TWD surged to 29, customers are crazily exchanging currency, and online banking across Taiwan is experiencing major outages.

The New Taiwan Dollar has appreciated by over 3% for two consecutive days, surprisingly surpassing the 29 mark this morning, making it the strongest currency globally. This has also made the exchange rate of the Taiwan Dollar to various currencies appear extremely cheap. Users are frantically entering the market to exchange currencies, causing a major system outage for online banking across Taiwan.

( The value of the coin has skyrocketed, with the New Taiwan Dollar surprisingly reaching the 29 range. Is the central bank intervening? )

The TWD surprisingly starts with 29, it's cheap no matter how you exchange it.

This morning, the quoted exchange rates from banks in Taiwan showed several long-awaited figures, with the US dollar to New Taiwan dollar hitting a three-year low of 29, the New Taiwan dollar to Japanese yen at a good price of 0.2078, and the Australian dollar reaching a low starting with 19.

The New Taiwan Dollar has surged over 3% for two consecutive days, making it the strongest in the world, and it has made the Exchange Rate for the New Taiwan Dollar against various currencies appear extremely cheap.

Users are frantically hitting the exchange rate, causing a major outage for online banking across Taiwan.

Many users are frantically entering to check the Exchange Rate, causing multiple online banks to crash. Chain News tested and found that Yongfeng Bank, China Trust, and Cathay United Bank were all unable to log in. However, Line Bank maintained normal operations.

This article discusses the TWD rising to 29, with customers frantically exchanging currencies, leading to a major outage in online banking across Taiwan. It first appeared on Chain News ABMedia.