Narrow Effective Exchange Rate for Chinese Taipei
NNTWBIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108.43
Year-over-Year Change
4.35%
Date Range
1/1/1964 - 6/1/2025
Summary
The Narrow Effective Exchange Rate for Chinese Taipei measures the value of the New Taiwan dollar relative to a basket of trading partner currencies, adjusted for inflation. It provides insight into Taiwan's international trade competitiveness.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Narrow Effective Exchange Rate for Chinese Taipei is an index that tracks the exchange value of the New Taiwan dollar compared to a group of major trading partner currencies. It accounts for price differentials and is used to assess Taiwan's trade position and economic performance.
Methodology
The data is calculated by the Bank for International Settlements using a trade-weighted index formula.
Historical Context
This exchange rate trend is closely monitored by policymakers, investors, and analysts to evaluate Taiwan's export competitiveness and macroeconomic conditions.
Key Facts
- The base year for the index is 2010 = 100.
- Taiwan is a major exporter of electronics, machinery, and petrochemicals.
- The Narrow EER tracks 14 trading partner currencies.
FAQs
Q: What does this economic trend measure?
A: The Narrow Effective Exchange Rate for Chinese Taipei measures the value of the New Taiwan dollar relative to a basket of trading partner currencies, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This exchange rate trend provides insight into Taiwan's international trade competitiveness and is closely monitored by policymakers, investors, and analysts to evaluate the country's export performance and macroeconomic conditions.
Q: How is this data collected or calculated?
A: The data is calculated by the Bank for International Settlements using a trade-weighted index formula.
Q: How is this trend used in economic policy?
A: The Narrow Effective Exchange Rate for Chinese Taipei is used by policymakers, economists, and investors to assess Taiwan's export competitiveness and overall economic performance.
Q: Are there update delays or limitations?
A: The data is updated monthly by the Bank for International Settlements with no significant delays.
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Citation
U.S. Federal Reserve, Narrow Effective Exchange Rate for Chinese Taipei (NNTWBIS), retrieved from FRED.