USDTWD.ai Taiwan Macro Atlas

New Taiwan dollar movement versus yen, won and yuan, 2021–2024

FRED annual averages show the NTD weakened less than the yen and won against the U.S. dollar.

What the Data Shows

This currency comparison puts the New Taiwan dollar in a regional frame. The NTD weakened against the U.S. dollar after 2021, but its move was far smaller than the yen’s and below the won’s. The same-source FRED series keeps the comparison on a local-currency-per-dollar basis.

Data table

Japanese yen +37.9% vs USD
Korean won +19.1% vs USD
Taiwan dollar +14.9% vs USD
Chinese yuan +11.5% vs USD

Sources

Source 1: Taiwan Dollars to U.S. Dollar Spot Exchange Rate

Publisher: FRED / Board of Governors of the Federal Reserve System

Dataset/table: AEXTAUS annual average

Units: Taiwan dollars per U.S. dollar

Date checked: 2026-05-07

Status: verified

Note: FRED reports TWD per USD annual averages of 27.9366 in 2021 and 32.1064 in 2024.

Source 2: Japanese Yen to U.S. Dollar Spot Exchange Rate

Publisher: FRED / Board of Governors of the Federal Reserve System

Dataset/table: AEXJPUS annual average

Units: Japanese yen per U.S. dollar

Date checked: 2026-05-07

Status: verified

Note: FRED reports JPY per USD annual averages of 109.8429 in 2021 and 151.4551 in 2024.

Source 3: South Korean Won to U.S. Dollar Spot Exchange Rate

Publisher: FRED / Board of Governors of the Federal Reserve System

Dataset/table: AEXKOUS annual average

Units: Korean won per U.S. dollar

Date checked: 2026-05-07

Status: verified

Note: FRED reports KRW per USD annual averages of 1,144.8911 in 2021 and 1,363.4381 in 2024.

Source 4: Chinese Yuan Renminbi to U.S. Dollar Spot Exchange Rate

Publisher: FRED / Board of Governors of the Federal Reserve System

Dataset/table: AEXCHUS annual average

Units: Chinese yuan per U.S. dollar

Date checked: 2026-05-07

Status: verified

Note: FRED reports CNY per USD annual averages of 6.4508 in 2021 and 7.1957 in 2024.

Data notes & caveats

This is exchange-rate movement against the U.S. dollar, not statistical volatility. Annual averages smooth daily swings.

FRED reports TWD per USD annual averages of 27.9366 in 2021 and 32.1064 in 2024.

FRED reports JPY per USD annual averages of 109.8429 in 2021 and 151.4551 in 2024.

FRED reports KRW per USD annual averages of 1,144.8911 in 2021 and 1,363.4381 in 2024.

FRED reports CNY per USD annual averages of 6.4508 in 2021 and 7.1957 in 2024.

Methodology

Use FRED annual average spot exchange-rate series for local currency per U.S. dollar. The cumulative move is latest annual average divided by 2021 annual average minus one; higher local-currency-per-dollar values mean weakening versus USD.