The New Taiwan Dollar (NTD) surged yesterday (2nd), briefly surpassing 31.2 in the Taipei foreign exchange market and reaching a high of 30.77, ultimately closing at 31.064, an increase of 9.53 cents or 3.07%. Financial expert Ruann Mu-hua noted that the most affected investors are those holding U.S. bond ETFs, and he urged the Central Bank to explain the situation clearly.

Ruann pointed out that the recent rapid appreciation of the NTD is due to excessive market expectations, causing it to surge nearly 9 cents within just three days. This speed makes it difficult for businesses to hedge adequately and complicates the processing of dollar assets, resulting in a prevalent atmosphere of panic and speculation in the market. He emphasized that this sharp rise significantly impacts companies and investors holding substantial dollar assets, particularly U.S. bond ETF investors. Even though the stock market has risen concurrently, bond prices remain under pressure, with bond ETFs experiencing a drop of over 3% in a single day.

Ruann urged the Central Bank to provide clear explanations for this exchange rate volatility to alleviate market concerns and stabilize investors' expectations. If the Central Bank is sure that the NT must appreciate, it should guide the market effectively, but businesses holding large amounts of dollars must exercise caution.