JEP to TWD

JEP - Jersey pound (£)
TWD - New Taiwan Dollar ($)
1 JEP1 TWD

Currency conversion rates from JEP to TWD

JEPTWD
1 JEP1 TWD
5 JEP5 TWD
10 JEP10 TWD
20 JEP20 TWD
50 JEP50 TWD
100 JEP100 TWD
250 JEP250 TWD
500 JEP500 TWD
1000 JEP1000 TWD
2000 JEP2000 TWD
5000 JEP5000 TWD
10000 JEP10000 TWD
TWDJEP
1 TWD1 JEP
5 TWD5 JEP
10 TWD10 JEP
20 TWD20 JEP
50 TWD50 JEP
100 TWD100 JEP
250 TWD250 JEP
500 TWD500 JEP
1000 TWD1000 JEP
2000 TWD2000 JEP
5000 TWD5000 JEP
10000 TWD10000 JEP

JEP - JEP (£)

JEP

The Jersey Pound is the currency in Channel Islands (Aldernay, Guernsey, Jersey, Sark). The Jersey Pound is divided into 100 pence. The exchange rate for the Jersey Pound was last updated on Today from The International Monetary Fund. The JEP conversion factor has 6 significant digits.

More information about JEP - JEP (£)


TWD - New Taiwan Dollar (NT$)

New Taiwan Dollar

The New Taiwan Dollar (or the Taiwan Dollar) has been the official currency of the Taiwan Area of the Republic of China since 1949, when it replaced the Old Taiwan Dollar. It was initially issued by the Bank of Taiwan; since 2000 it has been issued by the Central Bank of the Republic of China (ROC).

The New Taiwan Dollar is the currency in Taiwan (TW, TWN). The New Taiwan Dollar is also known as the Taiwanese Dollar. The symbol for TWD can be written NT$, NTD, and NT. The New Taiwan Dollar is divided into 100 cents. The exchange rate for the New Taiwan Dollar was last updated on May 24, 2019 from Yahoo Finance. The TWD conversion factor has 5 significant digits.

Economy

  • Taiwan has a developed capitalist economy that ranks as the 19th largest in the world in GDP and 23rd in nominal terms. The Republic of China governs Taiwan with gradually decreasing guidance in the areas of investment and foreign trade.
  • Most large government-owned banks and industrial firms have been privatized.
  • Real growth in GDP has averaged about 8% during the past three decades. Exports have grown even faster and, since World War II, have provided the primary impetus for industrialization.
  • Taiwanese investors and businesses have become major investors in mainland China, Vietnam, Thailand, Indonesia, and the Philippines.

History

  • The New Taiwan Dollar was first issued by the Bank of Taiwan on June 15, 1949 to replace the Old Taiwan Dollar at the rate of 40,000 old Dollars = 1 new Dollar.
  • The main aim of the New Taiwan Dollar was to end the hyperinflation that had plagued Taiwan and mainland China due to the Chinese civil war fought in mainland China.
  • Taiwan has transformed itself from a recipient of U.S. aid in the 1950s and early 1960s to an aid donor and major foreign investor. Private Taiwanese investment in mainland China is estimated to be in excess of 150 billion USD, and official sources cite Taiwan as having invested a comparable amount in Southeast Asia.
  • In July, 2000 the New Taiwan Dollar became the official currency of the ROC and is no longer secondary to the silver Yuan. At the same time, the Central Bank of China (now known as the Central Bank of the Republic of China) began issuing New Taiwan Dollar banknotes, and the old notes issued by the Bank of Taiwan were taken out of circulation.

More information about TWD - New Taiwan Dollar (NT$)