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CADTWD

$--
--%
1d
1w
1m

Analysis and statistics

  • Open
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  • Previous Close
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  • 52 Week Change
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  • Day Range
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  • 52 Week High/Low
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  • Dividend Per Share
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  • Market cap
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  • EPS
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  • Beta
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  • Volume
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About

CADTWD.FOREX represents the exchange rate between the Canadian Dollar (CAD) and the New Taiwan Dollar (TWD) in the foreign exchange (FOREX) market. It indicates how many New Taiwan Dollars are needed to purchase one Canadian Dollar. Fluctuations in this currency pair are influenced by a variety of economic factors in both Canada and Taiwan, including interest rates, inflation, economic growth, and political stability. Traders and investors use this rate to speculate on the relative strength of the two currencies and to facilitate international transactions involving Canadian and Taiwanese entities.
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Factors

Commodity Prices: Canada's economy is heavily reliant on commodities like oil. Higher oil prices typically strengthen the CAD relative to the TWD.

Interest Rate Differentials: Differences in interest rates set by the Bank of Canada and the Central Bank of the Republic of China influence capital flows, affecting the exchange rate.

Economic Growth: Stronger Canadian economic growth relative to Taiwan usually supports the CAD.

Risk Sentiment: Global risk appetite affects demand for safe-haven currencies like the TWD. Flight to safety can weaken the CAD.

Trade Balance: Canada's trade balance with Taiwan, and globally, impacts currency valuation. A trade surplus generally strengthens the CAD.

Geopolitical Events: Events affecting Canada or Taiwan can cause currency fluctuations.

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