The New Taiwan Dollar has recently appreciated again, with the exchange rate surpassing the 30 NTD mark, reaching 29.929 NTD for 1 USD. The Central Bank confirmed this evening that the New Taiwan Dollar exchange rate has stabilized, announcing that the off-site regulatory body discovered that foreign capital had preemptively transferred large amounts of funds and parked them in New Taiwan Dollar deposit accounts without actual investments, which poses risks of profit from exchange rate discrepancies.

The Central Bank emphasized that the dollar retains its status as the primary international reserve currency; US Treasury bonds show sound credit quality and liquidity, continuing to appeal to investors for their value storage function.

Key points from the Central Bank's announcement are as follows:
1. Market commentators and media should refrain from speculative commentary on domestic exchange market issues to avoid disrupting market order and stability.
2. Importers and exporters should conduct their USD transactions based on actual demands without falling prey to exaggerated market analyses that can lead to irrational expectations and exacerbate exchange rate fluctuations.
3. Recent off-site regulatory findings indicated that foreign capital had deposited large amounts labeled as investments in domestic securities without any real investment happening, violating guidelines for foreign exchange management. The Central Bank calls for foreign investments to be aligned with their declared remittance nature.
4. Many factors influence exchange rates, including trade surpluses and monetary policies. Since financial liberalization and globalization, significant and frequent movements of international capital have become major drivers of exchange rate fluctuations.
5. The dollar's foremost position as an international reserve currency remains secure. In recent discussions, US Treasury Secretary and economic advisors have reaffirmed the strong dollar policy. Recent clarifications from the White House deny any secret agreements to manipulate currency values for the benefit of the US dollar.
6. The 2023 appreciation of the New Taiwan Dollar reflects the favorable fundamental condition of the domestic economy; the Central Bank will continue to maintain the dynamic stability of the New Taiwan Dollar.