Exchange rate between RMB and NT: NT = 0.2310; 1 RMB = NT$ 4.3288.
The new Taiwan dollar is the common currency of Taiwan Province Province in China. It was issued and circulated from June 1949 to June 15, and the basic unit was RMB.
The units issuing NT coins are: 50 cents, 1 yuan, 5 yuan, 10 yuan, 20 yuan and 50 yuan. The paper currency units are: 100 yuan, 200 yuan, 500 yuan, 1000 yuan and 2000 yuan. 50-cent coins are rarely used because of their small circulation, so cash transactions usually take 1 yuan as the minimum unit.
Extended data
Algorithms and functions of exchange rate
The foreign exchange market is open to different types of buyers and sellers to conduct extensive and continuous currency transactions (foreign exchange transactions are conducted 24 hours a day except weekends, that is, from 8: 15 GMT on Sunday to 22:00 GMT on Friday). Spot exchange rate refers to the current exchange rate, and forward exchange rate refers to the exchange rate quoted and traded on the same day, but paid on a specific date in the future).
Exchange rate changes have a direct regulatory effect on a country's import and export trade. Under certain conditions, the devaluation of the local currency, that is, lowering the exchange rate, will promote exports and restrict imports; On the other hand, the appreciation of the local currency, that is, the rise of the exchange rate, plays a role in restricting exports and increasing imports.
Baidu encyclopedia -NTD
Baidu encyclopedia-exchange rate