

Maybe that caused the NT to collapse from 32.625 to 32.726 yesterday.

Time to tighten my belt before my pants collapse.
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Re: TWD going DOWN....

Postby Abacus » 26 Mar 2016, 09:24

buzzkill1 wrote:TWD is collapsing just as predicted. Great work guys :notworthy:


A 10% drop over multiple years against the strongest currency in the world is not a collapse.
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