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Currency Shift in Asia: Taiwan Dollar Poised to Dethrone the Yuan

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Currency Shift in Asia: Taiwan Dollar Poised to Dethrone the Yuan
A woman displays a one ounce commemorative gold coin and one ounce silver coin with Taiwan President Lai Ching-te and Vice President Hsiao Bi-khim portraits to mark the 16th president and vice president inauguration, on May 20, during a press conference at the Central Bank of the Republic of China (Taiwan) in Taipei on March 20, 2024. Sam Yeh/AFP/Getty Images
Antonio Graceffo
Updated:
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Commentary

The Taiwan dollar is rapidly emerging as Asia’s top funding currency, surpassing the yuan because of its stability, lower volatility, and appeal for carry trades amid the aggressive currency interventions by the Chinese Communist Party (CCP).

Antonio Graceffo
Antonio Graceffo
Author
Antonio Graceffo, Ph.D., is a China economy analyst who has spent more than 20 years in Asia. Graceffo is a graduate of the Shanghai University of Sport, holds an MBA from Shanghai Jiaotong University, and studied national security at American Military University.