Taiwan’s dollar weakened in Taipei on Monday, with the U.S. dollar closing at NT$32.882 and requiring more local currency to buy, Central News Agency (CNA) reported.
The U.S. dollar gained NT$0.114 from the previous close. Because the exchange rate shows how many Taiwan dollars buy one U.S. dollar, a higher quote means Taiwan’s currency weakened against it.
The dollar opened at NT$32.800, its low for the session, and later reached NT$32.957. Market turnover was US$3.46 billion, CNA reported.
Monday’s close was also NT$0.290 above the NT$32.592 rate recorded on Nov. 2 in EconoTimes’ earlier Taipei currency report.