Impact of Taiwan Dollar Appreciation: Exporters, YouTubers, and Tourism Industry Affected
The sharp rise of the New Taiwan Dollar against the US Dollar is causing concern in the machinery and tool manufacturing sectors, which heavily rely on exports. Chairman Chuang Da-li of the Taiwan Machinery Association urges the government to maintain the exchange rate above 30 NTD.
Additionally, YouTubers are feeling the effects since their income through platforms like YouTube is calculated in USD, potentially leading to decreased earnings. However, for those planning to travel abroad, the appreciation of the NTD means they can exchange for more foreign currency.
