Convert Australian Dollar to New Taiwan Dollar
Please provide values below to convert Australian Dollar [AUD] to New Taiwan Dollar [TWD], or Convert New Taiwan Dollar to Australian Dollar.
How to Convert Australian Dollar to New Taiwan Dollar
1 AUD = 0.0520756002043249 TWD
Example: convert 15 AUD to TWD:
15 AUD = 15 × 0.0520756002043249 TWD = 0.781134003064873 TWD
Australian Dollar to New Taiwan Dollar Conversion Table
| Australian Dollar | New Taiwan Dollar |
|---|
Australian Dollar
The Australian Dollar (AUD) is the official currency of Australia, used in its territories and some Pacific Island nations.
History/Origin
Introduced in 1966, replacing the Australian pound, the AUD was initially pegged to the British pound and later transitioned to a floating exchange rate system in 1983.
Current Use
The AUD is widely used in Australia and its territories, serving as a major currency in international trade and finance, and is one of the most traded currencies globally.
New Taiwan Dollar
The New Taiwan Dollar (TWD) is the official currency of Taiwan, used for everyday transactions and financial exchanges within the country.
History/Origin
The New Taiwan Dollar was introduced in 1949 to replace the Old Taiwan Dollar, stabilizing Taiwan's economy after World War II and subsequent political changes. It has undergone several reforms and devaluations over the decades to adapt to economic conditions.
Current Use
Today, the TWD is widely used in Taiwan for all monetary transactions, including retail, banking, and international trade. It is also accepted in some neighboring regions and is actively traded in foreign exchange markets.