taiwan dollar
Definition
Noun: The official currency of Taiwan. It is the basic unit of money used in Taiwan.
Usage
The term "Taiwan dollar" is used to refer to the currency itself, its value, or physical banknotes and coins. It is often abbreviated as TWD or represented by the symbol NT$ (New Taiwan Dollar).
Examples
- The price for this souvenir is one hundred Taiwan dollars.
- I need to exchange my US dollars for Taiwan dollars before my trip.
- The Taiwan dollar has remained relatively stable against the US dollar this year.
Advanced Usage
- Currency Code: In international finance and currency exchange, the Taiwan dollar is formally identified by the ISO code TWD.
- Symbol: The common symbol for the New Taiwan dollar is NT$. For example, NT$100.
Variants and Related Words
- New Taiwan Dollar (NTD): This is the full official name of the currency, introduced in 1949 to replace the old Taiwan dollar.
- Cent: A subunit of the Taiwan dollar. One Taiwan dollar is equal to 100 cents, though cents are rarely used in everyday transactions.
Synonyms
- NTD (abbreviation)
- TWD (ISO code)
- New Taiwan Dollar (full formal name)
Noun
-
the basic unit of money in Taiwan
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