The USD to TWD exchange rate has fallen below 31, dropping 10% in 3 days 💀

Can holding USD also lead to losses? 😮‍💨?

Remember last year when a meme was quite popular in Taiwan?

: You, who did nothing, have outperformed countless cryptocurrency traders

(Because at that time, the USD to TWD exchange rate rose from 30.7 in December 2023 to around 32.8 in July last year, an increase of 7% 📈)

In Q3 of last year, the market performance was also poor until Trump took office, so holding USD in Taiwan was already considered better than many people.

However, in the past few days, the USD to TWD exchange rate has plummeted nearly 10% in just three days…

This means that Taiwanese people who recently invested to buy at the bottom might have been ambushed by this surge in TWD's strength 😮‍💨

So what might be affected next?

Including supply chains, the housing market, and the job market, there will be a series of impacts. While it seems that a stronger TWD will lead to increased purchasing power, the pressure might shift to employment, government finance, and various other areas.

It's a turbulent year; more strategies are needed.